SEBI has extended the implementation timeline for direct pay-outs to clients’ demat accounts to November 11, 2024, ensuring smooth market operations.
NFRA imposes penalties on Venkatesh & Co. and debarment of partners for negligence during the audit of Coffee Day Enterprises Ltd, exposing Rs 3,535 crore fund diversion.
Applications are open for various posts in GSTAT on deputation. Eligible candidates from the Central/State Governments can apply online by 31st October 2024.
IFSCA issues directions to IBUs on operating Foreign Currency Accounts for residents under the Liberalised Remittance Scheme. Compliance required.
ITAT Bangalore held that addition u/s. 69A unjustified as cash deposited in bank account is from business income and the same is already considered under the Profits & gains of business or profession.
ITAT Delhi held that issue relating to allowance of depreciation on non-compete fee is debatable and it is well settled law that rectification provision u/s. 154 of the Income Tax Act cannot be invoked if the issue is debatable.
RBI issues guidance for regulated entities on internal risk assessments for money laundering and terrorist financing compliance.
RBI mandates new credit info reporting rules for institutions post-license cancellation, ensuring borrowers’ repayment histories remain updated.
Explore GST implications for renting residential and commercial properties, focusing on exemptions and reverse charge mechanisms for landlords and tenants.
GST TDS on metal scrap supply made applicable from October 10, 2024, under Notification 25/2024. Learn about Section 51 of the CGST Act, rates, and compliance.
