Tax Audit Checklist on Clause 22 of Form 3CD under the Income Tax Act, 1961

Under clause 22 of Form 3CD the tax auditor is…

Compensation Received From Flipkart for Diminution in Value of ESOPs Is Taxable as Perquisite | HC

Case Details: Nishithkumar Mukeshkumar Mehta vs. DCIT - [2024] 165…

Delhi HC Quashes GST Registration Cancellation as There Was Procedural Lapse by CGST Officer

Case Details: Abhishek Appliance (P.) Ltd. v. Assistant Commissioner, CGST…

Matter Remanded Back by High Court Where Hearing Opportunity Was Not Granted to Taxpayer

Case Details: Kloud Data Labs (P.) Ltd. v. Deputy Commissioner…

RBI Sets 75% Risk Weight for Standard Real Estate Loans by Housing Finance Companies

Circular No. RBI/2024-25/62 DOR.CRE.REC.33/08.12.001/2024-25; Dated: 12.08.2024 RBI has updated the…

RBI Mandates Deposit-Taking Housing Finance Companies to Maintain Liquid Assets to Extent of 15% of Public Deposits

Circular No. RBI/2024-25/61 DOR.FIN.REC.No.34/03.10.136/2024-25, Dated: 12.08.2024 Earlier, the RBI advised…

Foreign Cos. Must Now File Form FC-1 With CRC Within 30 Days of Setting Up Business in India, Effective Sep 9, 2024

Notification No. G.S.R 491(E); Dated: 12.08.2024 The MCA has notified…

CRAC Financial Reporting | Considerations for Standalone and Consolidated Statements

ABC Corporation is a life insurance Company engaged in the…