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RBI Bars Kotak Bank from Onboarding New Online Customers & Issuing New Credit Cards

April 24, 2024 3159 Views 0 comment Print

Reserve Bank of India orders Kotak Mahindra Bank to halt new customer onboarding and credit card issuance due to IT deficiencies. Analysis & implications here

Master Direction – RBI (Asset Reconstruction Companies) Directions, 2024

April 24, 2024 1665 Views 0 comment Print

Master Direction consolidates the existing regulatory guidelines issued to ARCs vide Master Circular on ARCs and Master Direction – Fit and Proper Criteria for Sponsors – Asset Reconstruction Companies (Reserve Bank) Directions, 2018.

Maharashtra Finance Dept Waives Late Fees for Profession Tax Payers

April 24, 2024 2004 Views 0 comment Print

Learn about the latest notification from the Maharashtra Finance Department granting late fee waivers for Profession Tax Payers. Understand the amendments and deadlines.

Section 10(46) Notification: Kerala Autorickshaw Workers Welfare Fund Scheme

April 24, 2024 477 Views 0 comment Print

Explore Notification No. 41/2024-Income Tax regarding Kerala Autorickshaw Welfare Fund Scheme, Kollam. Analysis, impact, and implications explained here

Overstatement of profits: NFRA imposes Rs. 5 Lakh Penalty on Auditors of Vikas WSP Limited

April 23, 2024 13032 Views 0 comment Print

Dive into the NFRA order against M/s S. Prakash Aggarwal & Co., revealing professional misconduct in auditing Vikas WSP Limited for FY 2019-20. Analysis, penalties, and implications discussed.

CBDT Circular No. 6/2024: Relief for TDS Deductors on PAN-Aadhar Linkage

April 23, 2024 76374 Views 4 comments Print

Learn about CBDT Circular No. 6/2024 offering relief to TDS deductors for transactions up to March 31, 2024, when PAN becomes operative by linking with Aadhar. Details & implications.

Customs Instruction No. 09/2024: Extension for Ortho-phosphoric Acid

April 22, 2024 525 Views 0 comment Print

Under Instruction No. 09/2024-Customs, learn about the extension period for Ortho-phosphoric Acid exempted from BIS Standard IS 798:2020. Details & analysis

SEZ Units Exempt from GST under RCM for Specified Services if they furnish LUT/Bond

April 19, 2024 7623 Views 0 comment Print

Under GST RCM, learn if SEZ units like Waaree Energies Limited need to pay tax on certain services. Analysis of relevant notifications and rulings provided

Customs Exchange Rates effective from 19th April, 2024

April 18, 2024 20199 Views 0 comment Print

Check the latest exchange rates for importing and exporting goods, as per Notification No. 30/2024 by the Central Board of Indirect Taxes and Customs

RBI Circular: Amendments to WMD Act Compliance

April 16, 2024 444 Views 0 comment Print

Stay updated with RBI’s latest circular on amendments to the Weapons of Mass Destruction Act compliance. Ensure meticulous adherence to regulatory changes.

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