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News, Blog, Income Tax

June 13, 2022

Provisions of sec. 40A(3) not applicable if assessee made cash payment for purchase of stock-in-trade: ITAT

Case Details: Vikrant Happy Homes … Continue reading “Provisions of sec. 40A(3) not applicable if assessee made cash payment for purchase of stock-in-trade: ITAT”

Blog, News, Account & Audit

June 13, 2022

An Overview of Internal Financial Controls over Financial Reporting

Introduction The auditor has to … Continue reading “An Overview of Internal Financial Controls over Financial Reporting”

Blog, News, FEMA & Banking

June 13, 2022

Now authorized persons need not file a return disclosing detail of guarantee availed & invoked from NR entities: RBI

Circular no. RBI/2022-23/69 A.P. (DIR … Continue reading “Now authorized persons need not file a return disclosing detail of guarantee availed & invoked from NR entities: RBI”

Blog, News, Insolvency and Bankruptcy Code

June 13, 2022

IBBI proposes a minimum fixed fee structure for Insolvency Professionals

Discussion Paper on Remuneration of … Continue reading “IBBI proposes a minimum fixed fee structure for Insolvency Professionals”

Blog, News, Company Law

June 13, 2022

Govt. tweaks norms relating to the removal of names of companies from the registrar of Cos.

NOTIFICATION No. G.S.R. 436(E). Dated … Continue reading “Govt. tweaks norms relating to the removal of names of companies from the registrar of Cos.”

Blog, News, GST & Customs

June 10, 2022

Uniformity in GST law | Difficult proposition for govt. to observe the concept of ‘one nation one tax’

Mukul Gupta & Prateek Gupta … Continue reading “Uniformity in GST law | Difficult proposition for govt. to observe the concept of ‘one nation one tax’”

Blog, News, GST & Customs

June 10, 2022

HC permitted assessee to approach dept. for lifting of bank attachment

Case Details: Forte Solutions (P.) … Continue reading “HC permitted assessee to approach dept. for lifting of bank attachment”

Blog, News, International Tax

June 10, 2022

Commission received by FII/FPI from Indian Mutual Funds not taxable in India: ITAT

Case Details: DCIT v. Credit … Continue reading “Commission received by FII/FPI from Indian Mutual Funds not taxable in India: ITAT”

News, Blog, Income Tax

June 10, 2022

New Scheme of Reassessment – Good Intent, Faulty Implementation

Sachin Garg & Sidharth Sipani … Continue reading “New Scheme of Reassessment – Good Intent, Faulty Implementation”

Blog, News, FEMA & Banking

June 10, 2022

DRT has no power under any other law to restrain any person from travelling abroad: Bombay HC

Case Details: Anurag v. Bank … Continue reading “DRT has no power under any other law to restrain any person from travelling abroad: Bombay HC”