• FCRA

Reasons of denial/refusal of FCRA applications for registration & renewal – illustrative list

1 year ago

FCRA has issued illustrative list of section wise reasons of denial/refusal of applications of FCRA Registration & Renewal.  Applications for…

  • Income Tax

No deemed dividend u/s 2(220(e) if funds not utilized for benefit of substantial shareholder

1 year ago

No deemed dividend u/s 2(22)(e) if funds not utilized for the benefit of the substantial shareholder - ITAT In a…

  • MCA

Rules for recruitment of Company Prosecutor in Ministry of Corporate Affairs

1 year ago

Rules for recruitment of Company Prosecutor in Ministry of Corporate Affairs MCA has notified the Ministry of Corporate Affairs, Company…

  • Income Tax

Revision u/s 263 correct as AO did not verify if land sold was beyond Municipal Limits

1 year ago

Revision u/s 263 was correct as AO did not conduct any enquiry to verify if land sold was beyond prescribed…

  • 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…