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Archive: 16 June 2023

Posts in 16 June 2023

SEBI Circular on Adherence to Regulation 51A for Online Bond Platform Providers

June 16, 2023 2469 Views 0 comment Print

SEBI has issued a circular addressing the adherence to Regulation 51A of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 by Online Bond Platform Providers. This circular outlines the restrictions on product offerings, divestment requirements, and permissions for offering certain securities on online bond platforms. The circular highlights the need for Online Bond […]

SEBI Circular on Amendment to AML/CFT Guidelines for Securities Market Intermediaries

June 16, 2023 1446 Views 0 comment Print

Latest circular issued by SEBI regarding amendment to Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) for securities market intermediaries. Stay updated with the changes and ensure compliance with the new rules.

GST e-Invoicing Enablement Status: Lowered Threshold & Compliance Guidelines

June 16, 2023 2904 Views 0 comment Print

Read the advisory regarding the update on e-Invoicing enablement status for taxpayers. The notification highlights the lowered threshold for e-Invoicing and provides guidelines for compliance. Check your enablement status on the e-Invoice portal and utilize the sandbox testing facility for a seamless transition.

Consultation Paper on Framework for Grading of Real Estate Projects in Maharashtra

June 16, 2023 717 Views 0 comment Print

Introduction: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has released a consultation paper on the framework for grading real estate projects in Maharashtra. This initiative aims to enhance transparency and enable homebuyers to assess the quality of projects and make informed decisions. MahaRERA has outlined the need for grading, provided examples from international and national […]

NPS/APY Functionalities released by CRAs during Quarter IV (FY 2022-23)

June 16, 2023 465 Views 0 comment Print

Functionalities released by Central Record Keeping Agencies (CRAs) for NPS/APY stakeholders during Quarter IV of FY 2022-23.

Addition for cash deposited in Bank: ITAT Remits the Case for Further Adjudication

June 16, 2023 2292 Views 0 comment Print

ITAT Amritsar’s decision in the case of Hari Chand Vs ITO. The appeal challenged the addition of unexplained cash deposits and undisclosed interest income. The ITAT remitted the case back to the AO for further adjudication, emphasizing the need for proper verification and a reasonable opportunity for the assessee. Gain insights into the grounds raised by the assessee and the arguments presented by both parties in this case.

Comprehensive Guide to MSME Udyam Registration: Benefits & Process

June 16, 2023 1842 Views 0 comment Print

Learn about the importance of Udyam Registration for Micro, Small, and Medium Enterprises (MSMEs) in India. Discover the benefits it offers, including access to government schemes, collateral-free loans, protection against delayed payments, and priority in government procurement. Follow the step-by-step process to register under the new Udyam Registration scheme and unlock opportunities for market expansion, international recognition, and compliance ease.

AO cannot take the position of business man to ascertain GP ratio

June 16, 2023 2175 Views 0 comment Print

ITAT upheld the decision of the Commissioner, who had correctly deleted the addition made by the Assessing Officer. The Assessing Officer had added the differential margin to the assessee’s income based solely on a comparison between industry gross margin and the assessee’s gross margin, without conducting a thorough analysis of the assessee’s business strategy.

Specimen of the Letter of Offer to Prospective Company Secretary

June 16, 2023 1848 Views 0 comment Print

Explore a specimen of an offer letter for a Company Secretary position. Learn about salary, benefits, leave, and responsibilities. Ensure compliance with legal regulations. Acceptance required within seven days.

ICAI Removes name of two Chartered Accountants from Register of Members

June 16, 2023 5139 Views 0 comment Print

Institute of Chartered Accountants of India (ICAI) has issued notifications regarding the removal of CA Basudeb Mukhopadhyay and CA Subodh Kumar Maheshwari from the Register of Members. These disciplinary actions have been taken based on findings of professional misconduct and other misconduct, as determined by the Disciplinary Committee of the ICAI. CA Basudeb Mukhopadhyay, whose […]

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