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PMLA

Property cannot be attached indefinitely on the pretext...

Property cannot be attached indefinitely on the pretext of Investigation PMLA

Recently, the Appellate Tribunal of Prevention of Money Laundering Act, 2002 (PMLA) came across a case where the appellant pleaded before the tribunal agai...

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Financial Reporting

A Detailed Overview of IFRS 1

A detailed overview of IFRS 1

The IASB is in charge of establishing IFRS and approving interpretations of those standards. The International Financial Reporting Standards (IFRS) are des...

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SEBI

Essential Directions on Recovery of Shares in India...

Essential Directions on Recovery of Shares in India

The Securities and Exchange Board of India issued simplified and standardised guidelines for investor service requests including the establishment of a fra...

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Income Tax

CBDT extends ITR filing deadline for FY 2020-21

CBDT extends ITR filing deadline for FY 2020-21

The Central Board of Direct Taxes extended the deadline for ITR filing (FY 2020-21) for certain category of taxpayers. The income tax department made this...

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Finance & Accounting

Applicability of Accounting standards on Mergers &...

Applicability of Accounting standards on Mergers & Acquisitions - Ind AS 103 and AS 14

There is no uniform accounting standard that governs accounting procedures and disclosures in situations where one business gains control of another. The a...

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Fintech

RBI establishes Fintech Department for development of F...

RBI establishes Fintech Department for development of Fintech industry

The developments and innovations in the Fintech industry are taking place in leaps and bounds. In order to cope up with the innovations taking place in the...

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FEMA

NRIs & OCIs don’t need RBI approval to buy/sell...

NRIs & OCIs don’t need RBI approval to buy/sell Immovable Property in India: RBI

The Reserve Bank recently clarified that NRIs (Non-Resident Indians) and OCIs (Overseas Citizens of India) don’t require prior RBI approval to buy or sel...

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Startup

Tax exemptions for start-ups and other incentives

Tax exemptions for start-ups and other incentives

A start-up, in the broadest sense, is a business venture launched by entrepreneurs, often young and inexperienced, who have new ideas that have the potenti...

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