RBI extends Timeline for Finalization of Audited Accounts
The Reserve Bank of India(RBI) has an extended timeline for the finalization of audited accounts. The RBI said that, In view of the on-going...
![Reduction in Price of Stock-in-Trade can be allowed while Computing Business Income only in Trading Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Stock-in-Trade.jpg "Reduction in Price of Stock-in-Trade can be allowed while Computing Business Income only in Trading Account: ITAT [Read Order]")
Karnataka Budget proposes Reduction of Stamp Duty on First Time Registration of New Apartments / Flats
The Karnataka Budget 2020 has proposed the reduction of stamp duty from 5% to 2% on first-time registration of new apartments/flats costing less than Rs.20 lakh. While presenting the Karnataka budget...
Interest Received on FDRs/ICDs with Bank/NBFCs made out of Unutilized Funds which could not be used in development of Port Terminal is Capital Receipt: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) in the case of M/s. Karanja Terminal and Logistics Pvt. Ltd. held that interest received on FDRs/ICDs with bank/NBFCs made out of...
![Interest Received on FDRs/ICDs with Bank/NBFCs made out of Unutilized Funds which could not be used in development of Port Terminal is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Capital-Receipt-Taxscan.jpg "Interest Received on FDRs/ICDs with Bank/NBFCs made out of Unutilized Funds which could not be used in development of Port Terminal is Capital Receipt: ITAT [Read Order]")
RBI releases draft circular on “Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies” for public comments
The Non-Banking Financial Companies (NBFCs) play an important role in the financial system of the country, particularly in delivering credit to the last mile, including the retail as well as MSME...
RCM applicable for Service by Individual Direct Selling Agents (DSAs) to Banks / NBFCs [Read Notification]
The Central Board of Indirect Taxes and Customs ( CBIC ) has notified that the services supplied by individual Direct Selling Agents (DSAs) to banks/ non-banking financial company (NBFCs) are taxable...
![RCM applicable for Service by Individual Direct Selling Agents (DSAs) to Banks / NBFCs [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/06/Reverse-Charge-Mechanism.jpg "RCM applicable for Service by Individual Direct Selling Agents (DSAs) to Banks / NBFCs [Read Notification]")
