Newsletter
Signup our newsletter to get update information, insight or news
Industry News Updates
Get all the latest news and top breaking news live related to Business & Income Tax … Read latest Business news, IT Notifications and news headlines online today.
Client Centric Approach
Backed By Experience
Team Work
SEBI Proposes Review of Framework on Alignment of Interest of Designated Employees of AMCs With Interest of Unitholders
Consultation Paper; dated: 06.11.2024 SEBI has released a consultation paper on a review of the regulatory framework on alignment of the interest of designated employees of an asset management company (AMC) with the interest of unitholders. Currently, AMCs are required to invest 20% of a designated employee’s total remuneration, including non-cash compensation, in schemes over […]
Income-tax (Ninth Amendment) Rules, 2024
Publish Date : Wednesday, October 16, 2024 source
Notification of Tolerance Range for Transfer Pricing for A.Y 2024-25 as per proviso to sub-rule (7) of rule 10CA of the Income-tax Rules, 1962
Publish Date : Tuesday, October 29, 2024 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1210/Notification-of-Tolerance-Range-for-Transfer-Pricing-for-AY-2024-25-29-10-2024.pdf source
RBI Mandates Deposit-Taking Housing Finance Companies to Maintain Liquid Assets to Extent of 15% of Public Deposits
Circular No. RBI/2024-25/61 DOR.FIN.REC.No.34/03.10.136/2024-25, Dated: 12.08.2024 Earlier, the RBI advised that further harmonisation of regulations applicable to Housing Finance Companies (HFCs) & Non-Banking Finance Companies (NBFCs) would be undertaken in a phased manner. Accordingly, based on a review of the extant regulations applicable to HFCs, the RBI has now decided to issue the revised regulations. […]
SEBI Refutes Hindenburg’s Claims, Highlights Ongoing Adani Probe, and Reaffirms Its Commitment to Transparency
Press Release No.17/2024, Dated: 11.08.2024 SEBI takes note of the Hindenburg Research report dated August 10, 2024, and advises investors to exercise caution. SEBI refutes claims of inaction against Adani Group, citing ongoing and completed investigations, and clarifies that any regulatory changes follow a rigorous consultation process. SEBI also emphasizes its commitment to transparency, investor […]
[World Tax News] UK Publishes Policy Paper on Changes to the Taxation of Non-UK Domiciled Individuals and More
Editorial Team – [2024] 165 taxmann.com 294 (Article) World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week. 1. UK publishes policy paper on changes to the taxation of non-UK domiciled individuals The UK Government announced the implementation […]
HC Allowed Person to Travel Abroad for Business Purposes as He Was on Bail and Had Been Diligent During Inquiry
Case Details: Nitin Kapoor v. State of Odisha (DGGI) - [2024] 165 taxmann.com 60 (Orissa) Judiciary and Counsel Details R.K. Pattanaik, J. R.P. Kar, Sr. Adv. & Saurav Tibrewal, Adv. for the Petitioner. Tushar Kanti Satapathy, Sr. SC for GST and Central Tax for the Respondent. Facts of the Case The petitioner was accused of tax […]
Revenue Recognition and Contracts with Customers under Ind AS 115 – Objective | Scope | Recognition
Ind AS 115, Revenue from Contracts with Customers, is an Indian Accounting Standard that provides a comprehensive framework for recognizing revenue. It requires entities to follow a five-step process: identifying the contract with a customer, identifying the performance obligations, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when […]
SEBI Eases REITs/InvITs Nomination Rules Where Nominee Director Appointment Is Allowed Under Debenture Trustee Norms
Circular No. SEBI/HO/DDHS/DDHS-PoD-2/P/CIR/2024/108; Dated: 06.08.2024 Earlier, SEBI notified a master circular for REITs and InvITs dated May 15, 2024, allowing eligible unitholders to nominate only one Unitholder Nominee Director, subject to the unitholding of such eligible unitholders exceeding the specified threshold. Market participants have requested that clarity be provided on the availability of the right […]
Let a Dedicated Tax Expert Do Your Taxes For You.
Get A Consultation
We Provide High-Quality Accounting & Tax Service. Our Businesses are evolving, in the economic realm by providing the best auditing, tax, and assurance services available.