Monday, February 26, 2024

Monthly Archives: November, 2020

Secured Working Capital Loans from a leading Private sector bank.

Loan amount from INR 10 Lakhs - 5 Crores Turnover - Minimum 50 Lakhs and Maximum 15 Crores. We are also doing following products ✅ Term loan ✅...

Summons and Commission with reference to Income Tax Act, 1961.

Summon in the Income Tax. It is easy and simple to get an Income Tax assessment on one hand and difficult on the other. The...

TAXMAN GOES AFTER COMPANIES UNDERTAKING FRAUDS WITHIN DIFFERENT STATES

The tax department on Wednesday said that it is going after companies and scrutinising transactions between various companies within different states. The tax department said...

SEBI Settlement Scheme 2020 extended till 31.12.2020

SEBI Settlement Scheme 2020 extended till 31.12.2020SEBI on 31st day of October, 2020 has issued Public notice in respect of Extension of the SEBI...

NO ‘SECURED CREDITOR’ STATUS TO FINANCIER IF HYPOTHECATION CHARGE NOT REGISTERED

Volkswagen Finance Private Ltd. Vs Shree Balaji Printopack Pvt. Ltd. (NCLAT Delhi) From the documentary evidence on record it is clear that no ‘Charge’ has...

AO CANNOT CHANGE SHARE VALUATION METHOD ADOPTED BY TAXPAYER

Karmic Labs Pvt. Ltd. Vs ITO (ITAT Mumbai) We note that the assessee has issued shares at a premium. In order to ascertain the market...

NRIS IN TAX HAVEN DATA TOLD TO PROVE RESIDENCY STATUS

The income-tax department has asked several individuals to prove their non-resident status for assessment years 2013-14 to 2017-18. While filing their tax returns for the...

GST COMPLIANCE TIGHTENED: BUYERS FROM BIG FIRMS TO SHOW VALID E-INVOICES FOR TAX CREDIT

It has been touted as a game changer, and one of the reasons why the proposed overhaul of GST return-filing system was abandoned earlier...

PORTFOLIO MANAGERS MUST PROVIDE DISCLOSURE DOCUMENT BEFORE AGREEMENT: SEBI

Portfolio managers need to provide disclosure document, comprising quantum and manner of payment of fees payable for each activity, to clients before entering into...

RBI ISSUES REGULATORY FRAMEWORK FOR HOUSING FINANCE COMPANIES

The central banking regulator, the Reserve Bank of India (RBI), recently issued a circular (RBI HFC Circular) introducing changes to the regulatory framework for...

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