CBIC: Extension of the limitation period applies only to judicial orders

The CBIC issued a new circular no. 157/13/2021 on 21st July 2021.…

Banks Might Face Legal Problems Upon Invoking Personal Guarantees

In May, the Supreme Court permitted invoking personal guarantees concerning corporate debtors.…
Tax Exemption

Goodwill depreciation: CBDT inserts new rules for computing STCG and WDV

The Central Board of Direct Taxes notified the computation mechanism of written…

Will Top Banks in India Resume Services Related to Cryptocurrencies?

The RBI clarified on May 31, 2021, stating that banks and regulated…

RBI nudges banks to be cautious about their crypto exposures

Looking at the speculative boom of the cryptocurrency market since the pandemic,…

No extension of loan moratorium, interest waiver not possible

The Supreme Court passed judgement on the loan moratorium case on Tuesday.…

Consistent EMI Payments During Moratorium Period Rewards Borrowers

Good news, borrowers! Banks have agreed to credit back ‘interest on interest’…
RBI

Lending Institutions To Implement the Interest Waiver Scheme By 5th Nov

The Reserve Bank of India (RBI) instructs all lending institutions which includes…

Centre States Disinfectant Tunnels Are Harmful

Public Interest Litigation (PIL) by Gusimran Singh Narula before the Supreme Court…

Telecoms To Pay Adjusted Gross Revenue (AGR) Dues In 10 Years

The telecom service providers have failed to pay the Adjusted Gross Revenue…