CBDT introduces new performance for taxpayers to substantiate data accuracy

The Central Board of Direct Taxes (CBDT) has now rolled out a brand new performance in the Annual Info Assertion (AIS) to show the standing of knowledge affirmation course of.  It will show whether or not the taxpayer’s suggestions  has been acted upon by the supply, both, partially or totally accepting or rejecting the identical.  In … Read more

Packaged meals firms might shift to extra transparency, more healthy meals choices

Organised packaged meals gamers are feeling the warmth on their well being claims, product formulations and vitamin ranges on the again of issues raised by public well being advocates, social media influencers and customers in latest occasions. Consultants mentioned that is prone to push organised gamers to make a extra pronounced shift in direction of … Read more

Maharashtra RERA proposes obligatory separate financial institution accounts for actual property builders

The Maharashtra Actual Property Regulatory Authority has floated a dialogue paper that mooted that actual property builders ought to open three financial institution accounts in a single financial institution earlier than they will apply to register a undertaking. The three accounts ought to be a set account for the undertaking, a separate account for the … Read more

After Google, Meta pronounces to work with ECI to flag illegal content material from its platforms

Because the world’s largest democracy prepares for the 18th Normal Elections, Meta (erstwhile Fb) will proceed efforts to restrict misinformation, take away voter interference, and improve transparency and accountability on its platforms to help free and honest elections, the corporate stated on Tuesday. “In the direction of this, we now have round 40,000 folks globally … Read more

Private guarantors’ insolvency: IBBI mandates Decision Professionals to supply reviews to each debtor and creditor for enhanced transparency

Insolvency and Chapter Board of India (IBBI) has taken one other essential step in direction of enhancing transparency within the insolvency decision of non-public guarantors.  It has now mandated that Decision Professionals (RPs) present a replica of its report back to each creditor and debtor in all instances.  This can be certain that the debtor … Read more