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Archive: 05 August 2024

Posts in 05 August 2024

Proposed Amendments to IFRS 9 & 7 for Renewable Electricity Contracts by IASB

August 5, 2024 564 Views 0 comment Print

IASB proposes amendments to IFRS 9 and IFRS 7 for better accounting of renewable electricity contracts, addressing practical issues and enhancing financial reporting clarity.

SEBI’s New Guidelines on Valuation of Additional Tier 1 Bonds (AT-1 Bonds)

August 5, 2024 1038 Views 0 comment Print

SEBI mandates valuation of AT-1 bonds based on Yield to Call, aligning with NFRA recommendations. Effective from August 05, 2024, for all mutual funds.

SEBI (Alternative Investment Funds) (Fourth Amendment) Regulations, 2024

August 5, 2024 1683 Views 0 comment Print

SEBI’s Fourth Amendment to the Alternative Investment Funds Regulations, 2024 updates borrowing and fund tenure rules for Category I & II AIFs.

Limited Liability Partnership (Amendment) Rules, 2024

August 5, 2024 14247 Views 0 comment Print

Discover the latest amendments to LLP Rules by the MCA, effective from August 27, 2024. Learn about the new role of the Centre for Processing Accelerated Corporate Exit.

Companies (Adjudication of Penalties) Amendment Rules, 2024

August 5, 2024 2136 Views 0 comment Print

Amendments to Companies (Adjudication of Penalties) Rules, 2014 introduce mandatory e-adjudication for penalty proceedings effective 16th September 2024.

SC Quashes Rape Case Filed After Relationship Went Sour

August 5, 2024 2418 Views 0 comment Print

Supreme Court quashes rape case, ruling consensual relationship. Calls for legal reforms to prevent misuse of penal laws against men. High-profile case sets a new precedent.

The Budget 2024, That Missed Some Pertinent Issues

August 5, 2024 2214 Views 1 comment Print

Explore key issues in Budget 2024, including tax rectification delays, unjust tax rates, exorbitant TCS on foreign travel, and needed reforms in presumptive taxation.

Issuance of Notice U/s 139 (9) of Income Tax Act, 1961 – Defective Return

August 5, 2024 6654 Views 0 comment Print

Received a notice U/s 139(9) for defective return? Learn why it happens, how to respond, and the consequences of ignoring it. Stay compliant with Income Tax laws.

Time limit for issuance of SCN or adjudication order for FY 2017-18, 2018-19, 2019-20 and 2020-21 under Section 73 and 74 of GST

August 5, 2024 398883 Views 0 comment Print

Understand deadlines for issuing SCNs and adjudication orders under Sections 73 and 74 of CGST Act for FY 2017-18 to FY 2020-21.

Rajasthan HC issues SOP for Police Protection of Couples Facing threats for Choice of Partner

August 5, 2024 1200 Views 0 comment Print

Rajasthan HC sets SOP for police to protect couples facing threats. The judgment underscores the police’s duty to ensure couples’ safety against social harassment.

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