Blog

News, Blog, Income Tax

May 7, 2024

CBDT Releases Guidelines for Compulsory Selection of Returns for Complete Scrutiny During FY 2024-25

Notification F.No.225/72/2024IITA-II, dated 03-05-2024 The … Continue reading “CBDT Releases Guidelines for Compulsory Selection of Returns for Complete Scrutiny During FY 2024-25”

Blog, Weekly Round-up

May 7, 2024

Weekly Round-up on Tax and Corporate Laws | 29th April to 4th May 2024

This weekly newsletter analytically summarises … Continue reading “Weekly Round-up on Tax and Corporate Laws | 29th April to 4th May 2024”

Blog, News, GST & Customs

May 6, 2024

HC Stays CBIC Circular on Corporate Guarantee; Allows Authority to Decide Case Without Being Influenced by Clarification

Case Details: M/S Acme Cleantech … Continue reading “HC Stays CBIC Circular on Corporate Guarantee; Allows Authority to Decide Case Without Being Influenced by Clarification”

Blog, News, Income Tax

May 6, 2024

Payment Made to Agricultural Board for Development Works on Assessee’s Behalf Allowable as Application of Income

Case Details: Market Committee v. … Continue reading “Payment Made to Agricultural Board for Development Works on Assessee’s Behalf Allowable as Application of Income”

Blog, News, Income Tax

May 6, 2024

[Opinion] Section 170A | Effect of Order of Tribunal or Court in Respect of Business Reorganization

CA Amarbir Singh Walia – … Continue reading “[Opinion] Section 170A | Effect of Order of Tribunal or Court in Respect of Business Reorganization”

Blog, News, GST & Customs

May 6, 2024

[Opinion] The Verdict Under Scrutiny | The Saga of Madras High Court Decision for GST on Hostels

CA Yash Shah – [2024] … Continue reading “[Opinion] The Verdict Under Scrutiny | The Saga of Madras High Court Decision for GST on Hostels”

Blog, News, Account & Audit

May 6, 2024

Exploring the Nature of Social Security Scheme Trust Fund | Defined Benefit or Contribution Plans

According to Ind AS 19, … Continue reading “Exploring the Nature of Social Security Scheme Trust Fund | Defined Benefit or Contribution Plans”

News, Blog, Account & Audit

May 6, 2024

Ind AS 21 | Handling Foreign Exchange Gains/Losses from Payables for Capital Goods/Services

For long-term foreign currency payables … Continue reading “Ind AS 21 | Handling Foreign Exchange Gains/Losses from Payables for Capital Goods/Services”

Blog, News, FEMA & Banking

May 6, 2024

RBI Revises Extant Guidelines on Issuance of ‘Irrevocable Payment Commitments’ by Banks

Circular No. RBI/2024-25/33 DOR.CRE.REC.22/21.03.054/2024-25; Dated: … Continue reading “RBI Revises Extant Guidelines on Issuance of ‘Irrevocable Payment Commitments’ by Banks”

Blog, News, FEMA & Banking

May 6, 2024

RBI Releases Draft Guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning’

Press Release No. 2024-2025/244; Dated: … Continue reading “RBI Releases Draft Guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning’”