Large scale round tripping in gems and jewellery: CAG asks for a detailed investigation by tax authorities
The Customs Receipt Audit unit of the Comptroller and Auditor General of India (CAG) as well as the Directorate of Revenue Intelligence ...
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The Blogs
Procedure for Payment of TDS demand on sale of Property
Procedure for Payment of TDS demand on sale of Property
If Seller/Deductee is a resident of India:
The Finance Act 2013 introduced section 194IA applicable w.e.f. 01.06.2013, wherein TDS is applicable on sale of immovable property where the sale consideration of ...
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Consolidated Master direction from RBI to Banks on MSME credit.
Consolidated Master direction from RBI to Banks on MSME credit.
RBI/FIDD/2017-2018/56
Master Direction FIDD.MSME & NFS.12/06.02.31/2017-18 July 24, 2017 (Updated as on July 29, 2022)
(Updated as on April 25, 2018)
The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial ...
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Chinese Loan App racket Scam and the Modus Operandi
Chinese Loan App racket Scam and the Modus Operandi
Mumbai Police on Friday, 29th July 2022 busted a loan app racket in which the Cyber crime branch arrested 14 accused across India.
Modus operandi of the racket unearthed by the Police:
1. A ...
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PRESUMPTION OF CONSTRUCTIVE NOTICE CONCERNING THE TRANSFER OF PROPERTY ACT, 1882.
PRESUMPTION OF CONSTRUCTIVE NOTICE CONCERNING THE TRANSFER OF PROPERTY ACT, 1882.
PRESUMPTION OF CONSTRUCTIVE NOTICE CONCERNING THE TRANSFER OF PROPERTY ACT, 1882.
Dear Friends,
As you are aware that there are many malpractices are going on in real estate sector. Some of ...
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FAQs ON DIR – 3 KYC – PART 1
FAqs on Dir – 3 KYC – Part 1
FAqs on Dir – 3 KYC – Part 1
Important Questions on Filing of DIR-3 KYC
Q1.What is the due date for filing DIR-3 KYC?
Ans.: Due date for filing the KYC form is ...
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NOC for closure of capital gain account not obtained –Whether exemption U/s 54 can be denied?
NOC for closure of capital gain account not obtained –Whether exemption U/s 54 can be denied?
Whether exemption U/s 54 can be denied if NOC for closure of capital gain account is not obtained by the taxpayers? This was the ...
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“Har Ghar Tiranga – Ghar Ghar Tiranga” campaign eligible for CSR deduction: Next Big move towards building patriotism
“Har Ghar Tiranga - Ghar Ghar Tiranga" campaign eligible for CSR deduction: Next Big move towards building patriotism
Har Ghar Tiranga- Ghar Ghar Tiranga" is the next slogan that all Indians will proudly & happily say in the next couple ...
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Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2021- 22 – conduct of assessment proceedings in such cases
Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2021- 22 - conduct of assessment proceedings in such cases
The CBDT has issued the guidelines for compulsory selection of returns for Complete Scrutiny during the Financial ...
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Morris coin crypto scam – The mode of Cheating
Morris coin crypto scam - The mode of Cheating
Let us know how the investors were cheated in the Morris Crypto Scam.
The accused promoters allegedly collected deposits from investors under the guise of an Initial Coin Offer (ICO) for ...
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Non Appointment of CS by Company: RCO imposed penalty of Rs. 18.23 Lakh
Non Appointment of CS by Company: RCO imposed penalty of Rs. 18.23 Lakh
Companies Act-2013 provides for mandatory appointment of the Company Secretary (CS) for certain categories of the persons. Non appointment of the CS results in the penalty on ...
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The Hon’ble NCLAT full bench overturns its two previous judgements to clarify that Licensor for payment “ License Fees” will be treated as Operational Creditor and “ License Fees” is an Operational Debt.
The Hon’ble NCLAT full bench overturns its two previous judgements to clarify that Licensor for payment “ License Fees” will be treated as Operational Creditor and “ License Fees” is an Operational Debt.
JAIPUR TRADE EXPOCENTRE PVT. LTD. V. ...
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Power of RBI to withhold remittance to be made under Automatic route to Wholly owned Subsidiary cannot be used to reject the remittance on whimsical and arbitrary reasons.
Power of RBI to withhold remittance to be made under Automatic route to Wholly owned Subsidiary cannot be used to reject the remittance on whimsical and arbitrary reasons.
Reserve Bank of India Vs Jindal STeel and Power Limited
Delhi High Court
Dated: ...
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RBI announces International Trade Settlement in Indian Rupees
RBI announces International Trade Settlement in Indian Rupees
Finally, RBI announces International Trade Settlement in Indian Rupees
This means any country purchasing any good will have to go to World Bank exchange their currency into INR and then they will have ...
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SEBI alert public against fraudulent calls e-mails etc. about refund of money
SEBI alert public against fraudulent calls e-mails etc. about refund of money
Securities and Exchange Board of India (SEBI) plays an important role in regulating all the players operating in the Indian capital market. SEBI is a statutory body and ...
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Exclusion from TDS provision of Virtual Digital Assets (VDA) & the Exclusion
Exclusion from TDS provision of Virtual Digital Assets (VDA) & the Exclusion
TDS provision on Virtual Digital Assets (VDA) is applicable from 1st July 2022. In view of this, a timely two notifications are issued by the Ministry of Finance ...
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Validity of disallowance u/s 40A(3) in respect of cash payments made over the statutory limit by the Driver of the Assessee
Validity of disallowance u/s 40A(3) in respect of cash payments made over the statutory limit by the Driver of the Assessee
Section 40A(3) presently provides that the expenses will not be allowed as deduction if the payment is done in ...
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Vivo India remitted about 50% of its turnover to China to avoid taxes: ED
Vivo India remitted about 50% of its turnover to China to avoid taxes: ED
1. The Enforcement Directive (ED) announced today that Chinese phone maker Vivo has remitted a whooping 50 % of its turnover from India operations, worth Rs ...
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