• RBI

RBI mandates reporting of Foreign Exchange Transactions to Trade Repository

1 year ago

RBI mandates reporting of Foreign Exchange Transactions to Trade Repository RBI Master Direction namely Risk Management and Inter-Bank Dealings requires,…

  • Excise/Custom

Clarification on Insurance Amount and Bond Value for CCSPs & validity of Bond for AEO-LO

1 year ago

CBIC issues clarification on Insurance amount and Bond Value for Custom Cargo Service Providers CCSPs and validity of Bond for…

  • ICAI

Revised Criteria for classification of Non-company entities for applicability of AS

1 year ago

ICAI issues revised Criteria for classification of Non-company entities for applicability of Accounting Standards issued by it. The Council of…

  • MSME

Turnover limit reduced to 250 crore for companies to comply with TReDS

1 year ago

Government reduces turnover limit from Rs. 500 crores to Rs. 250 crores for applicability of Trade Receivables Discounting System platform…

  • Income Tax

Addition confirmed as assessee failed to rebut presumption drawn u/s 68 rws 69A

1 year ago

Addition confirmed by High Court as assessee failed to rebut presumption drawn u/s 68 rws 69A In a recent judgment,…

  • Excise/Custom

DRI officers competent to to issue show cause notice u/s 28 Customs Act for recovery

1 year ago

DRI officers are “proper officers” and are competent to issue show cause notice u/s 28 the Customs Act, 1962 for…

  • Income Tax

Pooja Expenses are allowable business expenditure u/s 37 of Income Tax Act

1 year ago

Pooja Expenses incurred allowable business expenditure under section 37 of the Income Tax Act, 1961 - ITAT  In a recent…

  • SEBI

SEBI directs Mutual Funds to disclose expenses, half yearly returns, risk-o-meter of schemes

1 year ago

SEBI directs Mutual Funds to disclose expenses, half yearly returns,  yield and risk-o-meter of schemes Under  the  current  regulatory  framework …

  • Income Tax

Corrigendum to rectify mistake in original assessment order was a valid order – ITAT

1 year ago

Corrigendum to issued to rectify mistake in original assessment order was a valid assessment order - ITAT  In a recent…

  • Excise/Custom

Guidelines for maintaining ease of doing business in tax evasion investigation in import/export

1 year ago

Guidelines for Customs field formations  in maintaining ease of doing business while engaging in investigation into tax evasion cases in…