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NBFC

All you need to know about Account Aggregator System in...

Account aggregator system in India

Last year the RBI launched the account aggregator system in India as part of a move aimed at digital transformation in financial services. It provides grea...

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GST

Interest Liability Under GST should be adjudicated If A...

Interest Liability

The High Court of Jharkhand ruled that in case where an assessee disputes the interest liability, where the calculation or its leviability of interest is d...

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PMLA

Allahabad HC Rejects Plea for Anticipatory Bail: PMLA...

Anticipatory Bail

In the case of Anirudh Kamal Shukla v. Union of India, the Allahabad High Court ruled that for money-launderers Jail is the rule & bail is an exception...

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Latest News

What is Production Linked Incentive Scheme?

Production Linked Incentive Scheme

The production linked incentive scheme was introduced first in 2020 with a view to boost domestic manufacturing. This scheme has been launched in 13 sector...

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Finance & Accounting

A brief overview of IFRS 9 on Financial Instruments...

IFRS 9

IFRS 9 is effective for the fiscal years beginning on or after January 1st, 2018, while early adoption is also permitted. The International Accounting Stan...

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Finance & Accounting

A summary of IAS 24 on Related Party Disclosures

IAS 24

A parent entity is required by International Accounting Standard 24 to disclose its transactions with associates, joint ventures, or subsidiaries, commonly...

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Finance & Accounting

Difference between Indian Accounting Standards and Inte...

Indian Accounting Standards

Ind AS refer to Indian Accounting Standards which are converged standards for International Financial Reporting Standards. The existence of Indian Accounti...

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GST

Citing allegations of availing fraudulent GST ITC, HC R...

Refund

Recently the Madras High Court denied to grant a refund of the amount lying in the electronic cash ledger of the assessee due to serious allegations agains...

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