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Taxation

Peak Credit in IT Assessment

peak credit

During the time of Income Tax assessment, if the Assessment Officer discovers cash receipts or cash deposits in the bank account of the assessee and the as...

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RBI Notification

NBFCs must implement Core Financial Services Solutions...

The Apex bank regulator of India, the Reserve Bank of India (RBI) has taken a out a notification dated 23rd February 2022 which asks a certain class of Non...

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FEMA

Mandatory filing of APR for investments made outside In...

filing of APR

The Foreign Exchange and Management Act, 1999 (FEMA) has made mandatory filing of APR or Annual Performance Report separately for each and every JV/WOS if...

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FEMA

Regulatory framework of issue of securities to foreigne...

Securities to Foreigners

India offers the world lower corporate taxes and skilled labour. Therefore, companies across the world make their investments in India. One of the most sou...

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Transfer Pricing in India

An Overview of Top Concerns on Transfer Pricing

Concerns on Transfer Pricing

The focus of the Budget of 2022-23 was inclined towards maintaining the status quo in relation to direct taxation and offer the world a predictable and a s...

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PMLA

Allegations of misuse of PMLA examined by the SC

misuse of PMLA

The honourable Supreme Court of India (SC) is examining a batch of petitions where allegations have been put against the Prevention of Money Laundering Act...

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PMLA

Jurisdiction of ED under PMLA

jurisdiction of ED

Recently, a matter where the Directorate of Enforcement (ED) recovered unaccounted money to the tune of Rupees 190 crore was referred to the Supreme Court...

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GST Returns

Common mistakes in filing of GST returns

mistakes in filing of GST returns

Prior to the GST regime, the VAT system existed, which allowed revision of the returns in case any error was identified. But such privilege is not allowed...

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