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Blog, News, FEMA & Banking

July 24, 2024

IFSCA Introduces Norms for the Regulation and Supervision of Payment and Settlement Systems

Notification No. IFSCA/GN/2024/005, Dated: 12.07.2024 … Continue reading “IFSCA Introduces Norms for the Regulation and Supervision of Payment and Settlement Systems”

Blog, News, Company Law

July 24, 2024

SEBI Amends AIF Regulations, 2012 | Introduces Norms for ‘Migrated Venture Capital Funds’

Notification No. SEBI/LAD-NRO/GN/2024/194, Dated: 11.07.2024 … Continue reading “SEBI Amends AIF Regulations, 2012 | Introduces Norms for ‘Migrated Venture Capital Funds’”

Blog, Budget, Income Tax

July 22, 2024

[Analysis] Union Budget 2024 | Streamlined Tax Framework for Charitable Trusts

As the Union Budget 2024 … Continue reading “[Analysis] Union Budget 2024 | Streamlined Tax Framework for Charitable Trusts”

Blog, News, International Tax

July 22, 2024

AO Not Justified in Denying Treaty Benefits to Mauritius Co. Holding Investments in Indian Co. For More Than 5 Years | ITAT

Case Details: India Property Mauritius … Continue reading “AO Not Justified in Denying Treaty Benefits to Mauritius Co. Holding Investments in Indian Co. For More Than 5 Years | ITAT”

Blog, News, GST & Customs

July 22, 2024

HC Set Aside Order Since Appellate Authority Failed to Exercise Jurisdiction by Not Considering Condonation Application

Case Details: Gour Mohan Bera … Continue reading “HC Set Aside Order Since Appellate Authority Failed to Exercise Jurisdiction by Not Considering Condonation Application”

Blog, News, GST & Customs

July 22, 2024

HC Allowed Assessee to Seek Information From Appropriate Authority Including Correct Address of Person Mis-Using His PAN

Case Details: Gurjeet Singh v. … Continue reading “HC Allowed Assessee to Seek Information From Appropriate Authority Including Correct Address of Person Mis-Using His PAN”

News, Blog, Account & Audit

July 22, 2024

Accounting Treatment of Ineligible ITC Availed and Utilized | Ind AS Framework

As per section 17(5) of … Continue reading “Accounting Treatment of Ineligible ITC Availed and Utilized | Ind AS Framework”

Blog, News, FEMA & Banking

July 22, 2024

Govt. Revises Prevention of Money-Laundering Rules to Enforce Stringent KYC Updates by Reporting Entities

Notification No. G.S.R 419(E); Dated: … Continue reading “Govt. Revises Prevention of Money-Laundering Rules to Enforce Stringent KYC Updates by Reporting Entities”

Blog, News, Company Law

July 22, 2024

SEBI Enables Credit Rating Agencies and ESG Rating Providers to Undertake Rating Activities Under IFSCA

Circular No. SEBI/HO/DDHS/DDHS-POD3/P/CIR/2024/102; Dated: 19.07.2024 … Continue reading “SEBI Enables Credit Rating Agencies and ESG Rating Providers to Undertake Rating Activities Under IFSCA”

News, Blog, FEMA & Banking

July 22, 2024

SAFEMA Orders Release of Seized Funds | Reduces Penalty as Appellant Proves Legal Forex Acquisition During Travel Abroad

Case Details: Vaseem Kapadia v. … Continue reading “SAFEMA Orders Release of Seized Funds | Reduces Penalty as Appellant Proves Legal Forex Acquisition During Travel Abroad”