• February 15, 2023

SEBI Informal Guidelines SEBUHO/IMD0MD-PoD-1/0W/N2023/509911, Dated 10.02.2023 Background SEBI vide. its Circular No. dated October 5th, 2010, specified that new clients who intend to register as Portfolio Manager must sign a separate document about fees and charges and write by hand that they understand the fees and charges structure. It was observed that in case of […]

• February 14, 2023

Table of Contents 1. Interim Financial Reporting (IFR) 2. Need and Objective 3. Scope 4. What are financial statements? 5. Principles of recognition and measurements 6. Annual effecting tax rate 7. Accounting Policies 8. Minimum Components of Interim Financial Report 9. Form and contents of interim financial statements 10. Minimum disclosure of notes 11. Significant […]

• February 13, 2023

Case Details: Bheema Construction v. Assistant Commissioner of Commercial Taxes - [2023] 147 taxmann.com 112 (Karnataka) Judiciary and Counsel Details S.R. Krishna Kumar, J. Pradhyumna Hejib, Adv. for the Petitioner. Hema Kumar, AGA for the Respondent. Facts of the Case The GST department issued order of cancellation of GST registration of the petitioner. However, the revocation of […]

• February 12, 2023

Case Details: Salem Textiles Ltd. v. Deputy General Manager, Industrial Financial Corporation of India Ltd - [2023] 146 taxmann.com 521 (Madras) Judiciary and Counsel Details R. Suresh Kumar, J. Akhil Bhansali for the Petitioner. P. Raghunathan for the Respondent. Facts of the Case In the instant case, Hon’ble High Court directed DGM of Industrial Financial Corporation of […]

• February 12, 2023

Publish Date : Tuesday, February 7, 2023 source

• February 11, 2023

Case Details: Smita and Sons Coal (P.) Ltd. v. State of Gujarat - [2023] 147 taxmann.com 141 (Gujarat) Judiciary and Counsel Details Ms Sonia Gokani & Sandeep N. Bhatt, JJ. Vijay H. Patel for the Petitioner. Siddharth Rami for the Respondent. Facts of the Case The petitioner was engaged in the business of trading in coal. The […]

• February 11, 2023

Publish Date : Monday, February 6, 2023 source

• February 10, 2023

Press Release: 2022-2023/1680, Dated 08.02.2023 On the basis of an assessment of the current and evolving macroeconomic situation, the RBI’s Monetary Policy Committee at its meeting decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.50 % with an immediate effect. Consequently, the standing deposit facility […]

• February 9, 2023

General Circular No. 03/2023, Dated 07.02.2023 After considering various representations, in continuation of General Circular 1/2023, dated, 09.01.2023, the MCA has decided to allow an additional 15 days to file certain forms without additional fees. Form PAS-03 & 45 other forms, whose due dates for filing falls between 20.01.23 and 06.02.23, can now be filed […]