All about Legal Entity Identifier (LEI)

All about Legal Entity Identifier (LEI) Legal entity identifier (LEI) is now another requirement from the borrower by the bank. It is mandatory for transactions in interest rate, forex and credit derivative market. The Reserve Bank of India (RBI) has also ...
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Legitimate Tax Planning is not illegal

Legitimate Tax Planning is not illegal "You must pay taxes. But there's no law that says you gotta leave a tip." Morgan Stanley. Legitimate tax planning is the rights of the taxpayers & can result in reduction in tax liabilities. Tax saved is ...
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Related Party Transactions By CS. Devershi Gupta

Related Party Transactions By CS. Devershi Gupta With the growing participation of investors and other stakeholders in companies, the question of transparency in arrangements with related parties often becomes a topic of debate and discussion. Section 188 of the Companies ...
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Rights & Duties of the Taxpayers

Rights & Duties of the Taxpayers Government has issued a “Taxpayers Charter” to take care of the rights and duties of the taxpayers and to ensure better administration and Governance by the Tax Authorities. It elaborates taxpayer’s rights and obligations ...
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GST on sale of Plots: Landmark Ruling by AAR, MP

GST on sale of Plots: Landmark Ruling by AAR, MP   The applicability of GST on the under development plot has been issue of controversy and litigation after the judgment by Gujrat AAR that sale of under-developing plot tantamount to supply ...
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DGGI Meerut Zonal Unit found entity engaged in supply of Laminates to many non-existent/dummy firms having taxable value of more than Rs. 5000 crores [ITC of Rs.900 crores (approx.)]

DGGI Meerut Zonal Unit found entity engaged in supply of Laminates to many non-existent/dummy firms having taxable value of more than Rs. 5000 crores [ITC of Rs.900 crores (approx.)] Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes ...
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