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Archive: June, 2024

Posts in June, 2024

ITAT directs AO to Tax only Peak Credit in respect of undisclosed Bank account

June 7, 2024 4920 Views 0 comment Print

ITAT Delhi directs verification of peak credits in the undisclosed ICICI Bank account in the case of Gulshan Grover vs ITO, addressing unexplained cash deposits.

Amendment to Master Direction – RBI (Interest Rate on Deposits) Directions, 2016

June 7, 2024 2172 Views 0 comment Print

Read about the latest amendment to the Reserve Bank of India’s (RBI) interest rate on deposits directive impacting scheduled commercial banks, small finance banks, and local area banks.

RBI keeps Repo Rate unchanged at 6.50%

June 7, 2024 492 Views 0 comment Print

fter a detailed assessment of the evolving macroeconomic and financial developments and the outlook, it decided by a 4 to 2 majority to keep the policy repo rate unchanged at 6.50 per cent.

CBI Arrests Sales Tax Officer Accepting Bribe

June 6, 2024 1860 Views 0 comment Print

Read about the Central Bureau of Investigation’s recent arrest of a Sales Tax Officer for accepting a bribe of Rs. 40,000 from a complainant in Delhi.

BSE Notice: Systemic Improvements in Bidding Process of SME Public Issues

June 6, 2024 288 Views 0 comment Print

Explore BSEs latest notice regarding systemic improvements in the bidding process for SME public issues. Learn about changes in validation, submission requirements, and compliance.

Revised Jurisdiction of DIT Intelligence & Criminal Investigation in Lucknow & Kanpur Notified by CBDT

June 6, 2024 957 Views 0 comment Print

Explore the latest amendment in the Income Tax Act 1961 by Notification No. 50/2024 issued by the Ministry of Finance. Detailed analysis and implications discussed.

Income Tax Section 10(46) exemption notification: Real Estate Appellate Tribunal Punjab

June 6, 2024 435 Views 0 comment Print

Learn about the Notification under section 10(46) of the Income Tax Act 1961 for the Real Estate Appellate Tribunal Punjab. Details, analysis, and impact explained.

Department of Chemicals & Petro-Chemicals Added to Appendix 2Y of FTP 2023

June 6, 2024 246 Views 0 comment Print

DGFT Public Notice 10/2024-25 introduces amendments enabling import of inputs under QCOs for Advance Authorisation, EOU, and SEZ. Learn more about the changes.

Exemption Provisions for Advance Authorisation Holders, ECM & SEZ from Mandatory Quality Control Orders

June 6, 2024 297 Views 0 comment Print

Learn about latest amendments enabling Advance Authorisation holders, EOU, and SEZ to import inputs exempted from Quality Control Orders (QCOs) by Government of India.

Customs Exchange Rates effective from 7th June, 2024

June 6, 2024 5361 Views 0 comment Print

Explore the detailed analysis of Exchange Rate Notification No. 40/2024-Cus (NT) issued by the Government of India Ministry of Finance. Understand the impact on imports and exports.

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