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Blog, News, Income Tax

December 10, 2024

MMR Includes Surcharge for Highest Income Slab Despite Assessee’s Income Being Below Rs. 50 Lakhs | ITAT

Case Details: Clestra Foundation vs. … Continue reading “MMR Includes Surcharge for Highest Income Slab Despite Assessee’s Income Being Below Rs. 50 Lakhs | ITAT”

News, Blog, Income Tax

December 9, 2024

[Opinion] Dwelling on the Disputes – ‘Residential Houses’ and Exemptions Under Sections 54 and 54F

Dr Neha Pathakji – [2024] … Continue reading “[Opinion] Dwelling on the Disputes – ‘Residential Houses’ and Exemptions Under Sections 54 and 54F”

Blog, News, GST & Customs

December 9, 2024

Initiation of an Enquiry or Summons Under CGST Cannot Be Considered as Initiation of Proceedings | HC

Case Details: K.T. Saidalavi v. … Continue reading “Initiation of an Enquiry or Summons Under CGST Cannot Be Considered as Initiation of Proceedings | HC”

Blog, News, GST & Customs

December 9, 2024

Mismatch Between GSTR-3B and GSTR-1 Does Not Invoke Section 74 Without Fraud or Suppression of Facts | HC

Case Details: Xiaomi Technology India … Continue reading “Mismatch Between GSTR-3B and GSTR-1 Does Not Invoke Section 74 Without Fraud or Suppression of Facts | HC”

Blog, News, Income Tax

December 9, 2024

No Concealment Penalty If Additions Made on Estimation and AO Failed to Prove Concealment of Income | ITAT

Case Details: ITO vs. Sunil … Continue reading “No Concealment Penalty If Additions Made on Estimation and AO Failed to Prove Concealment of Income | ITAT”

News, Blog, Competition Law

December 9, 2024

WhatsApp’s Updated Privacy Policy Mandating Data Sharing for Non-Service Purposes Violates Section 4

Case Details: Updated Terms of … Continue reading “WhatsApp’s Updated Privacy Policy Mandating Data Sharing for Non-Service Purposes Violates Section 4”

Blog, News, FEMA & Banking

December 9, 2024

RBI Hikes the Limit for Collateral-Free Agricultural Loans from 1.6 Lakh to 2 Lakh Per Borrower

Circular No. RBI/2024-2025/96 FIDD.CO.FSD.BC.No.10/05.05.010/2024-25; Dated: … Continue reading “RBI Hikes the Limit for Collateral-Free Agricultural Loans from 1.6 Lakh to 2 Lakh Per Borrower”

Blog, News, FEMA & Banking

December 7, 2024

Central Govt. Notifies Pension Fund Schemes as ‘Financial Products’ Under IFSCA Act, 2019, Effective Immediately

Notification No. S.O. 5241(E)., Dated … Continue reading “Central Govt. Notifies Pension Fund Schemes as ‘Financial Products’ Under IFSCA Act, 2019, Effective Immediately”

Blog, News, FEMA & Banking

December 7, 2024

RBI Raises Interest Rate Ceilings on Foreign Currency (Non-Resident) Accounts (Banks) Deposits Effective from 06.12.2024

Circular No. RBI/2024-25/94 DoR.SPE.REC.No.51/13.03.00/2024-2025, Dated … Continue reading “RBI Raises Interest Rate Ceilings on Foreign Currency (Non-Resident) Accounts (Banks) Deposits Effective from 06.12.2024”

Blog, News, FEMA & Banking

December 7, 2024

RBI Keeps Repo Rate Unchanged at 6.50 Percent

Press Release: 2024-2025/1646 , Dated … Continue reading “RBI Keeps Repo Rate Unchanged at 6.50 Percent”