• March 30, 2024

Notification No. 37/2024, dated 27-03-2024 The Central Board of Direct Taxes (CBDT) has notified Income-tax return verification and acknowledgement forms applicable for the Assessment Year 2024-25. The board has already notified all the Income-tax Return forms (ITR 1 to 7) applicable for filing of income-tax returns with respect to income earned during the previous year […]

• March 29, 2024

Retirement Planning is the process of putting in place the road map for retirement. A big part of the retirement plan is the financial aspect of how the retirement will be funded. The life style envisaged will define the expenses and income required in retirement, which in turn will set the goal for retirement savings. […]

• March 28, 2024

Case Details: Indian National Congress v. DCIT - [2024] 160 taxmann.com 606 (Delhi) Judiciary and Counsel Details Yashwant Varma & Purushaindra Kumar Kaurav, JJ. A.M. Singhvi, Vivek Tankha, A.S. Chandhiok, P.C. Sen, Sr. Adv. Prasanna, Amit Bhandari, Siddharth S., Vipul Tiwari, Inder Singh, Ms Simran Kohli, Ms Vidhushi Keshari, Kanishka Singh, Nikhil Bhalla & Ms Swati Arya, Advs. for the Petitioner. & Others. Zoheb Hossain, Vipul Agrawal, Sanjeev Menon, Ms Sakshi Shairwal & Vivek […]

• March 27, 2024

Case Details: Jeevagan Narayana Swami Nadar v. Shapoorji Pallonji & Co. (P.) Ltd. - [2024] 160 taxmann.com 614 (NCLAT-New Delhi) Judiciary and Counsel Details Rakesh Kumar Jain, Judicial Member & Naresh Salecha, Technical Member Palash Singhai, Karant Batura & Jayant Chawla, Advs. for the Appellant. Abhijeet Sinha, Mayank Mishra, Chirag Sharma, Advs. Sudiksha Saini, Shikhar Misra, S. Niranjan Reddy, Sr. Adv. Ms Shally Bhasin, Prateek Gupta, Udbhav […]

• March 25, 2024

Press Release No. 2023-2024/2085; Dated: 21.03.2024 The RBI has now finalized the Omnibus Framework for recognising Self-Regulatory Organisations (SRO) for Regulated Entities. The omnibus framework contains broad parameters viz., objectives, responsibilities, eligibility criteria, governance standards, application process and other basic conditions for grant of recognition, which will be common for any SRO proposed to be […]

• March 24, 2024

Case Details: Vivo Mobile India (P.) Ltd. v. Joint Commissioner, CGST - [2024] 160 taxmann.com 226 (Allahabad) Judiciary and Counsel Details Saumitra Dayal Singh & Surendra Singh-I, JJ. Nishant Mishra & Vedika Nath for the Petitioner. Gaurav Mahajan & Parv Agarwal, A.S.G.I. for the Respondent. Facts of the Case The petitioner was engaged in manufacturing of mobile phones. […]

• March 23, 2024

Circular No. SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/18; Dated: 20.03.2024 SEBI has issued safeguards to address the investors’ concerns arising from the transfer of securities from the Beneficial Owner (BO) account. These safeguards aim to harmonize the classification of inactive/dormant accounts across stock exchanges and depositories and to strengthen the measures to prevent fraud and misappropriation of inoperative demat accounts. […]

• March 22, 2024

Circular No. SEBI/HO/CFD/TPD/CIR/P/2024/XXX; Dated: 19.03.2024 SEBI has proposed that the disclosures made in Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) of public issues shall also be made available in Audiovisual (AV) format by the issuer companies desiring to list on the main board. The AV on the public issues will be in […]

• March 21, 2024

A company has decided to construct a manufacturing plant for its business. Due to unavailability of housing resources in the backward area, the company has decided to purchase a residential building which is to be used for housing the workers engaged in the construction of the plant. Further, the company has raised a loan from […]