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Income Tax Taxation

Income Tax Provisions for Clubbing of Income

Clubbing of Income

There are many situations in which you have to club income with someone else. Clubbing provisions are governed by Section 64 of the Income Tax Act,1961. Cl...

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BIS Certification

How BIS is fulfilling its BIS Certification issuing res...

Bureau of Indian Standards Certification

The purpose behind creating the Indian Standards Institute (ISI) was to develop standardization in the Indian market. The ISI was later changed to the Bure...

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RBI Registration

The Banking Regulation (Amendment) Ordinance, 2017 –...

Banking Regulation

In June 2017, the apex banking body in India – the Reserve Bank of India (RBI) – identified 12 loan defaulters. The total default value of these defaul...

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Compliances Latest News

Amendment Rules for Significant Beneficial Ownership...

Significant Beneficial Ownership

The Government of India has amended the significant beneficial ownership rules for companies, putting in place a more clear regulatory framework that would...

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BIS Certification

What is the Significance of BIS Certification?

Significance of BIS Certification

The purpose behind the setting up of an the existence of the Bureau of Indian Standards (BIS) is to provide the Indian public with standardized goods that...

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FEMA

Protection of Exit Clauses for Foreign Investors under...

Foreign Investors

What is the worth of FDI to a country like India? Foreign Direct Investment (FDI) is very crucial in the fortification and strengthening of an economy. In...

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Income Tax Taxation

Section 145 of the Income Tax Act,1961

Section 145

Section 145 of the Income Act, 1961 deals with the process of standards which the following persons are required to follow when it comes to non-compliances...

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Legal Legal Law

What is Cheque Truncation System?

What is Cheque Truncation System enterslice

To fasten the cheque-clearing process, the Reserve Bank of India brought the concept of the Cheque Truncation System (CTS), which allows banks to adopt thi...

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