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SEBI Introduces ‘MF Lite Framework’ for Passive Mutual Fund Schemes to Reduce Entry Barriers and Compliance Costs
Circular No. SEBI/HO/IMD/PoD2/P/CIR/2024/183, Dated 31.12.2024 SEBI has introduced the MF Lite framework for passively managed Mutual Fund schemes to ease entry, reduce compliance costs, and foster innovation. The MF Lite framework applies to passive schemes such as Gold ETFs, Silver ETFs, and Fund of Funds (FoFs) investing solely in Gold or Silver ETFs. It also […]
SEBI Issues Master Circular Consolidating Directions for Stock Exchanges and Clearing Corporations Till October 31, 2024
Circular No. SEBI/HO/MRD-PoD2/CIR/P/2024/00181, Dated: 30.12.2024 SEBI has been issuing various circulars/directions to Stock Exchanges and Clearing Corporations. In order to enable the users to have access to all the applicable circulars/directions at one place, SEBI has prepared ‘Master Circular for Stock Exchanges and Clearing Corporations’ covering the relevant circulars/communications pertaining to Stock Exchanges and Clearing […]
GST SPL 02 is Made Available in the GST Portal | GSTN Update
GSTN Update dated December 29th, 2024 The GSTN has issued an advisory to inform that Form GST SPL-02 is made available in the GST portal and Form GST SPL-01 will be available soon in the GST portal. Under the waiver scheme, for a demand notice or statement or order which has been issued under Section […]
Extension of due date for furnishing belated/revised return of income for the Assessment Year 2024-25 in certain cases
Publish Date : Tuesday, December 31, 2024 source
Sec. 54F Relief Available Even if New House is Purchased in Name of Wife Who is Separately Assessed | ITAT
Case Details: Vidjayane Durairaj - Vidjayane Velradjou vs. ITO - [2024] 169 taxmann.com 625 (Chennai-Trib.) Judiciary and Counsel Details Aby T. Varkey, Judicial Member & Jagadish, Accountant Member V. Meenakshi Sundar, CA for the Appellant. P. Krishna Kumar, JCIT for the Respondent. Facts of the Case The assessee didn’t file his return of income for the relevant […]
Extension of due date for determining amount payable as per column (3) of Table specified in section 90 of Direct Tax Vivad Se Vishwas Scheme, 2024
Publish Date : Monday, December 30, 2024 source
[Opinion] ROC Penalizes the Chief Financial Officer of the Company for Holding Office in Multiple Companies
Prof R Balakrishnan – [2024] 169 taxmann.com 654 (Article) 1. Background of the case This is a case in which a former chief financial officer (KMP) of M/s Gwalior Smart City Development Corporation Limited has been penalized by the Registrar of Companies/Adjudication Officer of Gwalior as the concerned chief financial officer (KMP) was holding office […]
HC Upholds Petitioner’s Arrest by ED Citing Fraud Allegations, Need for Further Investigation, and Evidence Tampering Risk
Case Details: Arvind Dham v. Union of India - [2024] 169 taxmann.com 564 (HC-Delhi) Judiciary and Counsel Details Anish Dayal, J. Vikram Chaudhari, Pramod Kumar Dubey, Sr. Advs., Avi Singh, Shambhu K. Thakur, Sumer Singh Boparai, Ayush Puri, Ms. Arveen Sekhon, Shikhar Garg, Ashutosh Jain, Vinayak Bhandari, Sirhaan Seth, Shobh Nath Maurya, Rishabh Basra, Vishal Singh, Sultan Jafri, Sidhant Saraswat, Ayush Sachan, Vaibhav Kapur, Ms. Muskan Sharma & Varun Bhati, Advs. for the Petitioner. […]
RBI Forms a Committee to Develop the Framework for Responsible and Ethical Enablement of AI in the Financial Sector
Press Release: 2024-2025/1779, Dated: 26.12.2024 The RBI has set up a Committee on Framework for Responsible and Ethical Enablement of Artificial Intelligence in the financial sector. Dr. Pushpak Bhattacharyya will be the Chairperson of the committee. The committee will assess the current level of adoption of AI in financial services, globally and in India, & […]
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