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Blog, News, Account & Audit

January 4, 2024

[Opinion] How to Calculate Goodwill/Capital Reserve in Case of Cross-holding As Per AS-21

CA Bharat Sonkhiya, CA Vikash … Continue reading “[Opinion] How to Calculate Goodwill/Capital Reserve in Case of Cross-holding As Per AS-21”

Blog, News, Insolvency and Bankruptcy Code

January 4, 2024

Serving as a Resolution Professional in a Specific Area Doesn’t Dictate Territorial Jurisdiction

Case Details: Ananda Rao Korada … Continue reading “Serving as a Resolution Professional in a Specific Area Doesn’t Dictate Territorial Jurisdiction”

Blog, News, Income Tax

January 3, 2024

ITAT Upheld Penalty as Poor Track Record of Clearance of Cheque Isn’t Valid Reason to Make Repayment in Cash

Case Details: Kamaljeet Kaur Gill … Continue reading “ITAT Upheld Penalty as Poor Track Record of Clearance of Cheque Isn’t Valid Reason to Make Repayment in Cash”

Blog, News, FEMA & Banking

January 3, 2024

RBI Hikes Bulk Deposit Limit for Urban Co-operative Banks (UCBs) in Tier 3 & Tier 4 to Rs. 1 Crore

Circular No. RBI/2023-24/104 DoR.SPE.REC.63/13.03.00/2023-2024, Dated … Continue reading “RBI Hikes Bulk Deposit Limit for Urban Co-operative Banks (UCBs) in Tier 3 & Tier 4 to Rs. 1 Crore”

Blog, News, Income Tax

January 3, 2024

Over 8.18 Crore ITR Filed for AY 2023-24, Marking a 9% Rise From AY 2022-23 | CBDT

Press Release, dated 01-01-2024 The … Continue reading “Over 8.18 Crore ITR Filed for AY 2023-24, Marking a 9% Rise From AY 2022-23 | CBDT”

Blog, News, FEMA & Banking

January 3, 2024

RBI Issues Revised Instructions for Inoperative Accounts/Unclaimed Deposits in Banks

Circular No.RBI/2023-24/105 DOR.SOG (LEG).REC/64/09.08.024/2023-24, Dated … Continue reading “RBI Issues Revised Instructions for Inoperative Accounts/Unclaimed Deposits in Banks”

Blog, News, GST & Customs

January 3, 2024

GSTN Issued Advisory on Filing of Online Declaration in Annexure V and Annexure VI for GTA Taxpayers

GSTN Update dated January 1st, … Continue reading “GSTN Issued Advisory on Filing of Online Declaration in Annexure V and Annexure VI for GTA Taxpayers”

Blog, News, GST & Customs

January 3, 2024

Rs. 14.97 Lakh Crores Gross GST Collection During April-December 2023 Period | Press Release

Press Release dated January 1st, … Continue reading “Rs. 14.97 Lakh Crores Gross GST Collection During April-December 2023 Period | Press Release”

News, Blog, GST & Customs

January 3, 2024

Govt. Constitutes the Principal Bench of the Goods and Services Tax Appellate Tribunal at New Delhi

Notification No. S.O. 1(E) dated … Continue reading “Govt. Constitutes the Principal Bench of the Goods and Services Tax Appellate Tribunal at New Delhi”

News, Blog, Company Law

January 3, 2024

NCLAT Upheld Prosecution of Director for Inter-corporate Loan Violations and Failing to Seek Compounding of Offence

Case Details: Neelam Dhawan v. … Continue reading “NCLAT Upheld Prosecution of Director for Inter-corporate Loan Violations and Failing to Seek Compounding of Offence”