• March 15, 2024

Informal Guidance No. SEBI/HO/AFD/PoD/OW/2023/49070, Dated: 12.12.2023 Mangalkari Asset Investment AIF registered with SEBI sought informal guidance as to whether a threshold limit of 25% in an Investee Co. under regulation 15(1)(c) of AIF Regulations shall apply at the level of individual target co. acquired by ARC Trust or it will be at the level of […]

• March 14, 2024

GSTN Update dated March 12th, 2024 The GSTN has issued an advisory to inform all taxpayers that two new Table 14A and Table 15A have been introduced in GSTR-1 to capture the amendment details of the supplies made through e-commerce operators (ECO) on which e-commerce operators are liable to collect tax under section 52 or […]

• March 13, 2024

Case Details: Indian National Congress All India Congress Committee v. DCIT - [2024] 160 taxmann.com 260 (Delhi-Trib.) Judiciary and Counsel Details G.S. Pannu, Vice President & Anubhav Sharma, Judicial Member Vivek Krishna Tankha, Sr. Adv. Vipul Tiwari & Inder Dev Singh, Advs. for the Appellant. Zoheb Hossain, Vipul Agarwal, Sr. Standing Counsel, Sanjeev Menon, Jr. Standing Counsel, Vivek Gurnani, Rajat Sen & Waseem […]

• March 12, 2024

Notification No. SEBI/LAD-NRO/GN/2024/166; Dated: 08.03.2024 SEBI has notified the SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2024. A new chapter VIB relating to ‘Small and Medium REITs’ has been inserted to the existing regulations. The term “Small and Medium REIT” (SM REIT) refers to a REIT that pools money from investors under one or more […]

• March 11, 2024

Notification No. B-14011/2/2024-ATD-II; Dated: 06.03.2024 The CCI has notified the CCI (Determination of Turnover or Income) Regulations, 2024. The regulation deals with the determination of turnover or income for enterprise and the other part deals with the determination of income for individual. This would clarify norms regarding the imposition of penalties in cases of violation, […]

• March 10, 2024

Table of Contents Sections Summary Meaning of Business and Profession Incomes chargeable as PGBP Income not taxable under Expenditures allowed as deduction Specific Deductions Disallowed Expenses Check out Taxmann's Direct & Indirect Taxation (DITX | DT & IDT) | CRACKER which covers all past exam questions & point-wise answers (as per the latest applicable provisions & […]

• March 9, 2024

Instruction F. No. 3(543)/GST/POLICY/2024/1312-18, dated March 1st, 2024 The Delhi Government has received several representations to allow rectification of demand orders and therefore instructions are issued for rectification of demand order pertaining to FY 2017-18 which have apparent errors including arithmetical errors or clerical mistakes. The following types of cases have been brought to the […]

• March 8, 2024

Circular No. SEBI/HO/MRD/MRD-PoD-1/P/CIR/2024/13, Dated: 05.03.2024 Earlier, the Govt. notified the list of goods specified in the Schedule as commodity derivatives under section 2(bc) of the SCRA, 1956. Now, the SEBI has broadened the list of goods for the purpose of commodity derivatives. SEBI has expanded the list of goods from 91 to 104, introducing 13 […]

• March 7, 2024

Table of Contents Introduction Features of ABC Key Terms Used in Activity Based Costing Steps Involved in the Process of Activity Based Costing (ABC) Benefits and Weaknesses of ABC Conclusion Check out Taxmann's Cost Accounting which takes a comprehensive approach to explain the principles of cost accounting, emphasizing accuracy in cost ascertainment and efficiency in […]