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Assessment of Startup Companies involving application of section 56 (2)(viib)

October 10, 2023 1641 Views 0 comment Print

Notification regarding Income-tax Act Section 56(2)(viib) and assessment of Startup Companies. Clarifications for assessing recognized Startups.

RBI Directs Bank of Baroda to Suspend Customer Onboarding on ‘bob World’ App

October 10, 2023 708 Views 0 comment Print

RBI instruct Bank of Baroda to immediately halt further customer onboarding onto the ‘bob World’ mobile application due to supervisory concerns. The bank is required to rectify these concerns before resuming onboarding.

Production Linked Incentive Scheme for White Goods (ACs & LED Lights) – Key Changes

October 9, 2023 822 Views 0 comment Print

Government introduced significant changes to Production Linked Incentive (PLI) Scheme for White Goods, aiming to streamline its operation and enhance ease of business.

SEBI Circular: Relaxation of LODR Compliance Provisions 

October 7, 2023 1986 Views 0 comment Print

Read SEBI’s circular dated October 07, 2023, providing relaxation from compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

ICAI Reporting Requirements: Fees Disclosure in Revised Code of Ethics

October 7, 2023 9705 Views 0 comment Print

Learn about ICAI’s reporting requirements for fees disclosure under revised Code of Ethics. Discover key details and implications for CA firms.

Streamlining Voluntary Liquidation Process: Key Proposals 2023

October 6, 2023 654 Views 0 comment Print

Explore key proposals for streamlining voluntary liquidation process in India, including disclosures, timelines, and regulatory changes. Share your views with IBBI.

ICAI MEF 2023-24 Submission Deadline Extended to 21st October 2023

October 4, 2023 9339 Views 0 comment Print

Important announcement from ICAI: Deadline for submitting MEF 2023-24 extended to 21st October due to member requests and tax audit period.

Bombay High Court’s Landmark Ruling on Trademark Use in Meta-Tags

October 4, 2023 7899 Views 0 comment Print

Discover groundbreaking People Interactive v. Gaurav Jerry case where Bombay High Court deems trademark use in meta-tags illegal, protecting brand integrity.

IGST Act Section 16(4) Implementation: Export Restrictions on certain goods

September 30, 2023 6009 Views 0 comment Print

Circular No. 24/2023-Customs, dated 30th September 2023, regarding implementation of Section 16(4) of IGST Act, related to export restrictions and refund mechanisms for specified goods.

No Section 14A Disallowance if Assessee has Surplus Interest-Free Funds Exceeding Exempt Income Investments

September 30, 2023 939 Views 0 comment Print

Aditya Birla Nuvo Limited receives relief as ITAT Mumbai rules that investments yielding exempt income must be considered for disallowance under Rule 8D(2).

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