Exports of certain commodities may require special approval or license. SCOMET lists down a few such items. SCOMET is an acronym for Special Chemicals, Organisms, Materials, Equipment, and Technology ...

It is akin to a company-wide system to ensure checks and balances IFC Audit is mandatory for all the listed companies in India IFC Audit ensures that the overall operations of the company are in line ...

Independent organizations that work for social and charitable purposes are called as Non-Governmental Organizations (NGOs). In order to facilitate them in contributing to the greater good, the ...

What is NBFC in Simple Terms? A Non-Banking Financial Company (NBFC) is akin to a banking company and engaged in the business of providing loans, accepting deposits (only certain NBFCs), leasing, hire ...

Section 80G of the income tax act provides deductions to the assessees in case donations are made to eligible institutions, charitable organizations, and funds approved by the government (herein ...

In a significant ruling, the Madras High Court has addressed a crucial question regarding the roles of the Jurisdictional Assessing Officer (JAO) and the Faceless Assessing Officer (FAO) under the ...

Ensuring adherence to Labour Law Compliance is essential for businesses operating in India. Non-compliance can lead to legal challenges, financial penalties, and reputational damage. This guide ...

There are various instruments through which companies can raise capital from the investors and the public at large. While equity shares and debentures rank amongst the most popular instruments, the ...

Social and environmental causes are gaining the attention of people. People and businesses are now not only focusing on profits but also on serving social and environmental causes. One of the most ...

As we progress, new investment avenues are emerging and are becoming popular among investors. New ways of conducting business and raising finances are on the rise and what follows are the taxation ...

The Special Valuation Branch (SVB Custom) has been established to Investigate the Valuation of Goods Imported by an Indian party from its related foreign supplier. When the Indian importer imports ...

Therefore, the exporters or authorized dealers can write off the export receivables up to the above limits. However, they need to follow certain conditions to be eligible for the same. Here are some ...