Total digital transactions grew at a CAGR of 45.9% over five years, with UPI leading at 74.03%: RBI Payment System Report The Reserve Bank of India (RBI) published the Payment System Report 2024 on January 27. • Payments form the backbone of any economic activity. They are increasingly being recognised as a means of achieving financial […]
The Lok Adalats are formed to fulfill the promise given by the preamble of the Indian Constitution– securing Justice – social, economic, and political of every citizen of India. Article 39A of the Constitution provides for free legal aid to the deprived and weaker sections of society and to promotes justice on the basis of equal
MSMED Act in India was enacted to set up a policy environment for the promotion and development of the MSME sector. This act allows emerging businesses to enjoy the benefits of MSME centric government schemes and policies to boost growth and profitability. The MSMED Act was initially incorporated in 2006, but has undergone changes over
The income tax regulations that apply to non-resident Indians differ from the laws and rules that apply to resident Indians. Non-resident Indians are required to pay taxes on all income and capital gains earned in India. The income tax for NRI differs from that for resident Indians. It is crucial to know that NRIs are
Jaipur, April 26, 2024: The Rajasthan High Court, Jaipur Bench, has dismissed the application filed by M/s Arco Electro Technologies Pvt. Ltd. in relation to the winding-up order of M/s Vanasthali Textiles Industries Ltd., which is currently in liquidation. The matter was called for hearing, but the applicant, M/s Arco Electro Technologies Pvt. Ltd., failed
Jaipur: In a significant ruling, the Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has delivered a judgment favoring the taxpayer, Mrs. Prem Lata Pandya, in the case of Prem Lata Pandya vs. DCIT (ITA No. 1471/JPR/2024). The Tribunal directed the assessing authorities to classify ₹24 lakh, surrendered during a tax survey, as business
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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