Many businesses operate beyond the borders of their home country. When companies venture abroad, they need to adhere to the financial regulations of the host country to ensure a transparent and fair market. Foreign investment, particularly in India, is a key driver of economic growth and thus, is governed by several rules and procedures. In […]
Challan 280 is a form available on the official website of Income Tax India. This challan can be used to make online payment of income tax. The challan can be filed online or can be submitted offline as well to pay the tax. Manual payments are getting outdated in the digital era and certain types of taxpayers
In India, income tax is calculated using income tax slabs and rates for the applicable financial year (FY) and assessment year (AY). For this year, the financial year will be 2024-25, and the assessment year will be 2025-26. Note – As per the Budget, the New Tax Regime will be considered as the default tax regime
Indian Bank was established over a century ago as a part of the Swadeshi Movement. The bank now has several bank branches all over the country, a few branches overseas, and over 200 overseas correspondent banks in approximately 75 countries. Indian Bank’s vision is to be a financial institution that is committed to excellence and
Register Restaurant with Swiggy, and Zomato, Online food kitchens and food delivery have never been bigger than it is now. With more and more people opting to order in, rather than dine out, the industry will grow in the upcoming future. Out of all the names in the industry, the two biggest that stand out
The government believes that only a healthy India can succeed in global competition. In order to ensure affordable healthcare services to all classes of people, a number of government-sponsored health schemes have been introduced in recent years. Alongside, the government has also come up with the Pradhan Mantri Ayushman Bharat health insurance scheme. yushman Bharat
Aspect Description Global Economic Growth Projection Predicted at 2.7% for 2024, up from the previous 2.4% forecast. India’s Growth Outlook Expected growth rates of 6.9% in 2024 and 6.6% in 2025. Role of Technological Breakthroughs Advancements in critical mineral processing offer new economic growth opportunities. Critical Minerals Definition Essential metallic or non-metallic elements for economic
Asset Reconstruction Companies (ARCs) are specialized financial entities established under Section 3 of the SARFAESI Act, 2002, with the primary objective of acquiring and managing distressed assets from banks and financial institutions. However, recent scrutiny by the Reserve Bank of India (RBI) has unearthed several supervisory concerns regarding the functioning of ARCs, discussed during a conference themed
The Digital Competition Bill (DCB) aims to regulate Systemically Significant Digital Enterprises (SSDEs) and their Associate Digital Enterprises (ADEs) to prevent Anti-Competitive Practices (ACPs) by drawing inspiration from the Digital Markets Act (DMA) of the European Union. Here are its key provisions: Ex-Ante Regulation: DCB empowers the Competition Commission of India (CCI) to intervene preemptively,
Foreign Direct Investment (FDI) in India is regulated and governed by the Reserve Bank of India (RBI) – Foreign Exchange Management Act (FEMA), 1999. The FDI policy was announced by the Government of India and RBI issued vide notification FEMA 20/2000-RB dated May 3, 2000 which contains the Regulations in this regard. FDI is a
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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