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Taxation

Assessment orders cannot be passed under Section 153A o...

Assessment orders cannot be passed under Section 153A order if no incriminating material is seized

In the caselaw of Smt. Smrutisudha Nayak vs. Union of India & Others [W.P. (C) Nos. 10587 of 2009 dated October 27, 2021], the Honourable Orissa High C...

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Company Registration Global Registration

All you need to know about Registering your Company in...

All you need to know about Registering your Company in Russia

Considering the ease of doing business in Russia, entrepreneurs from around the world are eager to set up a company there. It involves going through a dedi...

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FEMA

Treatment of Capital Gains Tax for Non-resident Indians...

Treatment of Capital Gains Tax for Non-resident Indians

An individual's taxability is determined by his or her residence status. A resident taxpayer, for example, is required to pay tax on all of his income deri...

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SEBI

SEBI notifies New Registration Requirement for Cat I &#...

SEBI notifies New Registration Requirement for Cat I & II AIF Managers

Those fund managers that desire facilitating co-investments for contributors, sponsors or themselves, related to their category I or category II AIFs, must...

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RBI Notification

RBI’s Retail Direct Scheme to facilitate investment i...

RBI’s Retail Direct Scheme to facilitate investment in G-Secs

Introduction In order to increase retail participation in government securities, the RBI, - Retail Direct facility was launched in the Statement of Develop...

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IPO Support

SEBI Proposes Stricter IPO Norms

SEBI Proposes Stricter IPO Norms

The Securities & Exchange Board of India proposed to tighten the rules governing IPOs with a view to ensure more transparency and accountability. The c...

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RBI Notification

RBI issues Directions for Appointment of Internal Ombud...

RBI issues Directions for Appointment of Internal Ombudsman by NBFCs

The Reserve Bank of India recently issued a detailed guideline on appointment of an internal ombudsman by NBFCs (Non-Banking Financial Companies). The RBI...

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GST Advisory

CBIC issues recommendations to GST Officers regarding I...

CBIC issues recommendations to GST Officers regarding ITC blocking

The CBIC has issued instructions for GST field officers restricting input tax credits, stating that such ITC blocking should be based on "material proof" r...

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