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Taxation of Firm’s Income Exclusively in Firm’s Hands, Not Partners: ITAT Mumbai

January 19, 2024 1536 Views 0 comment Print

Ketan Tokershi Shah Vs DCIT (ITAT Mumbai) Income belonging to firm whether disclosed or undisclosed can be taxed only in the hands of the firm and not in the hands of partner

Indian Stamp Bill, 2023: Ministry of Finance Seeks Public Input

January 19, 2024 1254 Views 0 comment Print

Participate in shaping India’s fiscal future! Ministry of Finance calls for public suggestions on the draft ‘Indian Stamp Bill, 2023’ for 30 days. Have your say now.

Customs Exchange Rates effective from 19th January, 2024

January 18, 2024 4752 Views 0 comment Print

Explore the latest Customs Exchange Rates in India for 2024 issued by the Ministry of Finance. Stay updated on foreign currency conversions for imported and export goods.

IBBI Announces Reduced Cooling-off Period for Insolvency & Valuation Exams

January 18, 2024 2310 Views 0 comment Print

Stay updated on IBBI’s latest circular reducing the waiting time between Limited Insolvency Examination and Valuation Examinations. Discover the enhanced flexibility for candidates.

Delhi HC Quashes Notices: Lack of specified authority approval for Income Tax Reassessment

January 17, 2024 4104 Views 0 comment Print

Delhi High Court quashes income tax reassessment notices in case of Twylight Infrastructure Pvt Ltd due to absence of specified authority approval, emphasizing mandatory requirement.

Google Pay India signs MoU with NPCI International for Global Expansion of UPI

January 17, 2024 960 Views 0 comment Print

Discover the strategic collaboration between Google Pay India and NPCI International, aiming to propel UPI on the global stage, simplifying international transactions and transforming cross-border payments.

Govt Allows Aadhaar Authentication for Reporting Entities under Money-laundering Act

January 16, 2024 879 Views 0 comment Print

Read the latest notification by the Ministry of Finance, allowing specific reporting entities to use Aadhaar authentication for compliance with privacy standards under the Money-laundering Act.

Non-Appointment of CS: MCA imposes a whopping ₹21.73 Lakh Penalty

January 16, 2024 19101 Views 0 comment Print

Discover the consequences as MCA imposes a ₹21.73 Lakh penalty on Prism Buildcon for failing to appoint a company secretary. Analysis and implications inside.

Aadhaar (Enrolment and Update) Amendment Regulations, 2024

January 16, 2024 8652 Views 0 comment Print

Stay informed with the latest Aadhaar updates! UIDAI announces amendments to the Aadhaar (Enrolment and Update) Regulations, 2016. Learn about changes, procedures, and more.

Draft Framework for recognising Self-Regulatory Organisations for FinTech Sector

January 15, 2024 789 Views 0 comment Print

Explore the Reserve Bank of India’s proposed framework for FinTech Self-Regulatory Organisations (SROs). Dive into characteristics, eligibility, functions, and governance. Share your feedback by February 2024.

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