INCOME-TAX : Where the assessee has entered into an agreement for payment of commission both with foreign agent as well as domestic company for the purpose of assessee's business, which…
Modern advancement of technology is captured by Artificial Intelligence which is the study of computers and machines producing intelligence equivalent to that of humans. Machines can now do some of…
FEMA amp; BANKING: Where current accounts as well as FD accounts of appellant, a public charitable trust, were frozen by respondent banks and an order of provisional attachment had been…
The SEBI has come out with new framework to strengthen policies on provisional rating by credit rating agencies (CRAs) for debt instruments. Under the framework, all provisional ratings ('long term'…
CBIC has directed customs officers for expediting customs clearances for Covid related imports made by Indian Red Cross society. In all cases of covid related imports facilitated by Ministry of…
In exercise of the powers conferred by sub-section (2) of section 1 of the Government of National Capital Territory of Delhi (Amendment) Act, 2021 (15 of 2021), the Central Government…
Coming straight to the point, it appears that the Government has pressed the “restart” button, as far as the Income Tax Act, 1961 is concerned. The faceless assessment scheme, the…
INCOME TAX : A software engineer in a software industry is a workman within meaning of section 2(s) of Industrial Disputes Act so long as software engineer does not discharge…
The SEBI has notified the Securities and Exchange Board of India (Portfolio Managers)(Second Amendment) Regulations, 2021 whereby it has clarified that Portfolio manager need to obtain prior approval of Board…
The Central Board of Direct Taxes (CBDT) has amended Rule 2DB of the Income-tax Rule which prescribes conditions to be satisfied by the pension fund notified under section 10(23FE). The…