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Archive: July, 2023

Posts in July, 2023

SEBI (Alternative Dispute Resolution Mechanism) (Amendment) Regulations, 2023

July 3, 2023 3504 Views 1 comment Print

Read the latest notification by the Securities and Exchange Board of India (SEBI) regarding the amendments to the Alternative Dispute Resolution Mechanism Regulations. Learn about the inclusion of mediation, conciliation, and arbitration for resolving disputes in the securities market.

SEBI (Credit Rating Agencies) (Amendment) Regulations, 2023

July 3, 2023 5514 Views 0 comment Print

Gain insights into SEBI (Credit Rating Agencies) (Amendment) Regulations, 2023 for ESG rating providers. This analysis explores the applicability, registration process, categories, conditions, code of conduct, and more, ensuring transparency and reliability in ESG ratings.

IFSCA (Capital Market Intermediaries) (Amendment) Regulations, 2023

July 3, 2023 1071 Views 0 comment Print

The International Financial Services Centres Authority (IFSCA) has issued a notification announcing the introduction of the International Financial Services Centres Authority (Capital Market Intermediaries) (Amendment) Regulations for the year 2023. These amendments aim to bring important changes to the regulations governing capital market intermediaries operating within the international financial services centres. In this article, we […]

FLDG Model and Fintech-Bank Collaboration in India

July 3, 2023 2337 Views 0 comment Print

Explore the evolution of FLDG Model and Fintech-Bank collaboration in India. Learn about the initial challenges, the introduction of FLDG, concerns raised, RBIs intervention, and the recent guidelines, promoting responsible lending practices. Discover how these norms create opportunities for fintech innovation and contribute to the growth of the sector.

Understanding Foreign Corrupt Practices Act (FCPA) and Its Global Implications

July 3, 2023 2505 Views 0 comment Print

Discover the Foreign Corrupt Practices Act (FCPA), the prime Anti-Bribery legislation of the United States with global implications. Learn about its objectives, provisions, entities covered, and enforcement agencies. Gain insights into the historical background, amendments, and the importance of compliance with FCPA guidelines.

Important Deadlines in July 2023: ITR Filing, EPFO Pension, TDS, and More

July 3, 2023 2949 Views 0 comment Print

Stay updated with the critical deadlines in July 2023. Learn about the income tax return (ITR) filing, EPFO pension contribution, TDS submission, and PAN-Aadhaar linking. Ensure compliance to avoid penalties.

Addition towards cash deposited during demonetization set aside for de novo proceedings

July 3, 2023 14262 Views 0 comment Print

ITAT Lucknow sets aside additions made for cash deposits during demonetization in Shiva Goods Carrier Pvt Ltd vs DCIT, orders de novo proceedings under section 68 of the Income Tax Act.

Demand on semi-finished and finished goods not sustained as goods exported on payment of duty

July 3, 2023 1128 Views 0 comment Print

CESTAT Chennai held that duty demand on semi-finished goods and finished goods not sustainable as goods are exported on payment of duty under section 3(1) of the Central Excise Act, 1944.

Land transferred at the time of execution of Development Agreement cannot be taxed in year of Sale Agreement

July 3, 2023 6180 Views 0 comment Print

ITAT Mumbai held that land was transferred to the builder/ developer at the time of execution of Development Agreement i.e. 18/01/2008 and accordingly, the same cannot be taxed in the year of agreement of sale i.e. A.Y. 2010-2011.

Exemption u/s 11 available against receipt of trust from activities like sale of plots/ flats

July 3, 2023 2649 Views 0 comment Print

ITAT Chandigarh held that receipts of the assessee trust from its activities of sale of plots, flats and commercial booths and also its income earned form non-construction fee, transfer fee, penal interest and compounding fee, etc., are held to be entitled for exemption under Section 11 of the I.T. Act.

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