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Archive: 30 September 2023

Posts in 30 September 2023

Preference for Chartered Accountants as Director (Finance): Valid & Constitutional

September 30, 2023 1140 Views 0 comment Print

Delhi High Court held that preference to Chartered Accountants over Cost Accountants for the post of Director (Finance) cannot be treated as arbitrary or violative of the Article 14 and 16 of the Constitution of India.

Employee Stock Option Expense Disallowance Unsustainable as it is revenue in nature

September 30, 2023 864 Views 0 comment Print

ITAT Mumbai held that disallowance of employee stock option expenses alleging it to be capital expenditure is unsustainable in law in as much as such expenditure are revenue in nature and hence allowable.

Difficulty in Receiving OTP for DIR-3 KYC Filing

September 30, 2023 4074 Views 0 comment Print

Learn about the challenges faced by directors in receiving OTP for filing DIR-3 KYC and the urgent need for resolution. Read more.

IFSCA Sustainable Lending Framework FAQs

September 30, 2023 360 Views 0 comment Print

Get answers to frequently asked questions (FAQs) about the IFSCA Sustainable and Sustainability-linked Lending Framework. Learn about its applicability, requirements, and more.

IFSCA Forms Fund Management Advisory Committee

September 30, 2023 486 Views 0 comment Print

IFSCA establishes a Fund Management Advisory Committee (FMAC) under Mr. N S Vishwanathan’s chairmanship to advise on fund management industry development in IFSCs.

Multipurpose Empanelment Form 2023-24 hosted at https://meficai.org

September 30, 2023 26799 Views 3 comments Print

Get ready for MEF 2023-24! Learn how to register, check eligibility, and submit your Multipurpose Empanelment Form for audit firms. Important details here.

Order passed in case of non-existing entity is null and void

September 30, 2023 1371 Views 0 comment Print

ITAT Mumbai held that entire assessment order passed in the case of non-existing entity is null and void and hence is liable to be quashed.

GST on Sale of Developed Plots and plot development service

September 30, 2023 8733 Views 0 comment Print

Explore GST implications for selling developed plots and providing development services, as discussed in AAAR Telangana order. Learn about taxation, rates, and more.

GST on incentives to dealers for achieving specific sales targets

September 30, 2023 9387 Views 0 comment Print

Explore GST implications of incentive schemes with a focus on a recent case involving Orient Cement Limited. Learn about tax obligations and more.

ACIT Vs Vahanvati Consultants Private Limited (Supreme Court of India)

September 30, 2023 540 Views 0 comment Print

ACIT Vs Vahanvati Consultants Private Limited (Supreme Court of India) The Supreme Court of India has recently made a disposition in the case of ACIT (Assistant Commissioner of Income Tax) v. Vahanvati Consultants Private Limited. The court’s decision has specific implications for the parties involved, and this article will provide an overview of the case […]

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