RBI notification on change in Cash Reserve Ratio (CRR) from 4.00 percent to 4.50 percent, Change in Bank Rate from 4.25 per cent to 4.65 per cent, Change in Liquidity Adjustment Facility (LAF) to 4.40 per cent from 4.00 per cent, change in standing deposit facility (SDF) rate from 3.75 per cent to 4.15 per cent […]
India’s Services exports set a new record of USD 254.4 Billion in FY 2021-2022, beats previous high of USD 213.2 Billion in 2019-20 Services exports hit an all-time monthly high of USD 26.9 Billion in March 2022 Telecommunications, computer, and information services, other business services and Transport top contributors in Services exports India’s overall exports […]
These regulations may be called the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2022. They shall come into force on the date of their publication in the Official Gazette.
RBI Increase the policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points to 4.40 per cent with immediate effect. Consequently, the standing deposit facility (SDF) rate stands adjusted to 4.15 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 4.65 per cent.
Doosan Bobcat India Pvt. Ltd. Vs Commissioner of Customs (CESTAT Chennai) The issue is whether the amount of Rs.28.14 lakhs in the nature of payment of royalty can be included in the transaction value and whether it is a condition of sale. From the facts narrated above, it is seen that there is no agreement […]
Sunita Shekhawat Vs Union of India (Rajasthan High Court) 1. The instant bail application has been filed under Section 439 Cr.P.C. on behalf of accused-petitioner Sunita Shekhawat Director M/s Siyaram Exports India Pvt. Ltd. The petitioner has been arrested in connection with case No. 56/2016 for the offence(s) under Sections 276CC Income Tax Act pending […]
The functionality of AATO for the FY 2021-22 has now been made live on taxpayers’ dashboards with the following features: ♦ The taxpayers can view the exact Annual Aggregate Turnover (AATO) for the previous Financial Year (FY). ♦ The taxpayers can also view the Aggregate Turnover of the current FY based on the returns filed […]
On a review, it has been decided that the minimum investment grade credit rating for deposits of NBFCs shall be ‘BBB–’ from any of the SEBI-registered Credit Rating Agencies.
Medical facilities in jail hospitals/dispensary may be strengthened and improved in such a manner that reduces the requirement of referral of inmates outside the prison complex. Psychological assessment of inmates by competent medical professionals may be encouraged to reduce depression in prison inmates and provide them with a positive outlook in life.
OnMobile Global Ltd. Vs ACIT (ITAT Bangalore) Section 80JJAA of the Act allows for deduction of additional wages paid to new workmen for an industrial undertaking. While the term “industrial undertaking” has not been defined in section 80JJAA of the Act, it has been defined in other provisions of the Act; like section 10(15) and […]
