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Archive: 29 July 2023

Posts in 29 July 2023

Utility for YES Bank RTGS/NEFT

July 29, 2023 681 Views 0 comment Print

Utility tool for YES Bank customers to facilitate the process of generating NEFT/RTGS forms quickly and easily. The utility provides the following features: Purpose: Generating NEFT/RTGS forms by selecting the beneficiary’s name. Input: Beneficiary’s name, date, cheque number, and payment amount. Multiple Bank Accounts: It allows users to maintain details for multiple bank accounts for […]

SEBI Clarifies: No Plan to Curb Retail Participation in Derivative Markets

July 29, 2023 4932 Views 0 comment Print

SEBI denies any proposal to restrict retail participation in derivative markets. SEBI aims to promote ease of compliance while ensuring risk management.

ITAT Disallows Tax Exemption for Trust’s Commercial Activities

July 29, 2023 3642 Views 0 comment Print

Learn about the ITAT Chennai verdict in Palaniappa Charitable Vs ITO where income from commercial activities carried out by the trust was not considered exempted from income tax.

Orissa HC Dismisses Petition on Vehicle Registration Non-Compliance

July 29, 2023 291 Views 0 comment Print

Orissa High Court dismisses the petition filed by Khimji Super Bikes LLP against the State of Odisha and others. The court states non-compliance with the direction to file Form-F under Odisha Motor Vehicles Taxation Rules as the reason for the dismissal.

Patna HC: 4 Years Reasonable Limitation for Order u/s 201 of Income Tax Act

July 29, 2023 912 Views 0 comment Print

The Patna High Court dismisses the appeal filed by the Income Tax Department against Indian Oil Corporation Ltd. The court deems four years as a reasonable time of limitation for an order under Section 201 of the Income Tax Act.

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