Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/mastercard-american-express-ban-why-rbi-should-have-pursued-a-more-balanced-course-of-action/primearticleshow/84835574.cms SynopsisThe Reserve Bank has recently barred the two payment-system operators from issuing fresh cards for delayed compliance. While the move has best intentions,
Category: Legal
IT notices issued in the name of deceased person null and void: Delhi High Court – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/it-notices-issued-in-the-name-of-deceased-person-null-and-void-delhi-high-court/article35589203.ece Legal heirs are under no statutory obligation to intimate the death of the assessee The Delhi High Court has held that Income-Tax notices
How to deal with Section 148 Notice issued after 31st March 2021?
Clipped from: https://taxguru.in/income-tax/deal-section-148-notice-issued-31st-march-2021.html The Finance Act, 2021 introduced a new set of reassessment proceedings from 1st April 2021.After such substitution, the Old provisions relating to Reassessment, do not survive.
How the Model Tenancy Act can benefit homeowners and tenants | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/model-tenancy-act-homeowners-tenants-7427337/ While it is a much-needed reform for India’s housing sector, states should use this opportunity to unlock the economic value of vacant housing
HC stays I-T reassessment notice under Sec 148 in VIT case – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/education/hc-stays-i-t-reassessment-notice-under-sec-148-in-vit-case/article35576243.ece The Income Tax department claimed that the assessee’s income chargeable to tax for the assessment year 2015-16 has ‘escaped’ attention. The Madras High
The other side of IBC | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-other-side-of-ibc-121072801872_1.html Any restructuring of stressed accounts outside the IBC would not look credible till the performance of PSBs improves Some recent cases have raised
A quick look into Sebi’s fresh push to crackdown on insider trading | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/a-quick-look-into-sebi-s-fresh-push-to-crackdown-on-insider-trading-121072701358_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 The market regulator recently raised the reward for providing credible information that leads to prosecution from Rs 1 crore to Rs 10 crore
Changes to DICGC Act: Deposit insurance cover gets stronger – The Financial Express
Clipped from: https://www.financialexpress.com/economy/changes-to-dicgc-act-deposit-insurance-cover-gets-stronger/2299587/ Customers to have access to deposits in 90 days if a bank goes bust; start-ups to benefit as a dozen offences by LLPs
Can a registered will be challenged in court? – 5 common doubts about writing a will resolved | The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/5-common-doubts-about-writing-a-will-resolved/can-a-registered-will-be-challenged-in-court/slideshow/84549645.cms A Will is a document written by a living person stating his/her wishes to be executed after his/her death. You can simply write
Papad is papad, irrespective of size and shape, rules Gujarat AAR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/papad-will-be-papad-even-if-there-is-change-in-shape-and-size/article35559891.ece GST not to be applicable Papad appears to be flavour of the season for Gujarat’s Authority of Advance Rulings (GAAR) whose latest ruling
NCLAT to hear FD holders’ plea in DHFL resolution case on Sept 16 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/nclat-to-hear-fd-holders-plea-in-dhfl-resolution-case-on-sept-16/article35560086.ece Petitioners plan to move SC for interim protection The National Company Law Appellate Tribunal (NCLAT) has refused to grant a stay on the
Mastercard to file an independent audit report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/mastercard-to-file-an-independent-audit-report/article35569716.ece Mastercard has already submitted to the RBI its annual System Audit Report but there were delays in sending a supplemental audit report In
DGGI detects Rs 278 crore GST evasion in railway purchases since July 2017 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/dggi-detects-rs-278-crore-gst-evasion-in-railway-purchases-since-july-2017-121072701505_1.htmlIllustration: Ajay Mohanty The Directorate General of GST Intelligence (DGGI) has detected tax evasion worth Rs 278 crore by bidders who were awarded railway tenders since
Towards a lean tax department | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/towards-a-lean-tax-department-121072701781_1.html Worries about vacant positions and their impact on tax collection may be misplaced in a world of technological disruptions A news report in
Estate Planning: Can a registered, conditional gift deed be treated as a will? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/can-a-registered-conditional-gift-deed-be-treated-as-a-will/articleshow/84704878.cmsSynopsis A conditional gift deed and a will are completely different documents having distinct features and purposes. Raj Lakhotia, Founder, Dilsewill,, answers estate planning queries in
SME Chatroom: Destruction of goods warrants reversal of input tax credit | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/sme-chatroom-destruction-of-goods-warrants-reversal-of-input-tax-credit-121072601028_1.html Submit copies of correspondence with the buyer to the bank explaining the reasons for the inward remittance Since you are getting payment against
Decoded: What is prepackaged insolvency resolution & how does process work? | Business Standard News
Clipped from: https://www.business-standard.com/article/specials/decoded-what-is-prepackaged-insolvency-resolution-how-does-process-work-121072701762_1.html The prepackage process for resolution has been popular in Europe and the US over the past decade To be eligible, a company must
A quick look into Sebi’s fresh push to crackdown on insider trading | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/a-quick-look-into-sebi-s-fresh-push-to-crackdown-on-insider-trading-121072701358_1.html The market regulator recently raised the reward for providing credible information that leads to prosecution from Rs 1 crore to Rs 10 crore
Sebi asks for ultimate beneficial owners’ information in Adani firms | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-asks-for-ultimate-beneficial-owners-information-in-adani-firms-121072800007_1.html The custodians are directed to provide information in 15 days Securities and Exchange Board of India The Securities and Exchange Board of India (Sebi) has
UP’s draft population bill has an ableism problem | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/ups-draft-population-bill-population-control-7423718/ Apart from its coercive approach to population control, it plays into the widely prevalent notion of the disabled as a burden. UP Chief
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