other topicMorris coin crypto scam – The mode of Cheating23 Jul 20220Morris coin crypto scam – The mode of Cheating Let us know how the investors were cheated in the Morris…
other topicNon Appointment of CS by Company: RCO imposed penalty of Rs. 18.23 Lakh16 Jul 20220Non Appointment of CS by Company: RCO imposed penalty of Rs. 18.23 Lakh Companies Act-2013 provides for mandatory appointment…
other topicThe 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.14 Jul 20220The Hon’ble NCLAT full bench overturns its two previous judgements to clarify that Licensor for payment “ License Fees” will…
other topicPower 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.12 Jul 20220Power of RBI to withhold remittance to be made under Automatic route to Wholly owned Subsidiary cannot be used to…
other topicRBI announces International Trade Settlement in Indian Rupees12 Jul 20221 CommentRBI announces International Trade Settlement in Indian Rupees Finally, RBI announces International Trade Settlement in Indian Rupees This means…
other topicSEBI alert public against fraudulent calls e-mails etc. about refund of money11 Jul 20220SEBI alert public against fraudulent calls e-mails etc. about refund of money Securities and Exchange Board of India…
TDSExclusion from TDS provision of Virtual Digital Assets (VDA) & the Exclusion9 Jul 20220Exclusion from TDS provision of Virtual Digital Assets (VDA) & the Exclusion TDS provision on Virtual Digital Assets (VDA)…
other topicValidity of disallowance u/s 40A(3) in respect of cash payments made over the statutory limit by the Driver of the Assessee8 Jul 20220Validity of disallowance u/s 40A(3) in respect of cash payments made over the statutory limit by the Driver of the…
other topicVivo India remitted about 50% of its turnover to China to avoid taxes: ED8 Jul 20221 CommentVivo India remitted about 50% of its turnover to China to avoid taxes: ED 1. The Enforcement Directive (ED)…
other topicFor capital Gain Exemption, possession is to be taken as purchase of a new house within a 2 years period7 Jul 20220For capital Gain Exemption, possession is to be taken as purchase of a new house within a 2 years period…
other topicLove and affection is not “Consideration” for the purpose of section 56(2)(x)6 Jul 20220Love and affection is not “Consideration” for the purpose of section 56(2)(x) Section 56(2)(x) is an interesting provision which…
other topicBUSINESS COMPLIANCE CHART FOR THE MONTH OF JULY-20225 Jul 20220BUSINESS COMPLIANCE CHART FOR THE MONTH OF JULY-2022 Compliance Date Nature of Compliances Law under which compliance is required…
other topicFor Capital Gain Exemption, Assessee need not prove that the new house was paid for by consideration/capital gains from sale of old house.4 Jul 20220For Capital Gain Exemption, Assessee need not prove that the new house was paid for by consideration/capital gains from sale of…
other topicNFRA faults IL&FS statutory auditor for deficiencies in IL&FS statutory audit27 Jun 20220NFRA faults IL&FS statutory auditor for deficiencies in IL&FS statutory audit 1. In its 390-page audit quality review…
TDSFew TDS related Amendment by Notification No. 67/2022: An overview25 Jun 20220Few TDS related Amendment by Notification No. 67/2022: An overview Income Tax Department issued Notification number 67 of 2022…
other topicNo addition can be sustained specially if appellant has fully explained the sources of each and every deposits made in his bank accounts and substantiated it with the documentary evidences.25 Jun 20220No addition can be sustained specially if appellant has fully explained the sources of each and every deposits made in…
other topicMoney don’t have colour- Capital Gain exemption available even if the house is purchased with borrowed fund23 Jun 20220Money don’t have colour- Capital Gain exemption available even if the house is purchased with borrowed fund Whether the…
other topicRefusing to condone delay can result in a meritorious matter being thrown out at the very threshold and cause of justice would be defeated23 Jun 20220Refusing to condone delay can result in a meritorious matter being thrown out at the very threshold and cause of…