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Income Tax

Casting light on the concept of Updated Income Tax Retu...

Updated income tax return

Finance minister, in her budget 2022 speech, had announced about the provision of filing updated tax return. This will provide taxpayers the opportunity to...

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SEBI

SEBI’s restriction on Mutual Funds for overseas inves...

SEBI’s restriction

The Securities and Exchange Board of India (SEBI) has directed the Mutual Funds (MFs) houses to stop making further investments in schemes investing in ove...

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Latest News NBFC

RBI issues Master Circular on Bank Finance to NBFCs...

Bank finance to NBFCs

Non-banking financial companies have a significant role to play in the India’s current financial system. It broadens the access to financial services and...

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GST

An overview of GST Letter of Undertaking (LUT)

GST Letter of Undertaking

Exporters before the introduction of GST LUT had to submit an export bond for the purpose of exports. The export bond required money which became difficult...

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FEMA

Curious case of FEMA violations by RR (Rajasthan Royals...

FEMA violations by RR

A curious of case of FEMA violations by RR has been discussed in the following piece of information wherein the Directorate of Enforcement has alleged that...

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SEBI

SEBI revises disclosure format for abridged prospectus...

Abridged Prospectus

Capital markets regulator Securities Exchange Board of India vide circular SEBI/HO/CFD/SSEP/CIR/P/2022/14 revised the format of abridged prospectus. This c...

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Latest News

Amendment to the Faceless Assessment Scheme vide Financ...

Finance Bill 2022

The faceless assessment scheme was introduced in 2020, and after two years of its operation, Finance Bill 2022 intends to simplify and rationalise the prov...

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Financial Reporting

Considerations in IFRS 2: Share-based payment transacti...

Share-based payment transactions

The International Financial Reporting Standard (IFRS 2) requires a company to record share-based payment transactions in its financial statements, which in...

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