MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 59/2022-Income Tax | Dated: 6th June, 2022 S.O. 2602(E).—In exercise of the powers conferred by sub-section (8A) of section 9A of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Act), the Central Government hereby specifies that […]
SC held that Parties cannot rely upon the definitions of ‘terrorism’ in penal statutes since the Exclusion Clause contains an exhaustive definition.
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SC held that when 90% or more of the creditors decide that it will be in the interest of all the stake¬holders to permit Settlement Plan filed by promoter of the Corporate Debtor and withdraw Corporate Insolvency Resolution Process as per Section 12A of IBC, 2016, NCLT or NCLAT cannot sit in appeal over such commercial wisdom of Committee of Creditors.
Assessee was neither entitled to deduction under section 80P(2Xd) nor under section 80P(2)(a)(i) in respect of interest income earned from investments with Cooperative Banks such interest income was to be assessed as income from other sources.
Applications are invited from eligible Chartered Accountant Firms for empanelment as Concurrent Auditors in the identified Bank branches/ outfits. Proforma for application, eligibility criteria and other details are available under Procurement News in Bank’s website www.sbi.co.in.
Unlock the secrets of financial reporting for non-corporate entities with our comprehensive guide. Learn about the recommended formats for balance sheets and profit and loss statements, and understand the disclosure requirements. Explore the impact of recent initiatives by the Accounting Standard Board of ICAI on non-corporate entities’ financial statements. From understanding levels of applicability to detailed instructions for preparation, our guide empowers you with the knowledge needed for transparent, comparable, and unbiased financial reporting.
सरकार द्वारा समय समय पर किए गए उपायों के बावजूद सिसक सिसक कर बढ़ रहा प्रापर्टी मार्केट फिर कराहने लगा है. ऐसा नहीं की सरकारें इस क्षेत्र को उठाने और बढ़ाने का भरसक प्रयास कर रही है, लेकिन ये पर्याप्त नहीं दिख रहे हैं. हम सभी भलिभांति परिचित है कि रीयल एस्टेट सेक्टर न केवल […]
Reserve Bank of India RBI/2022-23/61 DOR.STR.REC.40/21.04.048/2022-23 June 6, 2022 All Non-Banking Financial Companies (Including Housing Finance Companies) Madam / Dear Sir, Provisioning for Standard assets by Non-Banking Financial Company – Upper Layer Please refer to the circular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on “Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs” wherein it was inter […]
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