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Archive: 03 May 2023

Posts in 03 May 2023

SEBI introduces LEI for non-convertible securities, securitised debt instruments & security receipts

May 3, 2023 1119 Views 0 comment Print

LEI is a unique global identifier for legal entities participating in financial transactions. LEI is designed to create a global reference data system that uniquely identifies every legal entity, in any jurisdiction, that is party to a financial transaction.

Goods seized for Undervaluation – CESTAT relaxes conditions for release

May 3, 2023 504 Views 0 comment Print

The charge of under valuation cannot be established without challenging the assessment made by the assessing group as per the procedure prescribed. It is not the case where the goods where being cleared on the basis of the declared value but were being cleared on the basis of the assessed value on the payment of assessed duty.

Forfeiture of Earnest Money Deposit is allowable Expenditure

May 3, 2023 1365 Views 0 comment Print

Assessee tried to recover forfeited money and when all efforts to recover forfeited money went in vain the same been claimed as expenditure

Acceptance of Electronic Certificate of Origin issued under India-Sri Lanka FTA

May 3, 2023 1875 Views 0 comment Print

It is hereby clarified that an electronic certificate of origin or e-CoO, issued by the Issuing Authority of Sri Lanka, is a valid document for the purpose of claiming preferential benefit under the India-Sri Lanka FTA subject to it having been issued in the prescribed format, bearing seal and signatures of the authorized signatory of the Issuing Authority

Old Vs New Income Tax Regime Which Tax Regime is better?

May 3, 2023 37689 Views 18 comments Print

Explore the old vs new income tax regime for FY 2023-24. Compare tax slabs, benefits, exemptions, and deductions to determine which regime is better for you. Make an informed decision with expert insights.

ESOP Adoption Stories In India and Other Countries

May 3, 2023 1221 Views 0 comment Print

ESOP or Employee Stock Ownership Plan is a non-monetary incentive wherein employees are made avail of choice regarding the shares of the employers.

Bangalore Water Supply & Sewerage Board Vs. R. Rajappa (Supreme Court)

May 3, 2023 1428 Views 0 comment Print

SC in Bangalore Water Supply & Sewerage Board, Etc. Vs. R. Rajappa & Others case looked at the definition of industry under section 2(j) of Industrial Disputes Act of 1947.

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