Section 43 – Finance Acts

Amendment of section 144C In section 144C of the Income-tax Act with effect from the 1st day of September, 2024,— (i)   in sub-section (15), in clause (b), the following proviso shall be inserted, namely:—     “Provided that such eligible assessee shall not include person referred to in sub-section (1) of section 158BA or other […]

SUGAM Drug License Registration

In January 2016, India’s Central Drugs Standard Control Organisation (CDSCO) introduced SUGAM, an online portal, for filing applications of various services. The services offered by the SUGAM includes online submissions, review, and grant of NOC/permission. SUGAM online licensing portal of CDSCO has been launched by the Ministry of Health and Family Welfare. SUGAM is e-Governance system

Section 42 – Finance Acts

Amendment of section 139AA In section 139AA of the Income-tax Act, with effect from the 1st day of October, 2024,— (a) in sub-section (1), after the proviso, the following proviso shall be inserted, namely:— “Provided further that nothing in the first proviso shall apply in respect of any application form for allotment of permanent account number

Section 41 – Finance Acts

Amendment of section 139 In section 139 of the Income-tax Act, after sub-section (9) and the proviso to the Explanation thereof, the following sub-section shall be inserted with effect from the 1st day of October, 2024, namely:— “(9A) Where any return of income is furnished in pursuance of an order under clause (b) of sub-section (2) of

Pahani or Adangal 

Pahani and Adangal

In the vast tapestry of India’s land management system, there exists a term that echoes through centuries of tradition and bureaucracy, and that term is “Adangal.” It may not be a household name, but its importance in the domain of land records in India cannot be overstated Maintaining documents in physical form requires proper maintenance

Pradhan Mantri Matsya Sampada Yojana (PMMSY)

Pradhan Mantri Matsya Sampada Yojana (PMMSY)

The scheme “Pradhan Mantri Matsya Sampada Yojana (PMMSY)” was launched by the Department of Fisheries; Ministry of Fisheries, Animal Husbandry, and Dairying; to bring about ecologically healthy, economically viable, and socially inclusive development of the fisheries sector of India. PMMSY shall bring about Blue Revolution through sustainable and responsible development of the fisheries sector in India

Directorate of Ayurveda

directorate of ayurveda

The Directorate of Ayurveda is a government agency in India dedicated to the promotion, development, and regulation of Ayurveda, one of the world’s oldest holistic healing systems. Operating under the Ministry of AYUSH (which stands for Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homeopathy), the Directorate of Ayurveda works to advance Ayurveda through research, policy,

Salary Income under Income Tax

Salary Income under Income Tax

Income Tax is levied on a person who was in India for 182 days during the previous tax year or the person who was in India for at least 60 days during the previous tax year and for at least 365 days during the preceding 4 years will be taxed. Section 17 under the Income Tax

section 145a income tax act

section 145a income tax act

Section 145 of the Income Tax Act deals with the processes and standards of accounting for business owners and professionals. It allows an assessee to follow one of the following accounting systems — cash system or mercantile system as per ICDS (Income Computation and Disclosure Standards). On April 1 1999, the Government of India introduced

Udan Yojana

udan yojana

Regional Connectivity Scheme UDAN (Ude Desh ka Aam Nagrik), the flagship programme of the Ministry of Civil Aviation, has completed 5 years of success since the launch of its maiden flight by the Prime Minister on 27th April 2017. The scheme was launched on 21 October 2016 with the objective of fulfilling the aspirations of