HC Stays CBIC Circular on Corporate Guarantee; Allows Authority to Decide Case Without Being Influenced by Clarification
Case Details: M/S Acme Cleantech Solutions Pvt Ltd v. Union…
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. Assistant Commissioner of Income-tax -…
May 6, 2024
[Opinion] Section 170A | Effect of Order of Tribunal or Court in Respect of Business Reorganization
CA Amarbir Singh Walia - [2024] 162 taxmann.com 81 (Article)…
May 6, 2024
[Opinion] The Verdict Under Scrutiny | The Saga of Madras High Court Decision for GST on Hostels
CA Yash Shah - [2024] 162 taxmann.com 113 (Article) The…
May 6, 2024
Exploring the Nature of Social Security Scheme Trust Fund | Defined Benefit or Contribution Plans
According to Ind AS 19, "Employee Benefits," a "Defined contribution…
May 6, 2024
Ind AS 21 | Handling Foreign Exchange Gains/Losses from Payables for Capital Goods/Services
For long-term foreign currency payables or monetary items recognized under…
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: 03.05.2024 RBI has revised the…
May 6, 2024
RBI Releases Draft Guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning’
Press Release No. 2024-2025/244; Dated: 03.05.2024 RBI has released draft…
May 6, 2024
IFSCA Allows SEBI-Registered Non-Bank Entities as FPIs to Issue Derivative Instruments in GIFT-IFSC
Circular No. IFSCA/CMD-DMIIT/NBE-DI/2024-25/001; Dated: 02.05.2024 IFSCA has allowed IFSCA-registered non-bank…
May 6, 2024
IFSCA Enables NRIs and OCIs to Invest in Indian Securities Through Schemes or Funds Established in IFSC
Circular No. F. No. IFSCA-IF-10PR/2/2024-Capital Markets; Dated: 02.05.2024 IFSCA has…
May 6, 2024