Significant Changes-SEBI LODR

Posted on July 21, 2023

The Stock Exchange Board of India, vide SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023 dated 14th June, 2023, and its follow-on Circulars dated 12th July, 2023, and 13th July, 2023, has introduced significant developments on disclosures by... Read More →

Posted in Regulatory |

Government Extends Implementation date for Revised TCS Rates and inclusion of Credit Card Payments in LRS

Posted on June 30, 2023

Certain changes were announced to the system of TCS on payments under the LRS and on overseas tour program packages. These were to take effect from 1 July 2023. The government had also notified Foreign Exchange Management (Current Account Transactions)... Read More →

Posted in Regulatory |

CBDT Incorporates Majority Rule to Address Split in Advance Rulings

Posted on June 14, 2023

Central Board of Direct Taxes (CBDT) vide Notification No. 38/2023 dated 12th June, 2023 amends the e-Advance Rulings Scheme, 2022(Scheme), substitutes clause (iv) in Para 6(C) of the Scheme with new clause (iv) and inserts clause (v) in Para 6(C)... Read More →

Posted in Direct Tax |

CBDT releases notifications easing constraints of Angel Tax

Posted on May 29, 2023

Pursuant to Press Release dated 19.05.2023 proposing changes with respect to Angel Tax, CBDT has issued notification no. 29 dated 24.05.2023. CBDT notifies the class or classes of persons for inapplicability of Section 56(2)(viib) which are: Government and Government related... Read More →

Posted in Direct Tax |

Leave Encashment Exemption Limited Increased to Rs.25 Lakh

Posted on May 26, 2023

CBDT increased limit of Leave Encashment exemption u/s 10(10AA) to Rs. 25 Lakhs for Non- Government Employees CBDT vide Notification No. 31/2023 dated 24.05.2023 has notified Rs. 25 Lakhs as exemption limit under Section 10(10AA) with regard to Leave Encashment... Read More →

Posted in Direct Tax |