Mumbai recently ruled in favor of Pathare Prabhu Co-operative Housing Society Ltd., allowing deductions under Section 80P(2)(d) of the Income Tax Act, 1961, for interest income earned from deposits in ...

The primary contention was whether interest income from co-operative banks qualifies for deduction under Section 80P (2) (d). The assessee argued that a portion of these investments was statutory and ...

Mumbai had earlier admitted a Section 9 application under the Insolvency and Bankruptcy Code (IBC) filed by Alcuris Healthcare, treating the outstanding dues as operational debt. However, the NCLAT ...

Insolvency and Bankruptcy Board of India (IBBI) has issued an order deferring action against Insolvency Professional (IP) Naren Sheth concerning allegations of including related parties in the ...

The landscape of investment management in India has significantly evolved over the years, marked by the introduction and development of various investment products. SEBI has adopted a segmented ...

Additionally, SEBI has introduced measures to prevent mis-selling by restricting distribution commissions on NFO switch transactions within the same AMC. Sub: Timelines for deployment of funds ...

Today, Chairperson, SEBI launched ‘Bond Central’ – a Centralised Database Portal for Corporate Bonds. The portal has been developed by Online Bond Platform Providers Association (OBPP Association) in ...

1, The standard deduction for salaried individuals has been raised from ₹50,000 to ₹75,000 under the new tax regime, effective from FY 2024–2025. 2. Family Pensioners’ Deduction: Under the new tax ...

According to data from the New York Mercantile Exchange Comex, global silver prices have reached their highest level in five ...

The repo rate is the rate at which the RBI lends to commercial banks. When the repo rate is cut, banks are able to borrow at cheaper rates, theoretically allowing them to transfer the gains to ...

Limited Liability Partnerships (LLPs) in India have to follow annual return filing necessities to keep away from legal penalties and consequences. LLP Annual Return Filing includes submitting crucial ...

(Finance Act (No.2): Section 146 w.e.f. from 01/11/2024) ...