• June 13, 2023

Circular No. RBI/2023-24/42 DOR.CRE.REC.18/07.10.002/2023-24, Dated 08.06.2023 With a view to easing the implementation challenges faced by UCBs, the RBI has decided to extend the phase-in time for achieving targets by an additional period of two years. Further, UCBs would not be required to contribute to the Rural Infrastructure Development Fund (RIDF) or other eligible funds […]

• June 12, 2023

Publish Date : Wednesday, June 7, 2023 source

• June 12, 2023

Table of Contents Relevant Notification Relevant Circulars Relevant Case Laws Check out Taxmann's GST Law & Practice is unique/concise book on the GST Laws (i.e., Statutory Portion & Case Laws). What sets it apart is the 'unique way of presenting' the compendium of 'updated, amended & annotated' text of the CGST & IGST Acts along […]

• June 11, 2023

IBBI discussion paper 2, Dated 07.06.2023 The IBBI with an objective to ease the entry in the Insolvency Profession has floated discussion papers on simplifying the enrolment and registration process. The key proposals include Simplification of Enrolment of membership and registration process, modification in exam and Pre-Registration Educational Course (PREC) requirements, streamline the exit process. […]

• June 10, 2023

Table of Contents Additional onus on start-up private limited Co. to explain ‘source of the source’ of share capital/share premium raised Angel tax u/s 56(2)(viib) – share premium received by closely held companies in excess of FMV taxable Check out Taxmann's Taxation of Start-ups & Investors which provides focused analysis, starting from recognising start-ups to […]

• June 9, 2023

Notification No. S.O. 2436(E), Dated 05.06.2023 The Central Government, with the concurrence of the Chief Justice of the Hon’ble High Court of Delhi has designated the Court of Additional Sessions Judge-03, South-West District, Dwarka, Delhi, as a Special Court for the purposes of providing a speedy trial of offences as per section 26A of the […]

• June 8, 2023

Details : ​​ Publish Date : Thursday, May 25, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1139/PressRelease-Increased-limit-for-tax-exemption-on-leave-encashment-for-non-government-salaried-employees-notified-25-5-23.pdf source

• June 8, 2023

Table of Contents Taxing Powers and Source of Income Concept of Permanent Establishment Check out Taxmann's Cross-Border Transactions under Tax Laws & FEMA which provides an easy-to-understand commentary on cross-border transactions with respect to Income Tax, GST, Customs, FEMA, etc. It also provides practical guidance based on judicial interpretation of the law and rules. 1. […]

• June 7, 2023

Case Details: State Bank of India v. Essel Infraprojects Ltd. - [2023] 150 taxmann.com 349 (NCLT-Mum.) Judiciary and Counsel Details Kuldip Kumar Kareer, Judicial Member & Smt. Anuradha Sanjay Bhatia, Technical Member Ms Fatema Kachwalla & Virgil Braganza for the Petitioner. Ashish Kamat, Harsh Moorjani, Tasneem Zariwala & Saurabh Nikalje, Advs. for the Respondent. Facts of the Case In the instant case, […]