Simbizz Consultancy Services

Employer Will Compensate For The Loss Due To Delay in EPF Contribution: Supreme Court

The employer will have to compensate the loss for delay in contribution to the Employees’ Provident Fund (EPF). The Supreme Court has given this arrangement on Wednesday. According to the news of PTI, a bench of Justice Ajay Rastogi and Justice Abhay S Oka said...

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Understanding High-Value Cash Transactions and Income Tax Notices in India

In India, high-value cash transactions are regulated by income tax laws to monitor cash flow and prevent illegal financial activities. According to these regulations, any cash deposit of...

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Proposed Income Tax Act Amendment Targets MSME Dues Tax Treatment

A recent alteration in the Income Tax Act, aimed at bolstering small businesses by ensuring timely payments, might have inadvertently deterred potential buyers from...

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CBDT Directs Self-Reporting Organizations to Submit High-Value Transaction Details of FY23 by 30th June

In a recent development, the Central Board of Direct Taxes (CBDT) has issued a directive to Self-Reporting Organizations (SROs) urging them to...

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