Subsequently asserted that the twin conditions under Section 263 were absent as the AO had conducted due inquiry. Revenue contended that Section 37(1) disallowed CSR expenses which were not wholly and ...

Introduction When I wrote an article on this topic last year, for the very first time, I stated that rebate was not being allowed from 5th June 2024. After ...

Explore rules of agricultural income taxation in India. This guide clarifies how agricultural income is defined, what ...

Anybody carrying on the business of Digital Marketing with cash transactions both on the aspect of receipts and payments in cash below 5% of the turnover, which was below Rs.5 Crores as per the ...

SEBI is seeking public comments on a proposal for a new type of AIF scheme exclusively for Accredited Investors, with a simplified regulatory framework and greater ...

SEBI releases a consultation paper proposing to allow resident Indians through retail schemes and mutual funds, to participate more easily in Foreign Portfolio Investors ...

SEBI's new SWAGAT-FI framework aims to simplify FPI and FVCI investments for trusted foreign entities by streamlining registration, compliance, and ...

A SEBI consultation paper proposes regulatory changes for Large Value Funds (LVFs) for accredited investors. Proposals include reducing the minimum investment to ₹25 crore, removing restrictions on ...

RBI directs banks, NBFCs, and other entities to implement Supreme Court’s accessibility guidelines for digital KYC, ensuring inclusion for persons with ...

The RBI has proposed new draft regulations to rationalize guarantees under FEMA 1999 expanding the automatic route and introducing new reporting ...

The Reserve Bank of India has released a report outlining the FREE-AI framework, a set of principles and recommendations for ...

The Reserve Bank of India has issued its second amendment to the KYC Directions, adding provisions for persons with disabilities, clarifying rules for international transactions, and incorporating ...