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News, Blog, Income Tax

May 8, 2024

[Opinion] Family Settlement Agreement | An Effective Tool to Save Disputes & Taxes

Mayank Mohanka – [2024] 162 … Continue reading “[Opinion] Family Settlement Agreement | An Effective Tool to Save Disputes & Taxes”

Blog, News, FEMA & Banking

May 8, 2024

ADs Can Post and Collect Margins in India/Outside India for Derivative Contracts Entered With Non-Residents

Notification No. FEMA 399(1)/2024-RB; Dated: … Continue reading “ADs Can Post and Collect Margins in India/Outside India for Derivative Contracts Entered With Non-Residents”

Blog, News, FEMA & Banking

May 8, 2024

AD Banks Can Allow Interest-Bearing Accounts for Non-Residents to Post/Collect Margins for Derivative Contracts

Notification No. F. No. FEMA … Continue reading “AD Banks Can Allow Interest-Bearing Accounts for Non-Residents to Post/Collect Margins for Derivative Contracts”

Blog, News, Income Tax

May 8, 2024

Question of Correctness of Claim of Deduction u/s 80JJAA Can’t Represent Escapement of Income | HC

Case Details: Hexaware Technologies Ltd. … Continue reading “Question of Correctness of Claim of Deduction u/s 80JJAA Can’t Represent Escapement of Income | HC”

Blog, News, GST & Customs

May 8, 2024

HC Remanded Matter Back for Re-Adjudication Since Assessee Was a Semi-Literate Person & Not Aware About Proceedings

Case Details: Tvl. Rajaiah v. … Continue reading “HC Remanded Matter Back for Re-Adjudication Since Assessee Was a Semi-Literate Person & Not Aware About Proceedings”

News, Blog, GST & Customs

May 8, 2024

GST Authority Can’t Pass Order for Insertion of Negative Balance in Credit Ledger of Assessee | Telangana HC

Case Details: Laxmi Fine Chem … Continue reading “GST Authority Can’t Pass Order for Insertion of Negative Balance in Credit Ledger of Assessee | Telangana HC”

Blog, News, Account & Audit

May 8, 2024

Accounting for Advance Payments for Land Acquisition Pending Possession Within the Ind AS Framework

An asset is a present … Continue reading “Accounting for Advance Payments for Land Acquisition Pending Possession Within the Ind AS Framework”

Blog, News, Company Law

May 7, 2024

SEBI Permits ‘360 ONE Distribution Services Limited’ to Use UIDAI’s e-KYC Aadhaar Authentication as Sub-KUA in Markets

Circular No. SEBI/HO/MIRSD/SECFATF/P/CIR/2024/36, Dated 06.05.2024 … Continue reading “SEBI Permits ‘360 ONE Distribution Services Limited’ to Use UIDAI’s e-KYC Aadhaar Authentication as Sub-KUA in Markets”

Blog, News, Competition Law

May 7, 2024

Non-Marketing of Informant’s Supplement Product Due to Non-Cooperation of OPs Didn’t Raise Any Competition Issue; Plea Rejected | CCI

Case Details: Somnath Banerjee v. … Continue reading “Non-Marketing of Informant’s Supplement Product Due to Non-Cooperation of OPs Didn’t Raise Any Competition Issue; Plea Rejected | CCI”

News, Blog, FEMA & Banking

May 7, 2024

Appellant Penalised for FDI Reporting Failure Under Repealed Norms as New Amendment Maintained Reporting Obligation

Case Details: M/s Shell India … Continue reading “Appellant Penalised for FDI Reporting Failure Under Repealed Norms as New Amendment Maintained Reporting Obligation”