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Blog, News, Income Tax

February 3, 2024

Non-Renewal of Contract Doesn’t Amount to Termination; Compensation Received on Non-Renewal of Contract Isn’t Taxable

Case Details: Ms Padma Rao … Continue reading “Non-Renewal of Contract Doesn’t Amount to Termination; Compensation Received on Non-Renewal of Contract Isn’t Taxable”

Blog, News, International Tax

January 9, 2025

[World Tax News] UAE Releases Corporate Tax Guide for Tax Groups and More

World Tax News provides a … Continue reading “[World Tax News] UAE Releases Corporate Tax Guide for Tax Groups and More”

Blog, News, Income Tax

February 3, 2024

CBDT Further Extends Deadline for Processing ITRs with Refund Claims for AYs upto 2020-21 till April 30, 2024

F. NO. 225/132/2023/ITA-II dated 31-01-2024 … Continue reading “CBDT Further Extends Deadline for Processing ITRs with Refund Claims for AYs upto 2020-21 till April 30, 2024”

Blog

February 3, 2024

HC Directs Govt. to Consider Extending Benefit of Time Limit Extension to File Appeal u/s 129 and 130 of CGST Act

Case Details: Veira Electronics (P.) … Continue reading “HC Directs Govt. to Consider Extending Benefit of Time Limit Extension to File Appeal u/s 129 and 130 of CGST Act”

Blog

February 3, 2024

HC Directs GST Authorities to Furnish Entire Material Available in Support of SCN to Assessee

Case Details: Nirmal Metal v. … Continue reading “HC Directs GST Authorities to Furnish Entire Material Available in Support of SCN to Assessee”

Blog, News, Account & Audit

February 3, 2024

Accounting Treatment of Reclassification of a Financial Asset Under Ind AS 109

A company recognises its bonds … Continue reading “Accounting Treatment of Reclassification of a Financial Asset Under Ind AS 109”

Blog, News, FEMA & Banking

February 3, 2024

IFSCA Notifies Norms for Offering Payment Services in or from IFSC

Notification no. IFSCA/GN/2024/001., Dated 29.01.2024 … Continue reading “IFSCA Notifies Norms for Offering Payment Services in or from IFSC”

Blog, News, FEMA & Banking

February 3, 2024

AD Category-I Banks Can Allow India-UAE CEPA TRQ Holders to Make 11-Day Advance Payments for Gold Imports via IIBX | RBI

Circular No. RBI/2023-24/118 A.P. (DIR … Continue reading “AD Category-I Banks Can Allow India-UAE CEPA TRQ Holders to Make 11-Day Advance Payments for Gold Imports via IIBX | RBI”

News, Blog, Company Law

February 2, 2024

Belated Payment of Dividend Didn’t Exonerate Co. from Non-Compliances | Rs. 25 Lakh Penalty Was to be Upheld | SC

Case Details: Kaveri Telecom Products … Continue reading “Belated Payment of Dividend Didn’t Exonerate Co. from Non-Compliances | Rs. 25 Lakh Penalty Was to be Upheld | SC”

Blog, News, Account & Audit

February 2, 2024

Export Incentives Linked to Operations Shall be Classified as ‘Other income’ Under Ind AS 20

When a company become is … Continue reading “Export Incentives Linked to Operations Shall be Classified as ‘Other income’ Under Ind AS 20”