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Archive: 22 December 2023

Posts in 22 December 2023

LRS for Resident Individuals- Reporting of monthly return & daily transactions

December 22, 2023 1746 Views 0 comment Print

Stay informed! RBI directs Authorised Dealer Banks to report Liberalised Remittance Scheme data through Centralised Information Management System (CIMS) starting December 26, 2023

CIMS Implementation: RBI Shifts from XBRL for Gold Import Data

December 22, 2023 1740 Views 0 comment Print

Introduction: The Reserve Bank of India (RBI) has issued a crucial circular, A.P. (DIR Series) Circular No.12, dated December 22, 2023, addressing All Category-I Authorised Dealer Banks. This communication pertains to the implementation of the Centralised Information Management System (CIMS) and the consequential discontinuation of the submission of gold import data through the legacy XBRL […]

Reverse Repo transactions – Reporting in Form ‘A’ Return

December 22, 2023 501 Views 0 comment Print

Stay informed with the latest RBI circular on reverse repo transactions. Learn about revised reporting requirements for bank transactions with non-banks. Read more.

T+0 & Instant Settlement Options: Consultation Paper on Enhanced Settlement Cycles

December 22, 2023 861 Views 0 comment Print

Explore the Consultation Paper on introducing T+0 and Instant Settlement in Indian Securities Markets. Learn the benefits, features, and potential concerns. Share your insights now!

ICAI Clarifications on Advanced ICITSS for CA Final Exam Eligibility

December 22, 2023 10569 Views 0 comment Print

Get clarifications on completing Advanced ICITSS for CA Final exam eligibility. Details on Advanced IT test, categories, and requirements. Stay informed with ICAI.

Prejudice to Defence caused Due to Denied Questions to Eye-Witness: SC

December 22, 2023 495 Views 0 comment Print

Explore Supreme Court’s landmark judgment in Chandrasekhar Patel vs Suresh & Ors, highlighting the serious prejudice caused to accused by denying relevant questions to eye-witness.

Mastering NCLT Petitions: Tips for Faster Acceptance and Error-Free Drafting

December 22, 2023 1401 Views 0 comment Print

Unlock the secrets to swift NCLT petition acceptance. Learn legal and practical insights for flawless drafting. Expert tips for effective cause title, indexing, and more.

SC Dismisses Customs Appeal for huge delay in filing: Relief for Reliance Jio

December 22, 2023 651 Views 0 comment Print

Supreme Court dismisses Customs Appeal, granting relief to Reliance Jio Infocomm. Explore the full judgment and implications of the delay in filing the appeal.

CIT vs Travelport: Delhi HC Upholds 15% Revenue Attribution to PE in India

December 22, 2023 561 Views 0 comment Print

Delhi High Court grants relief to Travelport LP USA as it upholds CIT’s 15% revenue attribution to PE in India. Full text and analysis of the judgment.

Despite Error on Law by Original Authority, Remedy Against Order is to File an Appeal Under Statute

December 22, 2023 345 Views 0 comment Print

Explore the Kerala High Court’s dismissal of a writ petition against KVAT Act’s assessment order. Learn about the importance of alternative remedies for errors in law.

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