• July 13, 2023

Introduction The IFSCA vide notification dated July 6, 2023 notified an amendment to the IFSCA (Banking) Regulations, 2020. The amendment brings forth a significant change by allowing the establishment of a banking unit in an International Financial Services Centre (IFSC) as either an IFSC Banking Unit (IBU) or an IFSC Banking Company (IBC). Earlier, this […]

• July 12, 2023

Notification No. IFSCA/2023-24/GN/REG041., Dated: 06.07.2023 The IFSCA has notified an amendment to the IFSCA (Banking) Regulations, 2020. The amendment allows for the setting up of a Banking unit in an International Financial Services Centre (IFSC) as either an IFSC Banking Unit (IBU) or an IFSC Banking Company (IBC). Earlier, the option to set up an […]

• July 11, 2023

The GSTN has issued an advisory to inform that the functionality for geocoding the principal place of business address is now live for all States and Union territories. This feature, which converts an address or description of a location into geographic coordinates, has been introduced to ensure the accuracy of address details in GSTN records […]

• July 11, 2023

Publish Date : Thursday, July 6, 2023 source

• July 10, 2023

Publish Date : Monday, July 10, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1142/Press-Release-DTC-for-FY-2023-24-up-to-09.07.2023-dated-10-07-2023.pdf source

• July 10, 2023

Prof R Balakrishnan – [2023] 152 taxmann.com 155 (Article) 1. Code for independent directors Under the provisions of the Companies Act 2013, Schedule IV of the Companies Act 2013 has prescribed “Code for Independent Directors”. Sub-section (8) of section 149 of the Companies Act, 2013 spells out that the company and independent directors shall have […]

• July 9, 2023

Notification No. SEBI/LAD-NRO/GN/2023/135; Dated: 03.05.2023 The SEBI has notified the SEBI (Issue and Listing of Non-Convertible Securities) (Second Amendment) Regulations, 2023. Various amendments have been made to the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The key highlights of the amendment are as follows: Definitions of “Key Managerial Personnel” and “Senior Management” newly […]

• July 8, 2023

Case Details: Liakhat Ali Mallick v. State of West Bengal - [2023] 152 taxmann.com 114 (Calcutta) Judiciary and Counsel Details T. S. Sivagnanam, C.J. & Uday Kumar, JJ. Avra Mazumder & Suman Bhowmik for the Appellant. Anirban Ray, T. M. Siddiqui & Saptak Sanyal for the Respondent. Facts of the Case In the instant case, the assessee paid the entire […]

• July 7, 2023

Case Details: Mohamed Ibrahim v. Income-tax Officer (International Taxation) - [2023] 151 taxmann.com 406 (Chennai-Trib.) Judiciary and Counsel Details V. Durga Rao, Judicial Member & G. Manjunatha, Accountant Member T. Vasudevan, Adv. for the Appellant. D. Hema Bhupal, JCIT for the Respondent. Facts of the Case Assessee, a non-resident, sold two immovable properties during the relevant year and […]