posted: "INCOME TAX : Where assessee company received share capital amount from several companies and furnished necessary details such as copy of PAN and CIN, MOA/AOA, confirmation of parties, bank extracts etc., so as to prove genuineness of its transactions, imp"
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posted: "The Reserve Bank of India (RBI) has allowed Scheduled Commercial Banks to deduct the amount equivalent to credit disbursed to 'New MSME borrowers' from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR). This exem"
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posted: "In view of the ongoing stress on account of COVID-19, the RBI has decided to defer the implementation of NSFR guidelines by a further period of six months. Accordingly, the Net Stable Funding Ratio (NSFR) Guidelines shall come into effect from October 1, "
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posted: "INCOME TAX : Assignment of mere receipts from an Indian company to Israel based Applicant by its US based affiliate without assigning corresponding obligations was prima-facie for avoidance of tax; application for Advance Ruling was to be rejectedINCOME T"
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posted: "The Reserve Bank of India (RBI) has revised directions on the subject issued to Primary (Urban) Co-operative Banks (UCBs). With the advent of this notifications, UCBs shall not make, provide or renew any loans and advances or extend any other financial "
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posted: "The IFSCA has designated Qualified Financial Contract under Bilateral Netting of Qualified Financial Contracts Act, 2020. IFCA has clarified that Qualified financial contract" means any privately negotiated bilateral financial contract executed outside a "
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posted: "The Centralised Processing Center (CPC) has released Guidance Note on filing of ITR-7 for AY 2020-21. The contents of the Guidance Note are for information and broad guidance and do not have any independent legal sanctity.The Centralised Processing Center"
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