during the immediately preceding financial year, shall spend 2% of its average net profit made during the 3 immediately preceding financial years on CSR activities.

As per reports, the central government and the Ministry of Corporate Affairs (MCA) has deregistered over 200,000 companies from register of companies.

In order to facilitate ease of doing business for listed entities, the Securities and Exchange Board of India (SEBI), at its meeting held on 15 March 2024...

Yet another business gets hit by deep discounting! Clearly, this strategy can help penetrate and acquire market share only as long the wallet stretches.

The National Health Protection Mission is the Government of India's program intended to provide health care access to the economically backward and weaker sections of the society ...

India's pharmaceutical industry has traditionally been known as the 'pharmacy of the world,' exporting cheap generics and vaccines to the world.

The Ministry of Heavy Industries (MHI), notified the "Scheme to Promote Manufacturing of Electric Passenger Cars in India" with the aim to attract investments from global EV manufacturers...

The global economy has succumbed to the uninvited guest, COVID-19, which arrived at the beginning of the year and brought an onslaught of huge ramifications on the economy and businesses as a whole.

Along with strong Gross Domestic Product (GDP) growth, approximately one sixth of the world's population and a growing per capita income, India has been on the forefront of consumer demand.

Union Budget 2018, being the last Budget of the government in its present term, was expected to be populist with an eye on the general elections to be held next year.

The last decade has witnessed an exponential rise in the start-up ecosystem in the country. While the COVID-19 outbreak and the effects of the lockdown...

The Finance Act, 2017 had made it mandatory for individual taxpayers to quote their Aadhaar number or Enrolment ID of Aadhaar application form for filing tax returns in India.

The Finance Budget of Maharashtra has been announced for the financial year 2019-2020.

Section 79 of the Income Tax Act, 1961 (Act) allows set-off and carry forward of losses only if 51% of the company's voting power is beneficially held by the same person who on the last day of the financial year in which the loss was incurred.

The Central Board of Direct Taxes (CBDT), vide notification on 5 April 2021, issued amendments to the Indian Income-tax Rules, 1962 (the Rules), namely Income-tax (9th Amendment) Rules, 2021.

Aadhaar is a unique identification number in India that is obtained by individuals. The government is increasingly using Aadhaar to track the economic activity of individuals and promoting its socio-economic welfare measures.

With GST being finally implemented, the government has brought into force certain notifications.

The GST Council held its 29th meeting on 4 August 2018 with a primary focus on addressing concerns of the Micro, Small & Medium Enterprises (MSME) sector.

The Finance Minister, Arun Jaitley, unveiled the Union Budget 2018 in the Parliament on 1 February 2018.

Apart from this, there have been some crucial announcements and rulings in the areas of direct tax, transfer pricing, and indirect tax.