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News, Blog, GST & Customs

May 8, 2023

GSTN Issues New Advisory for Timely Filing of GST Returns

GSTN Update dated May 4th, … Continue reading “GSTN Issues New Advisory for Timely Filing of GST Returns”

Blog, News, FEMA & Banking

May 8, 2023

MoF Permits 22 Reporting Entities to Perform Authentication under the Aadhaar Act, 2016

Notification No. S.O. 2119(E); dated: … Continue reading “MoF Permits 22 Reporting Entities to Perform Authentication under the Aadhaar Act, 2016”

Blog, News, Income Tax

May 8, 2023

Sec. 56(2)(viia) would Prevail over Sec. 47(vi) if Shares are Transferred on Account of Amalgamation: ITAT

Case Details: ACIT v. Vertex … Continue reading “Sec. 56(2)(viia) would Prevail over Sec. 47(vi) if Shares are Transferred on Account of Amalgamation: ITAT”

Blog, News, FEMA & Banking

May 8, 2023

RBI Updates KYC Instructions on Wire Transfer to Align with FATF Recommendation

Circular No. RBI/2023-24/25 DOR.AML.REC.13/14.01.001/2023-24; dated: … Continue reading “RBI Updates KYC Instructions on Wire Transfer to Align with FATF Recommendation”

Blog, News, GST & Customs

May 8, 2023

HC Orders Response to GST Summons by Empowered Officer for Evidence Collection

Case Details: Bankipore Club Ltd. … Continue reading “HC Orders Response to GST Summons by Empowered Officer for Evidence Collection”

Blog, News, Account & Audit

May 8, 2023

[Checklist] for Verification of Items of Revenue to be Followed by the Auditor

As part of their duties, … Continue reading “[Checklist] for Verification of Items of Revenue to be Followed by the Auditor”

News, Blog, Insolvency and Bankruptcy Code

May 8, 2023

IBBI Invites Public Comments on the Regulations Notified under the Code Till Date

Press Release No. IBBI/PR/2023/05, Dated … Continue reading “IBBI Invites Public Comments on the Regulations Notified under the Code Till Date”

Blog, News, International Tax

May 8, 2023

[World Tax News] UAE Issues List when a Natural Person’s Presence Doesn’t Result in a PE and more…

Editorial Team – [2023] 150 … Continue reading “[World Tax News] UAE Issues List when a Natural Person’s Presence Doesn’t Result in a PE and more…”

Blog, News, Insolvency and Bankruptcy Code

May 8, 2023

Penal Interest Aaid as Liquidated Damages for Breach of Contract can’t be Termed as a Financial Debt: NCLAT

Case Details: Budhpur Buildcon (P.) … Continue reading “Penal Interest Aaid as Liquidated Damages for Breach of Contract can’t be Termed as a Financial Debt: NCLAT”

Blog, News, FEMA & Banking

May 5, 2023

Practicing CA/CS/CMAs under the scanner with new PMLA amendment

1. Introduction Money laundering is … Continue reading “Practicing CA/CS/CMAs under the scanner with new PMLA amendment”