TAX DESTINATION

The Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021 was passed by Lok Sabha on Wednesday. Download the pdf of the bill The Bill seeks to amend the existing Chartered Accountants Act (ICAI), 1949, the Cost and Works Accountants Act, 1959 and the Company Secretaries Act 1980.  The Bill is aimed at providing mechanism for dealing with the cases of misconduct in the three professional institutes, namely, the ICAI, the Institute of Cost Accountants of India and the Institute of Company Secretaries of India and “with a view to strengthening the existing mechanism and ensure speedy disposal of the disciplinary cases.” The Bill seeks to propose amendments related to existing Acts related to all three Institutes but not related to any Implementation of New Bill Related to IIA. The changes made in the Bill is no way related to Implementation of New Act IIA Act but Amendments related to disciplinary proceedings of Institutes. Ev

The Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021 was passed by Lok Sabha on Wednesday. Download the pdf of the bill The Bill seeks to amend the existing Chartered Accountants Act (ICAI), 1949, the Cost and Works Accountants Act, 1959 and the Company Secretaries Act 1980.  The Bill is aimed at providing mechanism for dealing with the cases of misconduct in the three professional institutes, namely, the ICAI, the Institute of Cost Accountants of India and the Institute of Company Secretaries of India and “with a view to strengthening the existing mechanism and ensure speedy disposal of the disciplinary cases.” The Bill seeks to propose amendments related to existing Acts related to all three Institutes but not related to any Implementation of New Bill Related to IIA. The changes made in the Bill is no way related to Implementation of New Act IIA Act but Amendments related to disciplinary proceedings of Institutes. Ev

Hello everyone!! Welcome back to the TAX DESTINATION Blog. Thanks for your continuous support of all our blogs. Happy Holi to all our followers from TEAM TAX DESTINATION. At this festival, we are here to release an article on one more sensational topic. Introduction: Since Budget 2022 was presented, tax on crypto gains became the talk of the town. Memes are floating around the social media on the Government's stand like “Your gains are my gains and your losses are your losses.” Team Tax Destination is back with another wonderful article where we are going to discuss how crypto gains/losses are taxed in India, how tax planning can be done against these gains and losses to pay minimum tax. Income Tax on Crypto Gains & Losses: Budget 2022 introduced the following provisions for gains & losses on the transfer of Virtual Digital Assets (VDAs) like Cryptos, NFTs etc. For making the concept simple, we use the word crypto instead of VDAs in this article: Gain arising from transfer

Hello everyone!! Welcome back to the TAX DESTINATION Blog. Thanks for your continuous support of all our blogs. Happy Holi to all our followers from TEAM TAX DESTINATION. At this festival, we are here to release an article on one more sensational topic. Introduction: Since Budget 2022 was presented, tax on crypto gains became the talk of the town. Memes are floating around the social media on the Government's stand like “Your gains are my gains and your losses are your losses.” Team Tax Destination is back with another wonderful article where we are going to discuss how crypto gains/losses are taxed in India, how tax planning can be done against these gains and losses to pay minimum tax. Income Tax on Crypto Gains & Losses: Budget 2022 introduced the following provisions for gains & losses on the transfer of Virtual Digital Assets (VDAs) like Cryptos, NFTs etc. For making the concept simple, we use the word crypto instead of VDAs in this article: Gain arising from transfer