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Amendment in Export policy of De-Oiled Rice Bran

July 28, 2023 690 Views 0 comment Print

Govt amends De-Oiled Rice Bran export policy from ‘Free’ to ‘Prohibited’ until 30th November 2023. Read Notification No. 21/2023 DGFT details here.

ITAT deletes disallowances for Expense Claims Backed by Documentary Evidence

July 28, 2023 672 Views 0 comment Print

The Income Tax Appellate Tribunal (ITAT) Delhi partially allows the appeal filed by Kartikeya Enterprises for AY 2015-16, deleting certain disallowances and confirming others based on corroborative documentary evidence.

Non-holding of Board Meeting – MCA imposes Penalty

July 27, 2023 5655 Views 0 comment Print

MCA imposes penalties on Sarada Pleasure And Adventure Limited and its directors for non-holding of board meetings in violation of Section 173 of the Companies Act, 2013.

SEBI Circular 2023: Resources for Mutual Fund Trustees

July 26, 2023 789 Views 0 comment Print

SEBI issues Circular No. SEBI/HO/IMD/IMD-I – PoD1/P/CIR/2023/126 dated July 26, 2023, outlining resources and arrangements for Mutual Fund Trustees.

ITAT Bound by Jurisdictional HC Precedent on Inherited Property Indexation Base Year

July 26, 2023 564 Views 0 comment Print

ITAT Chennai dismisses the revenue’s appeal in Easwari Sukanya Krishnan Vs. ITO, upholding the indexation benefit as per the jurisdictional High Court’s binding judicial precedent.

Draft Supplier Finance Arrangements – Amendments to Ind AS 7 & Ind AS 107

July 25, 2023 978 Views 0 comment Print

Accounting Standards Board has issued Exposure Draft of Supplier Finance Arrangements – Amendments to Ind AS 7 and Ind AS 107 corresponding to Amendments in IAS 12 issued by the IASB.

Exposure Draft: International Tax Reform – AS 22 Amendments

July 25, 2023 435 Views 0 comment Print

The Accounting Standards Board issues an Exposure Draft of International Tax Reform—Pillar Two Model Rules, proposing Amendments to AS 22 for deferred tax asset and liability recognition. Comment by August 25, 2023.

MahaRERA Order: QR Code Mandatory in Real Estate Advertisements

July 25, 2023 1365 Views 0 comment Print

Maharashtra Real Estate Regulatory Authority (MahaRERA) issues Order No. 46A/2023, making it mandatory for promoters to display QR Codes in real estate project promotions. Penalties for non-compliance.

Income Tax Rates for Financial Year 2023-24 / AY 2024-25

July 25, 2023 17661 Views 4 comments Print

Find the income tax rates for the financial year 2023-24 (assessment year 2024-25) applicable to individuals, HUFs, domestic and foreign companies, along with special tax rates and surcharge information.

MCA Penalizes Company & MD for Office Non-Maintenance

July 24, 2023 1338 Views 0 comment Print

Explore the MCA’s decision to impose penalties on Namasthe Multimedia Limited and its MD for violating section 12(1) & (4) of the Companies Act, 2013.

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