RESERVE BAK OF INDIA RBI/2022-2023/110 A.P. (DIR Series) Circular No.12 August 22, 2022 All Category – I Authorised Dealer Banks Madam/Sir Foreign Exchange Management (Overseas Investment) Directions, 2022 Overseas investments by persons resident in India enhance the scale and scope of business operations of Indian entrepreneurs by providing global opportunities for growth. Such ventures through […]
(1) These rules may be called the Foreign Exchange Management (Overseas Investment) Rules, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.
Offences specified under Section 135AA of Custom Act – One lakh rupees for the first offence, to be increased by hundred per cent of this amount for each subsequent offence.
CBDT amends rule 17CB to replace words ‘trust or institution’ with ‘specified person’ vide Notification No. 101/2022-Income Tax | Dated: 22nd August, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 101/2022-Income Tax | Dated: 22nd August, 2022 G.S.R. 647(E).—In exercise of the powers conferred by sub-section (2) of section 115TD […]
Government of India has further reduced the list of Left Wing Extremism affected districts affected district to 70 from earlier 90. RESERVE BANK OF INDIA RBI/2022-23/109 DOR.AUT.REC.62/22.01.001/2022-23 August 22, 2022 All Domestic Scheduled Commercial Banks (excluding Regional Rural Banks, Payments Banks and Local Area Banks) Madam/Dear Sir, Section 23 of the Banking Regulation Act, 1949 […]
Once assets have been put to use, claim of depreciation allowance on said assets cannot be restricted. ITAT allows claim of depreciation in respect of closed units or non-functional undertakings
It is very unfortunate that the noble forum of PIL is now being used for blackmailing the citizens. This is not a PIL at all. It is, in fact, a litigation based upon certain photographs resulting in blackmailing type of litigation.
Section 271AAA seeks to impose penalty where undisclosed income is detected during the course of search initiated under Section 132 of the Act on or after 01.06.2007 which condition has been fulfilled
Interest on late payment of TDS u/s. 201(1A) is interest on income tax & such interest cannot be claimed as a deduction.
SC held that practice of engaging workman by separate but consecutive appointment orders of short duration with a view to opposing workman’s claim is not recognised by clause (bb) of Section 2(oo) of Industrial Disputes Act 1947
