Latest Post and Updates

What Happens If I Don’t Pay Health Insurance Premium?

What Happens If I Don’t Pay the Health Insurance Premium?

Health insurance is a contract between a policyholder and an insurance provider where the insured agrees to pay premiums on time and in return the insurer agrees to offer health coverage. This indicates that you need to pay the premium on time to keep the policy active. But with your…
Continue Reading
FC-GPR Filing

Foreign Currency Gross Provisional Return (FC-GPR)

When a company receives FDI through equity investment, the company allots shares to the foreign investor and there is a basic reporting requirement with the RBI in the FC-GPR form. This form is issued by the Reserve Bank under the Foreign Exchange Management Act 1999. In this article, let us…
Continue Reading
Foreign Exchange Management Regulations

RBI: Foreign Exchange Management (Overseas Investment) Regulations, 2022

The Foreign Exchange Management (Overseas Investment) Regulations, 2022 were notified by The Reserve Bank of India on 2 August 2022. Under the new regulations, share capital purchased from a foreign entity will be treated as ODI and the payment of this consideration will be deferred for a specified period as…
Continue Reading
How Much Energy Goes into Bitcoin Mining?

How Much Energy Goes into Bitcoin Mining?

Since transactions are verified and added to the blockchain, a digital ledger, through the process of bitcoin mining, it is crucial to understand this component of the technology that underpins cryptocurrencies. The owners and operators of the computers that make up the decentralized Bitcoin network referred to as miners are…
Continue Reading
Impact of Bitcoin in society

How does Bitcoin Impacts Society?

Since Satoshi Nakamoto first unveiled Bitcoin, this digital money has had a significant impact on culture. Some people claim that Bitcoin is a substantial investment. Some people consider cryptocurrencies to be a fad. However, a portion of society views it as dormant digital money. What is known as cryptocurrencies, or,…
Continue Reading

DIR-3 KYC on MCA V-3 Portal – FAQs

A Director Identification Number (DIN) is a unique identification number assigned to a person who wishes to become or is already a corporation director. In this digital age, completing eForm DIR-3 was sufficient to receive DIN. This was a one-time process for anyone interested in becoming a director in one…
Continue Reading
New Cryptocurrency Tax Rules In India

New Cryptocurrency Tax Rules in India: Everything You Need To Know

In India, does crypto currency have to be taxed? Do you want to know how the Indian Income Tax Department (ITD) feels about Bitcoin and other cryptocurrencies? Currently, there is no regulation of cryptocurrencies or non-fungible tokens (NFTs) in India. In this article, we will talk about the New Cryptocurrency…
Continue Reading
RBI’s New Digital Lending Guidelines

RBI’s New Digital Lending Guidelines

Reserve Bank of India (RBI) has announced guidelines for digital loans. The central bank has given regulated entities (REs) until November 30 to put in place adequate systems and processes to ensure that "existing digital loans" comply with the new lending guidelines. The new guidelines apply to both "existing customers”…
Continue Reading

Inter head transfer for Tax paid under GST – Form GST PMT-09

To allow a registered taxpayer to transfer any amount of tax, interest, penalties, etc. that is accessible in the electronic cash ledger to the proper tax or cess head under IGST, CGST, and SGST in the electronic cash ledger, the CBIC has developed Form PMT-09 (i.e., a challan). As a…
Continue Reading
Is Bitcoin Mining Illegal in India

Is Bitcoin Mining Illegal?: Legality of Mining of Bitcoin

Bitcoin mining is an important aspect of the cryptocurrency's underlying technology since it is how transactions are confirmed and added to the blockchain, a digital record. As a return for their efforts, the owners and operators of the computer systems that comprise the decentralized Bitcoin network, known as miners, earn…
Continue Reading

Ask an Expert