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Archive: 18 November 2024

Posts in 18 November 2024

SCBA Stands In Full Solidarity With Lawyers of Ghaziabad District Bar

November 18, 2024 1158 Views 0 comment Print

SCBA strongly condemns police violence on Ghaziabad lawyers, demands inquiry against District Judge, accountability for police, and implementation of Advocates Protection Act.

IFSCA Exempts Certain Entities from AML/CTF Guidelines

November 18, 2024 1032 Views 0 comment Print

IFSCA exempts specific entities from the AML/CTF Guidelines 2022, with compliance requirements for business risk assessments and transactions in IFSC.

Implementation of Section 51A, UAPA, 1967: Change in Central Nodal Officer Details

November 18, 2024 987 Views 0 comment Print

IFSCA circular updates the procedure for Section 51A of UAPA with a change in the Central Nodal Officer’s details for all regulated entities in GIFT-IFSC.

SEBI Amends Guidelines on Default Ratings for CRAs

November 18, 2024 1362 Views 0 comment Print

SEBI revises default rating policies for Credit Rating Agencies, clarifying treatment of technical defaults and modifying guidelines for debt payment failures.

IFSCA (Registration of Factors and Registration of Assignment of Receivables) Regulations, 2024

November 18, 2024 954 Views 0 comment Print

The IFSCA has introduced regulations for registering factors and assigning receivables in IFSCs, effective from 18th November 2024.

Input Tax Credit on Construction of a Building

November 18, 2024 70572 Views 1 comment Print

Explore GST input tax credit (ITC) rules for building construction, recent Supreme Court rulings, and exceptions under the CGST Act for plant and machinery.

Revised Guidelines for Capital Restructuring of CPSEs

November 18, 2024 2109 Views 0 comment Print

The Ministry of Finance issues updated capital restructuring guidelines for CPSEs to align with market evolution and improve operational flexibility.

Taxation of Charitable Trusts Not Registered Under Income Tax Act, 1961

November 18, 2024 23955 Views 3 comments Print

ITAT Delhi upholds CIT(E) order in ITO Vs Mehta Charitable Prajanalaya Trust, disallowing unrelated expenses and clarifying deductions under Section 80G.

ITAT Allows LTCG Exemption on Shares due to Overreliance on Investigation Report, Absence of Enquiry & Genuineness of Transactions

November 18, 2024 2619 Views 0 comment Print

Analysis of ITAT Delhi’s ruling in Smt. Karuna Garg Vs ITO regarding the genuineness of long-term capital gains claims from penny stock transactions.

Retrospective amendment of Employees’ Deposit Linked Insurance scheme, 1976

November 18, 2024 1899 Views 0 comment Print

EDLI Scheme amendment revises assurance benefits for deceased employees’ nominees, effective retrospectively from April 28, 2024. Learn key details here.

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