Interim Budget 2024

By: Mr. Prasanna Ravikant Bhat - 5th February, 2024


There are no changes in direct and indirect tax rates. The interim budget proposes to withdraw outstanding disputed direct tax demands up to Rs.25,000 pertaining to the period up to F.Y 2009-10 and up to Rs.10,000 for F.Y 2010-11 to 2014-15.

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Discard Return

By: Mr. Prasanna Ravikant Bhat - 1st December, 2023


The Income Tax Department has recently launched a new feature called 'Discard Return'. This feature allows an individual to completely discard, i.e., delete their previously filed unverified income tax return (ITR).

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Blog on Section 194R along with FAQs

By: Vidhi Vora - 27th October, 2023


Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income­ tax Act, 1961

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A note on Bonus Shares

By: Sakina Bohra - 2nd June, 2023


Bonus shares, also known as scrip dividends or capitalization issues, are an essential aspect of the Indian stock market. They serve as an attractive incentive for shareholders and have gained considerable popularity among investors. In this article, we will delve into the concept of bonus shares, exploring their benefits, implications, and the regulatory framework governing their distribution in India.

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Accounting Audit Trail

By: Mr. Prasanna Ravikant Bhat - 29th March, 2023


An audit trail is a detailed, chronological record of all the transactions in a company, including financial transactions, operational activities, and administrative tasks where accounting, project details, and other financial data are tracked and traced.

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