All About Provident Fund Withdrawal – New Rules Simplified The revised Employees Provident Fund withdrawal framework provides greater flexibility to members by allowing withdrawal of up to 100% of the eligible Provident Fund balance after completion of 12 months of total service, subject to the purpose and prescribed limits. Category I – Essential Social Security Needs Purpose …
Top Airport Lounge Access Credit Cards in India for Domestic and International Travel Airport lounge access has become an important consideration for many Indian travellers. Whether travelling for business or leisure, people increasingly value comfort, convenience, and a better airport experience. The right Credit Card can help make time at the airport more productive and …
FCRA Registration (FC-3A) : Guide for NGOs/Trusts/Societies Before applying for FCRA Registration (FC-3A), ensure that your NGO/Trust/Society has completed 3 years of genuine charitable activities, incurred at least ₹15 lakh of eligible expenditure, obtained a Darpan ID, opened the mandatory SBI FCRA Account, and prepared complete audited records and activity reports. Proper documentation significantly improves …
MCA Invites Suggestions on Integrated Platform for Insolvency Ecosystem (iPIE) The Ministry of Corporate Affairs is developing the Integrated Platform for Insolvency Ecosystem (iPIE), a unified digital platform to integrate all stakeholders, processes, and technology systems operating under the Insolvency and Bankruptcy Code, 2016 (IBC). The objective is to create a seamless, secure, transparent, and …
Latest updates on crypto tax in India Any NRI or resident holding cryptocurrency in India should Maintain complete transaction records, Report all Virtual Digital Asset transactions in Income Tax Return, Ensure Tax Deducted at Source compliance where applicable, Disclose foreign and domestic crypto holdings. Ensure compliance with Tax Deducted at Source requirements. Properly disclose domestic …
GST TDS vs GST TCS: Complete Guide for Businesses Many taxpayers, accountants, and business owners often confuse GST TDS (Tax Deducted at Source) with GST TCS (Tax Collected at Source) because both involve deduction or collection of tax at the source and subsequent deposit with the government. However, these provisions operate in entirely different scenarios …
Overview on FEMA Compounding & Late Submission Fee (LSF) Here is a comprehensive understanding of the compounding of contraventions under the Foreign Exchange Management Act (FEMA), 1999, along with the Late Submission Fee (LSF) mechanism introduced by RBI. It is particularly relevant for chartered accountants, company secretaries, CFOs, compliance professionals, FDI/ODI consultants, and businesses dealing …
Import & Export Compliance Under FEMA: Key Regulatory Changes Every Business Must Know International trade has become a critical growth driver for Indian businesses. However, with increasing scrutiny from regulatory authorities such as the Enforcement Directorate (ED), Directorate of Revenue Intelligence (DRI), RBI, Customs, and DGFT, businesses engaged in imports and exports must strengthen their …
Liberalised Remittance Scheme: A Complete Guide for Indian Residents Comprehensive overview of the Liberalised Remittance Scheme (LRS) under the Foreign Exchange Management Act (FEMA), 1999. LRS has become increasingly important as more Indians invest globally, pay for overseas education, travel abroad, purchase foreign assets, and engage in cross-border transactions. What is the Liberalised Remittance Scheme? …
ESG: From CSR to the Boardroom – Why Delhi Businesses Can No Longer Ignore ESG Environmental, Social, and Governance has rapidly evolved from being a Corporate Social Responsibility (CSR) discussion topic to a critical boardroom agenda. Today, investors, regulators, banks, customers, and supply-chain partners expect companies to demonstrate sustainable and responsible business practices. The presentation …