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Archive: July, 2023

Posts in July, 2023

Section 194S: TDS Payment on transfer of virtual digital asset

July 1, 2023 30486 Views 0 comment Print

Understand Section 194S for TDS payment on the transfer of virtual digital assets like cryptocurrencies, NFTs, and DeFi. Learn about its provisions, applicability, and the filing of Form-26QE within the specified time limit. Stay informed to navigate tax regulations in the evolving digital asset landscape.

Rise of Backdoor IPOs in India: A Cause for Concern

July 1, 2023 1362 Views 0 comment Print

Explore the rise of backdoor IPOs in India, a concerning financial trend allowing companies to bypass traditional IPO processes. Delve into implications, regulatory responses, and the crucial role of Company Secretaries in maintaining corporate governance.

Failure to collect TCS – ITAT quashes order passed beyond limitation period

July 1, 2023 333 Views 0 comment Print

In Nisarahmed Abdulsattar Vs. ITO, ITAT Ahmedabad quashes the Assessment Order for failure to collect TCS on the sale of metal scrap before the limitation period. Read the full order here.

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