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Archive: 12 September 2024

Posts in 12 September 2024

Webinar on Critical Issues in Faceless Assessments under Income Tax Act, 1961

February 14, 2025 3885 Views 0 comment Print

Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert CA Hari Agarwal, FCA.

Revised Framework for Global/Regional Corporate Treasury Centres in IFSC

September 12, 2024 420 Views 0 comment Print

IFSCA seeks public comments on the revised framework for Global/Regional Corporate Treasury Centres in IFSC. Share views by October 02, 2024.

Abeyance of Gold Export Norms Notice Extended to 31.10.2024

September 12, 2024 375 Views 0 comment Print

Public Notice No. 05/2024 on gold, silver, platinum wastage norms kept in abeyance until October 31, 2024, as per DGFT’s latest notice due to industry feedback.

SEBI Updates Guidelines for Business Continuity & Disaster Recovery for MIIs

September 12, 2024 639 Views 0 comment Print

SEBI updates Business Continuity Plan and Disaster Recovery guidelines for Stock Exchanges, Clearing Corporations, and Depositories, effective immediately.

Defective ITR resubmission as belated/revised, where defect is not rectified in prescribed manner

September 12, 2024 10926 Views 0 comment Print

Defective ITR not rectified within time is treated as invalid. Filing a new belated return or seeking condonation can avoid penalties under Section 234F.

Disney-Reliance: A Match Made in Media Heaven or Hell?

September 12, 2024 972 Views 0 comment Print

Disney-Reliance merger could reshape India’s media industry with vast global reach and concerns over competition, content diversity, and cricket broadcasting.

Section 50C & 43CA: Full Value of Consideration in Immovable Property Sales

September 12, 2024 10902 Views 0 comment Print

Section 50C: For property sales, if the sale price is lower than the value assessed by Stamp Valuation Authority, that value is considered full consideration for tax.

If statutory liabilities are not routed through the profit and loss account, will they still be disallowed under Section 43?

September 12, 2024 4530 Views 0 comment Print

Summary of cross appeals involving VAT disallowances under Section 43B for AY 2018-19, addressing accounting methods, CIT(A) decision, and case law reliance.

Reassessment cases: Bombay HC in JD Printers Case Deviates from Hexaware Approach

September 12, 2024 4728 Views 0 comment Print

Bombay HC grants interim relief in JD Printers re-assessment case, opting for a different approach than in Hexaware. Notice and proceedings stayed.

Declaration of NaBFID as Public Financial institution by MCA

September 12, 2024 627 Views 0 comment Print

MCA notifies NaBFID as a public financial institution under the Companies Act 2013, enhancing its role in infrastructure financing and development.

Foreign Exchange (Compounding Proceedings) Rules, 2024

September 12, 2024 1242 Views 0 comment Print

Ministry of Finance issues Foreign Exchange (Compounding Proceedings) Rules, 2024, superseding 2000 rules, streamlining processes for ease of investment and business.

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