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Archive: 31 October 2023

Posts in 31 October 2023

Insolvency Professional Cautioned for negligent Handling of Doubtful Assets

October 31, 2023 807 Views 0 comment Print

Insolvency and Bankruptcy Board of India (IBBI) has cautioned Mr. Ramit Rastogi, an Insolvency Professional, for negligent handling of doubtful assets in a corporate insolvency case

Money Laundering: A Critical Study of Regulatory Framework

October 31, 2023 1605 Views 0 comment Print

Explore critical study of money laundering, its regulatory framework, challenges, and role of emerging technologies. Learn how public awareness and education can help combat this financial crime.

Cross-Border Insolvency: Challenges, Laws and Solutions

October 31, 2023 810 Views 0 comment Print

Discover complexities of cross-border insolvency, legal framework, and global solutions. Explore impact on Indian law and international cooperation.

Regulation of Payment Aggregator – Cross Border (PA – Cross Border)

October 31, 2023 3618 Views 0 comment Print

Explore RBI’s latest regulations on Payment Aggregator-Cross Border (PA-CB) transactions for import/export activities. Learn about guidelines, authorization, net worth criteria, and more.

IGST @ 18% leviable on import of Nutritional Supplements

October 31, 2023 882 Views 0 comment Print

CESTAT Ahmedabad held that Nutritional Supplements classifiable under heading 2106 9099 fall under Serial No. 453 of Schedule III of the Notification 1/2017-IGST. Accordingly, IGST @18% is payable and not @28%. Accordingly, demand of differential custom duty unsustainable.

Disallowance u/s 57(iii) just because interest earned not equal to percentage of interest expenditure incurred unsustainable

October 31, 2023 2241 Views 0 comment Print

ITAT Raipur held that interest income earned is not equal to the percentage of interest expenditure incurred cannot be reason for disqualifying expenditure within the provision of section 57(iii) of the Income Tax Act.

Latest Case Law Related to IBC – July to September 2023

October 31, 2023 1440 Views 0 comment Print

Explore significant developments in Indian insolvency law with key cases from July to September 2023. Dive into legal analysis, verdicts, and insights.

Disallowance u/s 14A cannot be more than exempt income

October 31, 2023 846 Views 0 comment Print

ITAT Delhi held that it is settled principle of law that the disallowance under section 14A of the Income Tax Act cannot exceed the exempt income.

What should you know about EPFO?

October 31, 2023 951 Views 0 comment Print

Find out what Employees’ Provident Fund Organization & its contributions to social security means for you. EPFO provides financial stability & security during retirement

Dematerialization of Securities for Private companies

October 31, 2023 10929 Views 2 comments Print

Discover the latest amendment to the Companies (Prospectus & Allotment of Securities) Rules, 2014, mandating dematerialization of securities for private companies other than small firms.

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