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Blog, News, Account & Audit

September 25, 2023

ICAI Seeks Suggestions for Pre-Budget Memorandum – 2024

The Direct Tax Committee of … Continue reading “ICAI Seeks Suggestions for Pre-Budget Memorandum – 2024”

News, Blog, Account & Audit

September 25, 2023

Accounting of Significant Financing Component Under Ind AS 115 When Customer Pays at a Later Date

Para 61 of Ind AS … Continue reading “Accounting of Significant Financing Component Under Ind AS 115 When Customer Pays at a Later Date”

Blog, News, International Tax

September 25, 2023

Project-Specific Services Provided in Relation to ‘Statue of Liberty’ Can’t be Subject to FIS Under India-USA DTAA

Case Details: Michael Graves Design … Continue reading “Project-Specific Services Provided in Relation to ‘Statue of Liberty’ Can’t be Subject to FIS Under India-USA DTAA”

Blog, News, Income Tax

September 25, 2023

CBDT Notifies NBFCs Classified into Top, Upper and Middle Layers for the Purpose of Sec. 43B & Sec. 43D

Notification No. 79/2023 & Notification … Continue reading “CBDT Notifies NBFCs Classified into Top, Upper and Middle Layers for the Purpose of Sec. 43B & Sec. 43D”

Blog, News, Income Tax

September 23, 2023

ITAT Restricts Sec. 69A Additions as It Was Impossible for NRI to Furnish Evidence for Cash Gifts Received on Marriage

Case Details: Karthick Natarajan v. … Continue reading “ITAT Restricts Sec. 69A Additions as It Was Impossible for NRI to Furnish Evidence for Cash Gifts Received on Marriage”

News, Blog, GST & Customs

September 23, 2023

Closure of Business & Lack of Employees to Log in GST Portal Regularly is Reasonable Explanation for Delay in Filing Appeal | HC

Case Details: SRM Engineering Construction … Continue reading “Closure of Business & Lack of Employees to Log in GST Portal Regularly is Reasonable Explanation for Delay in Filing Appeal | HC”

Blog, News, GST & Customs

September 23, 2023

[Opinion] Blocking of ITC Without Investigation – Unlawful

Mahi Yadav – [2023] 154 … Continue reading “[Opinion] Blocking of ITC Without Investigation – Unlawful”

Blog, News, FEMA & Banking

September 23, 2023

RBI Releases Directions for All India Financial Institutions Regarding Basel III Capital Framework, Exposure Norms, etc.

Circular No. RBI/DoR/2023-24/105 DoR.FIN.REC.40/01.02.000/2023-24 & … Continue reading “RBI Releases Directions for All India Financial Institutions Regarding Basel III Capital Framework, Exposure Norms, etc.”

Blog, News, Company Law

September 23, 2023

SEBI Approves Flexibility in Framework for Large Corporates to Raise Funds via Issuance of Debt Securities

PR No. 21/2023; Dated: 21.09.2023 … Continue reading “SEBI Approves Flexibility in Framework for Large Corporates to Raise Funds via Issuance of Debt Securities”

Blog, News, Company Law

September 23, 2023

Shri Kamlesh Chandra Varshney Takes Charge as a Whole-Time Member of SEBI

PR No. 21/2023; Dated: 21.09.2023 … Continue reading “Shri Kamlesh Chandra Varshney Takes Charge as a Whole-Time Member of SEBI”