BKK Budget Analysis 2024
BKK had conducted a Budget 2024 Webinar on July 26, 2024. In this webinar, we had shared our views on certain critical amendments proposed in the Finance (No. 2) Bill, 2024. The recorded session of this webinar can be seen below.
BKK had conducted a Budget 2023 Webinar on February 7, 2023. In this webinar, we had shared our views on certain critical amendments proposed in the Finance Bill, 2023. The recorded session of this webinar can be seen below.
B K Khare and Co - Direct Tax Newsletter
August 2024
The Assessee company filed its return of income for AY 2022-23 on December 1, 2022 declaring total income of Rs. 10.15 crores. The return of income was processed u/s 143(1), whereby the CPC accepted the returned income but rejected the claim of option exercised by the Assess
30 August 2024
B K Khare and Co - Direct Tax Newsletter
August 2024
Section 170, which deals with cases of succession to business in cases other than death, is mostly based on robust common sense. The marginal note to the section clearly indicates that the provision deals only with succession to a business, vocation or business otherwise tha
23 August 2024
B K Khare and Co - Regulatory Newsletter
August 2024
The regulatory landscape for Credit Rating Agencies (CRAs) is set to become more streamlined and transparent, thanks to some changes introduced through the Circular dated July 04, 2024. These changes, which amend Chapter III of the Master Circular dated May 16, 2024, aim to
14 August 2024
BKK Analysis Budget 2024 2.0
July 2024
The Union Budget 2024-25, presented by the Finance Minister Nirmala Sitharaman, comes at a pivotal moment for the Indian economy. As the country navigates post-pandemic recovery and contends with global economic uncertainties, this budget lays down a strategic blueprint for
25 July 2024
B K Khare and Co - Regulatory Newsletter
July 2024
The circular provides guidelines to Stock Exchanges regarding Investor Protection Fund and Investor Services Fund and also lays down Standard Operating Procedure for handling Investor claims.
10 July 2024
B K Khare and Co - Direct Tax Newsletter
July 2024
The petitioner had filed a writ petition challenging the order passed u/s 148A(d) of the Income Tax Act, 1961 and the consequential notice u/s 148 of the Act for the Assessment Year 2020-21.
5 July 2024
B K Khare and Co - Regulatory Newsletter
June 2024
The Securities and Exchange Board of India (SEBI) has introduced significant amendments to the regulatory framework governing Alternative Investment Funds (AIFs), aimed at enhancing transparency and diligence in the industry
10 June 2024
B K Khare and Co - Direct Tax Newsletter
May 2024
Assessee, being a company, was subject to scrutiny assessment u/s 143(3) which was pending when search u/s 132 of the Act was conducted against the assessee thereby triggering section 153A of the Act. Hence the said search abated the scrutiny assessment. Subsequently, the CI
31 May 2024
B K Khare and Co - Regulatory Newsletter
May 2024
SEBI has amended the AIF regulations to allow Category I and II AIFs to create encumbrances on equity of investee company in the infrastructure sector, only for the purpose of borrowing by such investee company.
10 May 2024
B K Khare and Co - Direct Tax Newsletter
April 2024
Assessee, being a company, claimed a refund which was adjusted by the Revenue, without prior notice issued to the assessee, against the outstanding demand of subsequent year, despite there being a pending stay application related to the issues covered by the tribunals order
26 April 2024
B K Khare and Co - Regulatory Newsletter
April 2024
SEBI has issued Securities and Exchange Board of India (Index Providers) Regulation, 2024 dated March 8, 2024. These regulations aim to provide a regulatory framework for Index Providers in the securities market to foster transparency and accountability in the governance and
12 April 2024
B K Khare and Co - Regulatory Newsletter
March 2024
The draft offer documents / draft letter of offer filed with the Board for public issue / rights issue of securities (hereinafter draft offer document) need to be compliant with Schedule VI of SEBI (ICDR) Regulations. It has been observed at times that draft offer documents
12 March 2024
B K Khare and Co - Direct Tax Newsletter
March 2024
The assessee, Lex Sportel Vision Private Limited, engaged in the business of broadcasting or sub-licensing right to broadcast sport events e.g., golf, cricket, soccer etc. on live and non-live basis. Assessee entered into agreements with various non-resident entities for acq
8 March 2024
B K Khare and Co - Regulatory Newsletter
February 2024
In line with Regulation 31(4) of SEBI (Foreign Portfolio Investors) Regulations, 2019, and Regulation 20 of the SEBI (Custodian) Regulations, 1996, along with the Master Circular for Custodians dated April 27, 2023, SEBI has mandated that DDPs and custodians submit specified
8 February 2024
B K Khare and Co - Direct Tax Newsletter
January 2024
Assessee, a Singapore based company, invested in equity and preference shares of Rs. 4.91 crores in another Singaporean company, Accelyst Pte Ltd. (APL) between January 2013 to March 2014. On March 27, 2015, Assessee sold its Singaporean investment to an Indian company for R
29 January 2024
B K Khare and Co - Regulatory Newsletter
January 2024
SEBIs recent circular, SEBI/HO/MRD/TPD/P/CIR/20, heralds a pivotal change: the introduction of a Software as a Service (SaaS) model for Risk Management Systems (RMS) in Clearing Corporations (CCs). This strategic shift aims to fortify Business Continuity Planning (BCP) and D
5 January 2024
B K Khare and Co - Direct Tax Newsletter
January 2024
S.164 is a special provision applicable specifically to private discretionary trusts where the beneficiaries are indeterminate or unknown. It confines itself specifically to defining the rate of tax to be levied in such cases, the total income of the representative assessee
3 January 2024
B K Khare and Co - Direct Tax Newsletter
December 2023
Bellary Iron Ores Pvt Ltd Assessee company was engaged in the business of extraction, processing, manufacturing and sale of iron ore. During the relevant previous year, the company had not carried out mining activities since the mining came to be suspended by the order of Ho
22 December 2023
B K Khare and Co - Regulatory Newsletter
December 2023
RBI has increased risk weights on consumer loans given by banks, non-banking finance companies (NBFCs) and credit card providers, making it more expensive for lenders to offer loans in these segments. Consumer credit refers to the loans given to individuals, which consists o
5 December 2023
B K Khare and Co - Regulatory Newsletter
November 2023
In June 2023, SEBI amended Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulation) which requires certain listed companies, to confirm, deny or clarify market rumours. This requirement is applicable to the top 10
19 November 2023
B K Khare and Co - Direct Tax Newsletter
October 2023
The Petitoners case for selected for reassessment and a notice u/s 148 was issued to the Petitioner, which was duly acknowledged by the Petitioner. The Petitioner had also submitted his objections to the re-opening of the assessment and the same were duly averted by the Asse
17 October 2023
B K Khare and Co - Regulatory Newsletter
October 2023
In a move aimed at enhancing transparency and ease of access to critical information, the Securities and Exchange Board of India (SEBI) has introduced a revamped format for abridged prospectuses concerning the public issuance of non-convertible debt securities. The revised f
6 October 2023
B K Khare and Co - Direct Tax Newsletter
September 2023
Section 56(2)(viib) of the Income-tax Act, 1961 (ITA) provides that when a closely held company in India receives any consideration from any resident person for issuance of shares at a premium which is in excess of Fair Market Value (FMV) of the shares then such excess consi
29 September 2023
B K Khare and Co - Direct Tax Newsletter
September 2023
By itself section 163 is a compact provision, but in the context of the globalized world in which we live and the large amounts of FDI currently pouring into our country (the figure was $85 billion during FY 2021-22,) it has large ramifications: it deals with the question as
21 September 2023
B K Khare and Co - Regulatory Newsletter
September 2023
RBI has issued a circular on how banks can levy penalties on loan accounts. The circular specifies that penalties, if imposed, should be considered as penal charges rather than penal interest added to the interest rate on loans. These charges should not lead to further inter
5 September 2023
B K Khare and Co - Regulatory Newsletter
August 2023
In a significant move to promote responsible business conduct and sustainability reporting, the Securities Exchange Board of India (SEBI) had earlier introduced the Business Responsibility and Sustainability Reporting (BRSR) format. The BRSR Core, applicable to the top 1,00
9 August 2023
B K Khare & Co. - Direct Tax Newsletter
August 2023
The Assessee, is a company engaged in the business of distribution of pharmaceutical goods, surgical and diagnostics goods. The assessee’s case was selected for scrutiny due to huge cash deposits made during the year. The assessee, as per the Gazette notification dat
4 August 2023
B K Khare and Co - Regulatory Newsletter
July 2023
The Reserve Bank of India (RBI) has issued instructions to Regulated Entities (REs) regarding compromise settlements for stressed accounts. Recognizing compromise settlements as a valid resolution plan, the RBI aims to facilitate the resolution of stressed assets and har
11 July 2023
B K Khare & Co. - Direct Tax Newsletter
June 2023
Anurag Gupta (‘Petitioner’) filed his return of income for the AY 2018-19 and the same was processed u/s 143(1) of the Act. Subsequently, a notice u/s 148A(b) of the Act (dated March 8, 2022) was issued by the Assessing Officer (‘AO’), stating t
30 June 2023
B K Khare and Co - Regulatory Newsletter
June 2023
Reserve Bank of India requires all non-individual borrowers to obtain a LEI code in a phased manner. SEBI, through this Circular, has mandated the applicability of LEI to a certain set of borrowers
7 June 2023
B K Khare & Co. - Direct Tax Newsletter
May 2023
The Assessee is an individual engaged in share trading business and also received commission and consultancy income. The Assessee filed its return of income for AY 2013- 14 declaring income of Rs. 16.90 Lacs. In assessment, the AO noted that the Assessee had received Rs.
25 May 2023
B K Khare and Co - Regulatory Newsletter
May 2023
The previous Master Circular dated April 1, 2022 on ‘Bank Finance to NBFCs’ had laid down RBI’s policy regarding Bank finance to NBFCs, primarily applicable to all scheduled commercial banks. The key change brought into this updated Master Circular is
5 May 2023
B K Khare & Co. - Direct Tax Newsletter
April 2023
Bid Services Division (Mauritius) Ltd. (‘Petitioner’) is a wholly owned subsidiary of a South African parent (‘Bid Africa’), which in-turn is held by a South African listed Company (‘Bidvest’). The Petitioner holds a Category-I Glob
29 April 2023
B K Khare and Co - Regulatory Newsletter
April 2023
In the present scenario, the dependence on cloud computing for delivering IT services is increasing. Cloud computing offers multiple advantages viz. ready to scale, ease of deployment, no overhead of maintaining physical infrastructure, etc., but on the other hand, the
13 April 2023
B K Khare & Co. - Direct Tax Newsletter
March 2023
Section 160 enumerates five categories of representative assessees. These five categories comprise: i. the agent of a non-resident, ii. the guardian or manager of a lunatic, idiot or minor, iii. the court of wards, administrator-general, official trustee. receiver or
29 March 2023
B K Khare and Co - Regulatory Newsletter
March 2023
In terms of Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), the listed entities (except entities listed on Innovators Growth Platform without making a public issue) are required to comply with the minimum public sharehold
10 March 2023
B K Khare & Co. - Direct Tax Newsletter
February 2023
In this newsletter we have covered some of the noteworthy decisions of the Income-tax Appellate Tribunal and Authority for Advance Ruling, which we hope will be of interest to you.
28 February 2023
BK Khare & Co Regulatory Newsletter
February 2023
Extension of timelines for entering and verification of the details of the existing outstanding non-convertible securities in the ‘Security and Covenant Monitoring’ system hosted by Depositories.
9 February 2023
B K Khare and Co - BKK Budget Analysis 2023
February 2023
It gives us great pleasure in sharing with you, our analysis of the Budget 2023, comprising various direct and indirect tax proposals as well as of Economic Survey. Being, so to say, an eve of General Election budget, the issue was whether the FM would present a populist
3 February 2023
BK Khare & Co - Regulatory Newsletter
January 2023
SEBI, on November 15, 2022, issued the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2022 to further amend the SEBI (LODR) Regulations, 2015. The amendments relate to appointment and removal of indepen
12 January 2023
B K Khare & Co. - Direct Tax Newsletter
January 2023
We have in this edition covered the interesting and salient decisions of the Courts, pertinent to our readers and hope will make an interesting read.
6 January 2023
BK Khare & Co Regulatory Newsletter
November 2022
As per relevant paragraph of Master Circular on Basel III capitalregulations, banks are permitted to derive risk weights for their unratedexposures based on the ratings available for a specific rated debt subjectto the conditions specified that the bank’s facility ran
11 November 2022
B K Khare & Co. - Direct Tax Newsletter
November 2022
Section 159 and its earlier avatar-section 24B of the Income-tax Act, 1922-have been part of Income-tax law for well over nine decades now. This section deals with recovery of tax, penalty and interest from the estate of the deceased taxpayer. The principles of law applicabl
10 November 2022
B K Khare & Co. - Direct Tax Newsletter
October 2022
In this newsletter we have covered some of the noteworthy decisions of the Income-tax Appellate Tribunal and Authority for Advance Ruling, which we hope will be of interest to you.
28 October 2022
B K Khare & Co. - Direct Tax Newsletter
August 2022
Section 154 is one of the of the most frequently invoked provisions of the Income-tax Act. This section deals with rectification of mistakes apparent from the record.
17 August 2022
BK Khare & Co Regulatory Newsletter
August 2022
The GST Council in its meeting held on June 28 and 29, 2022, recommended inter alia to withdraw the exemption granted to services by SEBI and the same has been notified vide Notification No. 4/2022 dated July 13, 2022.
10 August 2022
B K Khare & Co. - BKK Alert
July 2022
Real Income theory- Bombay High Court held that, while computing the Capital Gains, the amount withdrawn from the Escrow Account does not accrue to the taxpayer and can be deducted from the sale consideration
26 July 2022
B K Khare & Co. - Direct Tax Newsletter
July 2022
In this newsletter we have covered some of the noteworthy decisions of the Income-tax Appellate Tribunal and Authority for Advance Ruling, which we hope will be of interest to you.
25 July 2022
BKK Knowledgeware - SEBI and RBI Updates
July 2022
SEBI has changed the cyber security and cyber resilience framework for asset management companies (AMCs) and mandated them to conduct a comprehensive cyber audit at least twice in a financial year. Along with the cyber audit reports, AMCs have been asked to submit to stock e
12 July 2022
B K Khare & Co. - Direct Tax Newsletter
June 2022
We have in this edition covered the interesting and salient decisions of the Courts, pertinent to our readers and hope will make an interesting read.
27 June 2022
B K Khare & Co. - Direct Tax Newsletter
June 2022
One of the most potent enforcement weapons possessed by the Income-tax department is the power of search and seizure u/s 132 of the Income tax Act. Since it directly impacts the right to privacy and other fundamental rights, it is used sparingly. Even so, every taxpayer shou
15 June 2022
BK Khare & Co Regulatory Newsletter
June 2022
SEBI vide Circular dated May 19, 2022, brought revised format of security cover certificate, monitoring, and revision in timelines with regard to SEBI Circular dated November 12, 2020, which specifies the format of security cover certificate, periodical disclosures by Debent
13 June 2022
B K Khare & Co. - Direct Tax Newsletter
May 2022
In this newsletter we have covered some of the noteworthy decisions of the Income-tax Appellate Tribunal and Authority for Advance Ruling, which we hope will be of interest to you.
20 May 2022
B K Khare & Co. - Regulatory Newsletter
May 2022
Related Party Transactions (RPT) have been subject of regulatory attention for a long time now for obvious reasons. The Companies Act, 2013 brought in renewed focus and SEBI followed it through with more specific compliances and disclosures.
18 May 2022
B K Khare and Co. - Direct Tax Newsletter
May 2022
We have in this edition covered the interesting and salient decisions of the Courts, pertinent to our readers and hope will make an interesting read.
3 May 2022
B K Khare & Co. - Risk Advisory Newsletter
April 2022
The culture of an organization affects behavioural norms, which may help or hinder effective risk management. Organizational culture is the set of values, behaviours, practices, and attitudes that the employees of a given organisation share. It indicates the type of interact
29 April 2022
B K Khare & Co. - BKK Alert
April 2022
Dear Readers, Perpetual Debt Instruments (PDIs) are debt instruments, without a maturity date, which are issued to meet the long-term capital requirements of the Issuer. These securities have been in existence for ages, one of the oldest example is that of a perpetual b
20 April 2022
B K Khare & Co. - Regulatory Newsletter
April 2022
Securities and Exchange Board of India (SEBI) increased the limit for investment through Unified Payments Interface (UPI) mechanism from Rs. 2 lakhs to Rs. 5 lakhs for investors applying in public issues of debt securities based on discussions with market participants.
7 April 2022
B K Khare & Co. - Direct Tax Newsletter
March 2022
In this newsletter we have covered some of the noteworthy decisions of the Income-tax Appellate Tribunal and Authority for Advance Ruling, which we hope will be of interest to you.
31 March 2022
B K Khare & Co. - Direct Tax Newsletter
March 2022
In this issue of Knowledgeware we deal with the power of survey – in practical terms, a lethal weapon, next only to the power of search and seizure- conferred on the Income –tax department for collection of information. To be sure, this tool is intrusive in tha
23 March 2022
B K Khare & Co. - Regulatory Newsletter
March 2022
In continuation to Circular dated January 25, 2022, which mandated Asset Management Companies (AMCs) to prepare financial statements of the Mutual Fund Schemes in accordance with Ind AS from April 1, 2023, SEBI has issued Guidelines on accounting with respect to Ind AS. With
4 March 2022
B K Khare & Co. - Direct Tax Newsletter
February 2022
We have in this edition covered the interesting and salient decisions of the Courts, pertinent to our readers and hope will make an interesting read.
21 February 2022
B K Khare & Co. - BKK Budget Analysis 2022
February 2022
Dear Esteemed Readers It gives us great pleasure in sharing with you, our analysis of the Budget 2022 comprising various direct and indirect tax proposals as well as the Economic Survey Analysis. In the 75th year of independence, the FM in her budget presented The Gov
3 February 2022
B K Khare & Co. - BKK Budget Analysis 2022
February 2022
Dear Esteemed Reader, It gives us great pleasure in sharing with you, our analysis of the Budget 2022 comprising various direct and indirect tax proposals as well as the Economic Survey Analysis. In the 75th year of independence, the FM in her budget presented The Gov
3 February 2022
B K Khare & Co. - Direct Tax Newsletter
January 2022
In this newsletter we have covered some of the noteworthy decisions of the Income-tax Appellate Tribunal and Authority for Advance Ruling, which we hope will be of interest to you.
24 January 2022
B K Khare & Co. - Direct Tax Newsletter
January 2022
One of the potent powers available to the department under the Income-tax Act is the power to issue summons (under section 131). This power is used very frequently and failure to comply with the statutory provisions attracts a fine of Rs10,000 for each default. Out of practi
20 January 2022
B K Khare & Co. - Risk Advisory Newsletter
January 2022
Advertisement spending in India is expected to grow at 10.8 % cent in 2021 to reach US$ 9 billion, according to Dentsus Ad Spend Report of June 2021. This is a significant jump when compared to a steep decline of 12.9 percent in 2020. Television continues to have a lionâ€
11 January 2022
B K Khare & Co. - Regulatory Newsletter
January 2022
In terms of Clause (5) of the Fifth Schedule of SEBI (Mutual Funds) Regulations, 1996 (hereinafter referred as MF Regulations, Trustees and asset management companies shall ensure that the assets and liabilities of each scheme are segregated and ring-fenced from other scheme
7 January 2022
B K Khare & Co. - Direct Tax Newsletter
December 2021
We have in this edition covered the interesting and salient decisions of the Courts, pertinent to our readers and hope will make an interesting read.
29 December 2021
B K Khare & Co. - Direct Tax Newsletter
December 2021
We initiated our discussion on powers of search and seizure in the last issue of Knowledgeware. In that issue we dealt with the scope of the statutory powers conferred by u/s 132, the safeguards provided to the taxpayer under this provision, the procedure to be followed by t
10 December 2021
B K Khare & Co. - Regulatory Newsletter
December 2021
SEBI has mandated disclosure requirements for Related Party Transactions (RPTs) which needs to be placed by listed entities before the audit committee and shareholders for their consideration. SEBI requires a comprehensive disclosure of RPTs including necessary justification
3 December 2021
B K Khare & Co. - Direct Tax Newsletter
November 2021
In this newsletter we have covered some of the noteworthy decisions of the Income-tax Appellate Tribunal and Authority for Advance Ruling, which we hope will be of interest to you.
23 November 2021
B K Khare & Co. - Risk Advisory Newsletter
November 2021
Yield refers to the percentage of non-defective items among all produced items and is usually indicated by the ratio of the number of non-defective items to the number of manufactured items. Yield analysis and management is not merely the factory management. Research has sho
15 November 2021
B K Khare & Co. - Regulatory Newsletter
November 2021
The amendment of Regulation 52 in September 2021 has mandated entities with listed non-convertible securities to disclose financial results on a quarterly basis including assets and liabilities and cash flows as well as certain changes in the line items in the financial re
9 November 2021
B K Khare & Co. - Direct Tax Newsletter
November 2021
We have in this edition covered the interesting and salient decisions of the Courts, pertinent to our readers and hope will make an interesting read.
1 November 2021
B K Khare & Co. - Regulatory Newsletter
October 2021
SEBI has notified SEBI (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2021 on September 7, 2021 to amend the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These amendments have significant implications on debt lis
6 October 2021
B K Khare & Co. - Direct Tax Newsletter
September 2021
One of the most potent enforcement weapons possessed by the Income-tax department is the power of search and seizure u/s 132 of the Income tax Act. Since it directly impacts the right to privacy and other fundamental rights, it is used sparingly. Even so, every taxpayer shou
27 September 2021
B K Khare & Co. - Regulatory Newsletter
September 2021
SEBI mandates e-book platform for NCDs portion of the issue SEBI introduced guidelines for non-convertible debentures with warrants products, whereby it made electronic book platform (EBP) mandatory for the NCDs portion of the issue. The move is aimed at streamlining the p
8 September 2021
B K Khare & Co. - Direct Tax Newsletter
September 2021
In this newsletter we have covered some of the noteworthy decisions of the Income-tax Appellate Tribunal and Authority for Advance Ruling, which we hope will be of interest to you.
7 September 2021
B K Khare & Co. - Risk Advisory Newsletter
September 2021
Operational Excellence is what differentiates great companies from the rest. As Tom Peters, a famous American management writer of the book In search of Excellence said: Excellent firms don’t believe in excellence, but only in constant improvement and constant change.
2 September 2021
B K Khare & Co. - Direct Tax Newsletter
August 2021
We have in this edition covered the interesting and salient decisions of the Courts, pertinent to our readers and hope will make an interesting read
27 August 2021
B K Khare & Co. Alert - Direct Tax
August 2021
The chargeability of any income of a person (resident/nonresident) to tax is dealt with in sections 5 and 9 of the Income tax Act. In the context of a non-resident, his income is taxed in India if the income is received’ or deemed to be received or accrues’ or
10 August 2021
B K Khare & Co. - Regulatory Newsletter
August 2021
Standard Operating Procedure for listed subsidiary company desirous of getting delisted through a Scheme of Arrangement wherein the listed parent / holding company and the listed subsidiary are in the same line of business
6 August 2021
B K Khare & Co. - Direct Tax Newsletter
August 2021
In the last issue of Knowledgeware we discussed the special rates applicable to capital gains. In this issue we jump over to Chapter XIII (which deals with income-tax authorities) and in particular, to s. 119 which lays down broad parameters for the directions which the Boar
5 August 2021
B K Khare & Co. - Direct Tax Newsletter
August 2021
We have in this edition covered the interesting and salient decisions of the Courts ,pertinent to our readers and hope will make an interesting read.
2 August 2021
B K Khare & Co. - Risk Advisory Newsletter
July 2021
Eyes glued on the rear-view mirror and not paying enough attention to the road ahead, surely leads to disastrous results while driving. Likewise, an Internal Audit function focused on the past, will not envisage likelihood of further risks, prevent their occurrence and subse
21 July 2021
B K Khare & Co. - Direct Tax Newsletter
July 2021
In this newsletter we have covered some of the noteworthy decisions of the Income-tax Appellate Tribunal and Authority for Advance Ruling, which we hope will be of interest to you.
16 July 2021
B K Khare & Co. - Regulatory Newsletter
July 2021
The Ministry of Corporate Affairs has expanded the definition of small and medium companies (SMC), raising their turnover and borrowing limits. This would enable a wider set of companies to avail of greater flexibility in the accounting standards.
13 July 2021
B K Khare & Co. Alert - Direct Tax
July 2021
United Nation provides an alternative and administratively simpler approach to address the tax base concerns of market economy in respect of digitalised business models operating in the market jurisdiction by introducing a new Article 12B to the UN Model Tax Convention.
13 July 2021
B K Khare & Co. - Direct Tax Newsletter
June 2021
Under the basic scheme of the Act, the assessee’s total income is, for a large part, determined under Chapters III to VI-A of the Act, with the latter chapter laying down the deductions an assessee can claim from the gross total income to arrive at the figure of his
28 June 2021
B K Khare & Co. - Direct Tax Newsletter
June 2021
In this newsletter we have covered some of the noteworthy decisions of the Income-tax Appellate Tribunal which we hope will be of interest to you.
7 June 2021
B K Khare & Co. - Regulatory Newsletter
June 2021
In continuation of the Ministry’s General Circular No. 10/2020 dated March 23, 2020, wherein it was clarified that spending of CSR funds for COVID-19 is an eligible CSR activity, it is further clarified that spending of CSR funds for creating health infrastructure for
4 June 2021
B K Khare & Co. - Regulatory Newsletter
May 2021
Loss-making companies can now pay remuneration to their non-executive directors, including independent directors, with the government amending existing rules. Amendments have been made to certain provisions under the Companies Act, 2013. Now, non-executive directors includin
7 May 2021
B K Khare & Co. - Risk Advisory Newsletter
May 2021
Facility Management (FM) refers to a wide range of services to maintain the functionality, safety, comfort, and efficiency of the work environment by integrating people, locations, processes, services, and technologies. The global facility management market for both in-house
6 May 2021
B K Khare & Co. Alert - Direct Tax
April 2021
In a landmark case involving the issue of taxability of shrink-wrapped software, the Supreme Court of India has held that payment for the purchase of shrink-wrapped software to a non-resident is not royalty and not taxable in India.
21 April 2021
B K Khare & Co. - Risk Advisory Newsletter
April 2021
A world economic forum study indicates that more than 25% of the market value of the company is directly attributable to the reputation of the company. Reputation is all about perception and sometimes perception can be bigger than fact. Reputation is built as a result of ong
8 April 2021
B K Khare & Co. - Regulatory Newsletter
April 2021
MCA has amended Schedule III of the Companies Act 2013. Schedule III contains the general instructions for preparation of the Balance Sheet and the Statement of Profit and Loss of a company. Broadly, the changes have been made to align Schedule III with recent changes in var
2 April 2021
B K Khare & Co. - Direct Tax Newsletter
April 2021
As usual we have compiled salient decision of the High Courts which we hope will be of interest to our readers.
1 April 2021
B K Khare & Co. - BKK Amendments to Finance Bill, 2021
March 2021
The Finance Bill, 2021 was presented before the parliament on February, 1, 2021. Extensive supplementary amendments were proposed in the Finance Bill, 2021 on March 23, 2021. While, there have been new amendments introduced in the Finance Bill, 2021, there are also som
31 March 2021
B K Khare & Co. - Direct Tax Newsletter
March 2021
In the last issue of Knowledgeware we dealt with deductions u/s 80-JJAA, 80-LA, 80-M, 80-PA, 80-QQB, 80-RRB. Since we are dealing with deductions under Chapter VI-A seriatim, logically, section 80-P should have figured in that issue. It was decided to defer discussion on t
30 March 2021
B K Khare & Co. - Risk Advisory Newsletter
March 2021
Operations of any organisation consist of core activities that translate into product/service delivery and customer experience. It is equally important for both manufacturing and service organizations. The smallest efficiency in operations can make a big difference to
22 March 2021
B K Khare & Co. - Regulatory Newsletter
March 2021
RBI Tightens Norms For Loans And Advances To Directors And Their Relatives By Urban Co-Operative Banks (UCBs). UCBs shall not make, provide or renew any loans and advances or extend any other financial accommodation to or on behalf of their directors or their relatives, or
5 March 2021
B K Khare & Co. - Regulatory Newsletter
February 2021
The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 The Ministry of Corporate Affairs, on 22nd January, 2021, notified the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021. The amendments introduce changes to the following:
5 February 2021
B K Khare & Co. Alert - Transfer Pricing
February 2021
In an important ruling, Italian Provincial Court weigh on Transactional Net Margin Method as the most appropriate method for distribution function and interprets the range concept of Italian TP Regulations.
5 February 2021
B K Khare & Co. - BKK Budget Analysis 2021
February 2021
Dear Esteemed Readers, it was an unprecedented Budget presented in the backdrop of unprecedented times and only time will reveal whether the intended economic objectives will actually be realized. All in all, one cannot help but commend the Hon’ble Finance Minister fo
3 February 2021
B K Khare & Co. - Risk Advisory Newsletter
February 2021
A brand is a valuable asset for any company. However, it requires continuous investment in terms of meaningful visibility to the customers as well as developing positive association with the customers to generate and maintain high recall during its lifecycle. Companies us
2 February 2021
B.K. Khare & Co. - Regulatory Newsletter
January 2021
On 28 September 2020, the President of India gave his assent inter alia to the Code on Social Security, 2020 (“CoSS 2020â€)/the Occupational Safety, Health and Working Conditions Code, 2020, which are yet to be brought into force by way of a Notification in the Of
14 January 2021
B.K. Khare & Co. - Risk Advisory Newsletter
December 2020
Till a few decades ago, most of the companies had vertically integrated organization structure with in-house functions like Manufacturing, Research and Development (R&D), Sales, Distribution, etc. However, now the leading companies focus on managing these key functions witho
31 December 2020
B.K. Khare & Co. - Direct Tax Newsletter
December 2020
As usual, in this edition covering Tribunal decisions we are covering select cases which we thought would be of interest to you our readers
18 December 2020
B.K. Khare & Co. - Direct Tax Newsletter
December 2020
In this issue of Knowledgeware, we continue our discussion of some special sections which grant deductions from gross total income to certain assessees
12 December 2020
B.K. Khare & Co. - Regulatory Newsletter
December 2020
In view of the ongoing COVID-19 pandemic, the Ministry of Corporate Affairs (MCA) provided additional relaxations to companies and LLPs. This is done to ease the burden of compliance under various provisions of the Companies Act, 2013 and the Limited Liability Partnership Ac
2 December 2020
B.K. Khare & Co. - Regulatory Newsletter
November 2020
It is the intent and objective of the Government of India to attract and promote FDI in order to supplement domestic capital, technology and skills for accelerated economic growth and development. FDI, as distinguished from Foreign Portfolio Investment, has the connotation o
23 November 2020
BK Khare & Co Risk Advisory Newsletter
November 2020
Unless Strategy Evaluation Is Performed Seriously And Systematically, And Unless Strategists Are Willing To Act On The Results, Energy Will Be Used Up Defending Yesterday
5 November 2020
BK Khare & Co Direct Tax Newsletter
November 2020
In this edition we have chosen a few salient decisions of the Hon’ble Supreme Court and the High Court. In the context of analysing the existence or otherwise of the fixed place Permanent Establishment, the Hon’ble Supreme Court has affirmed the principle th
2 November 2020
BK Khare & Co Direct Tax Newsletter
October 2020
In this edition we are covering a few chosen Tribunal cases, the Mumbai Tribunal held that issue of shares to Qualified Instructional Buyers tantamounted to ‘public subscription and thus, the assessee was eligible for claim of deduction under section 35D of the Act
15 October 2020
BK Khare & Co Regulatory Newsletter
October 2020
SEBI had formulated the norms for segregation of portfolio in Mutual Funds (“MFâ€) by Asset Management Companies (“AMCâ€) vide its circular dated December 28, 2018. Generally, segregation is done to separate distressed assets from other more liquid asse
8 October 2020
BK Khare & Co Risk Advisory Newsletter
October 2020
The retail sector is at an inflexion point, and is ready for one more transformational change. Kirana shops are upgrading to app-based services. E-commerce Retailers are tying ups with Kirana Shops and small retailers to provide express delivery to their customers
5 October 2020
BK Khare & Co Alert - Direct Tax
October 2020
Tax Administrations globally are in the midst of a New Era of Digitalisation and upgrading their tax administration systems to process the taxpayer’s relevant information, review it & examine data and financial transactions on real time basis, using advanced data anal
1 October 2020
BK Khare & Co Alert - Taxation And Other Laws
October 2020
Relaxations Of Certain Provisions And Amendments, 2020
1 October 2020
B K Khare & Co. Alert - Transfer Pricing
September 2020
In the first substantive transfer pricing decision involving characterization of Nestle Zambia’s distribution function, Zambian Tax Appellate Tribunal decides in favour of Zambian revenue authorities characterizing Nestle Zambia as limited risk distributor but set as
22 September 2020
BK Khare & Co Direct Tax Newsletter
September 2020
We have as usual covered some relevant decisions passed by the courts recently. The Apex court rejected the SLP against the HC order quashing the reopening of assessment holding the same to be based on mere change of opinion and thus, without jurisdiction. HC observed that n
21 September 2020
BK Khare & Co Direct Tax Newsletter
September 2020
Having discussed in detail the impact of some of important deductions available to a taxpayer under Chapter VI-A , it is necessary now to bring out the impact on this whole chapter of certain amendments brought about by the Finance Act of 2020 w.e.f. 1st April 2021
14 September 2020
BK Khare & Co Risk Advisory Newsletter
September 2020
Failure on part of any business organisation to manage Environment, Health and Safety (EHS) invariably causes loss of life, profits and integrity finally leading to overall business disruption. This, in turn, adversely affects the brand value of the company. Accidents seldom
11 September 2020
BK Khare & Co Regulatory Newsletter
September 2020
Fund diversion has always been a major concern plaguing our banking system. It has been observed in several cases of wilful default or fraud that the funds borrowed from banks have been diverted elsewhere since the banks had no oversight of its utilization. This situation is
4 September 2020
BK Khare & Co Direct Tax Newsletter
August 2020
The Finance Act, 2020 made an amendment in section 194J (TDS on fees for professional fees and fees for technical services (‘FTS’)) of the Income tax Act, 1961(‘IT Act’), thereby reducing the tax deduction rate from 10% to 2% on fees characterized a
24 August 2020
BK Khare & Co Direct Tax Newsletter
August 2020
In our Back to Basics section, we have analysed various deductions that are available under chapter VIA from the gross total income. We have also explained the concepts related to the deduction available of health insurance premium, medical expenditure incurred on handicappe
21 August 2020
BK Khare & Co Regulatory Newsletter
August 2020
The Ministry of Corporate Affairs on 24th July, 2020 notified the Companies (Indian Accounting Standards) Amendment Rules, 2020, thereby amending the Rules of 2015. The amendment introduces changes to number of Indian Accounting Standards (Ind ASs) including Ind AS 1, Ind AS
17 August 2020
BK Khare & Co Direct Tax Newsletter
August 2020
In this edition covering ITAT cases, we have covered an important Tribunal decision wherein the Delhi Tribunal held that cost incurred for development of Golf Course on land is eligible for depreciation considering the same as “Plant And Machineryâ€. In yet anothe
10 August 2020
BK Khare & Co Risk Advisory Newsletter
August 2020
Blockchain: An Emerging Technology for Data Management
6 August 2020
BK Khare & Co Direct Tax Newsletter
August 2020
In this newsletter, we have covered some noteworthy decisions of the Hon’ble High Courts.
4 August 2020
BK Khare & Co Alert - Transfer Pricing
July 2020
In a landmark case involving interpretation of ‘re-characterisation’, in Canadian transfer pricing regime, Federal Court of Appeal decides in favour of Cameco Corporation affirming the principle that commercial rationale arrangement should be respected as struct
28 July 2020
BK Khare & Co - Treaty, Shopping, Tax Article
July 2020
It would be noted that the anti-abuse measures are being applied by the tax authorities to deny the tax benefit accruing pursuant to the DTAA, basis factual evidences indicating lack of commercial substance in the arrangement or the transaction. It appears that the Courts ar
25 July 2020
BK Khare & Co Direct Tax Newsletter
July 2020
We have analyzed an important Tribunal decision wherein the Delhi Tribunal held that the cost incurred for development of a Golf Course on a piece land is eligible for depreciation considering the same as “Plant And Machineryâ€. In yet another case, the ITAT reaff
17 July 2020
BK Khare & Co Direct Tax Newsletter
July 2020
The scheme of taxation under the Income-tax Act, 1961 envisages that exempt receipts should first be excluded from the computation of income. Taxable income should then be separately computed under each head of income, after considering admissible deductions under each such
11 July 2020
BK Khare & Co Alert - Donation Under CSR – Is It Eligible For Sec.80G Deduction?
July 2020
The concept of social responsibility can be traced back to ancient times. In earlier days, there was a religious tradition of daan and seva, which operated in India, helping to shape the relationship between the privileged and the deprived. Majority of the philanthropic acti
9 July 2020
BK Khare & Co Direct Tax Newsletter
July 2020
We have anaylzed an important Apex Court decision wherein the court has upheld the constitutional validity of clause (f) under section 43B of the Act. In yet another case, the court held that issuance of scrutiny notice under section 143(2) was enough to defer the refund pro
8 July 2020
BK Khare & Co Risk Advisory Newsletter
July 2020
Starting from young to old, from home-makers to Managing Directors, from local businessmen to business tycoons, access to and awareness of social media is universal. Social media, if used strategically, can lead to immediate, measurable and tangible benefits to corporates en
6 July 2020
BK Khare & Co Article - Fees For Technical Services Or Professional Services - Differentiation Essen
July 2020
The Finance Act, 2020 made an amendment in section 194J (TDS on fees for professional fees and fees for technical services (‘FTS’)) of the Income tax Act, 1961(‘IT Act’), thereby reducing the tax deduction rate from 10% to 2% on fees characterized
6 July 2020
BK Khare & Co Regulatory Newsletter
July 2020
Through a couple of circulars in the month of June 2020, MCA has extended the time limits for modification of charges and conducting meetings through video conferencing
3 July 2020
BK Khare & Co Direct Tax Newsletter
June 2020
We are pleased to share our Direct Tax Newsletter, covering the recent Tribunal decisions. We have covered Mumbai Tribunal held that assessment of non-existing amalgamated entity is void – ab – initio. In another case, the Tribunal held that Dividend taxable
26 June 2020
BK Khare & Co Risk Advisory Newsletter
June 2020
Working Capital is an important metric for evaluation of company’s financial health. Even profitable companies can turn bankrupt on account of failure to manage their working capital effectively. Working capital determines the resources that are needed for running day
15 June 2020
BK Khare & Co Direct Tax Newsletter
June 2020
We have analyzed an important Apex Court decision wherein the court has quashed notice for re-opening assessment as the assessee had fully and truly disclosed all the primary facts during the assessment proceedings. In this case, the Apex Court has assimilated all points of
13 June 2020
BK Khare & Co Direct Tax Newsletter
June 2020
In the last issue of Knowledgeware we discussed intra- as well as inter-head set off of losses. We covered losses under the heads “income from house propertyâ€,†profits and gains from business or professionâ€; and losses from illegal business and specu
11 June 2020
BKK Alert 3
May 2020
Economic activity in the country has almost come to a standstill following the series of nationwide lockdowns caused by the COVID-19 pandemic beginning March 25. While there have been some relaxations to the lockdown, allowing commencement of economic activity, the economic
15 May 2020
BK Khare & Co Risk Advisory Newsletter
May 2020
Ensuring Business Growth Capital expenditure (CAPEX) is one of the most important element of company‟s strategic plan. Proactive CAPEX planning and timely execution of CAPEX helps business growth. It enables manufacturing companies to regularly upgrade physical assets
12 May 2020
BK Khare & Co Regulatory Newsletter
May 2020
The Insurance and Regulatory Development Authority of India (IRDAI) relaxed certain compliance requirements and at the same time tightened some strings to ensure liquidity for insurance companies in view of the actual and potential impact of COVID-19 pandemic on Insurance bu
8 May 2020
BK Khare & Co Direct Tax Newsletter
April 2020
In the last issue of Knowledgeware, we discussed unexplained cash credits, u/s.68. In this issue of Knowledgeware, we will be dealing with unexplained investments, moneys, jewellery, expenditure etc. liable to be in total income u/s 69 to 69
29 April 2020
BK Khare & Co Regulatory Newsletter
April 2020
Reserve Bank of India on 27th March 2020 via circular no. RBI/2019-20/186 announced certain regulatory measures to mitigate the burden of debt servicing brought about by disruptions on account of COVID-19 pandemic and to ensure the continued viability of businesses. In this
28 April 2020
BK Khare & Co Risk Advisory Newsletter
April 2020
It is impossible to look at the news on any given day without constant reminders of the risks we face from natural disasters to man-made events like cyber-attack, civil unrest, and terrorism. Risk Management professionals can definitely take their pick of apparent and relati
15 April 2020
BK Khare & Co Regulatory Newsletter
April 2020
The outbreak of the COVID 19 pandemic has posed a grave challenge for the world at large. Several businesses had to suspend operations which may take anything between 3 months to a year to revive. In order to ease the pressure and remove difficulties, The Government of India
10 April 2020
BKK Alert 2
April 2020
While India has been fighting the war against COVID-19, the Government has eased the GST compliance burden for taxpayers, by selectively extending the deadline for filing GST returns
9 April 2020
BKK Alert
April 2020
In these unprecedented times, with the pandemic of Coronavirus, the Government taking into account the practicalities to the lockdown, which they have been forced to announce, has introduced relaxations and certain other measures, to provide both time and measures for compli
2 April 2020
BK Khare & Co Regulatory Newsletter
March 2020
CARO 2020 introduces significantly enhanced reporting requirements for auditors. One of the aims is to plug gaps in compliances which resulted in corporate failures remaining undetected for long time
18 March 2020
BK Khare & Co Direct Tax Newsletter
March 2020
Sections 68 to 69C are essentially anti-evasion provisions. They are clarificatory in nature because even without them, it would still be possible to make additions on account of unexplained cash credits, investments, moneys, expenditure etc. [ Yadu Hari Dalmia v. CIT 126 IT
16 March 2020
BK Khare & Co Risk Advisory Newsletter
March 2020
Enhanced reporting requirements and changes come with a higher objective of improvement in the overall reporting quality, thereby strengthening the corporate governance framework. To better understand these changes, we have classified them into sub-categories
12 March 2020
BK Khare & Co Regulatory Newsletter
February 2020
SEBI had released a framework for listing of commercial papers on stock exchanges in order to broaden investor participation in such securities. To enable listing of commercial papers and to ensure investor protection, SEBI noted that it is important that issuers, who intend
10 February 2020
BK Khare & Co Regulatory Newsletter
December 2019
SEBI Issues New Investment Rules For Mutual Funds In Debt And Money Market Instruments: Over exposure to Commercial Papers (CPs) and credit enhanced securities (structured obligations) is a major source of the recent debt crisis. Mutual funds can no longer invest in unli
1 December 2019
BK Khare & Co Risk Advisory Newsletter
November 2019
Maximizing Business Value Through IT Governance Use IT To Drive Performance: A maxim “Anything that is measured, is done†can be applied to IT Governance as well. In the absence of KPIs, IT Governance may remain an initiative which does not achieve its
9 November 2019
BK Khare & Co Regulatory Newsletter
October 2019
SEBI Issues New Investment Rules For Mutual Funds In Debt And Money Market Instruments: Over exposure to Commercial Papers (CPs) and credit enhanced securities (structured obligations) is a major source of the recent debt crisis. Mutual funds can no longer invest in unli
23 October 2019
BK Khare & Co Risk Advisory Newsletter
October 2019
Maximizing Business Value Through IT Governance Use IT To Drive Performance: A maxim “Anything that is measured, is done†can be applied to IT Governance as well. In the absence of KPIs, IT Governance may remain an initiative which does not achieve its
9 October 2019
BK Khare & Co Direct Tax Newsletter
October 2019
House Features: Business or house property income leaves plenty of room for controversy Sections 56 to 59 deal with “Income from other sourcesâ€, the residuary head of income. This invokes only when an item of income cannot legitimately be brought to tax unde
1 October 2019
B K Khare & Co Direct Tax Newsletter
September 2019
Dear Esteemed Readers, In order to arrest the slowdown of the economy and boost growth, the Finance Minister, Nirmala Sitharaman in the recent past has announced a slew of measures towards this end. On Friday, the Finance Minister announced a cut in corporate tax rates an
1 September 2019
B K Khare & Co Direct Tax Newsletter
August 2019
Dear Esteemed Readers, We are pleased to share our newsletter, covering the direct tax cases and important circulars and notifications. In our Tax Controversy segment, we have discussed the eligibility of deduction u/s 80IB(10) of the Act on pro-rata basis i.e. allow ability
1 August 2019
B K Khare & Co Direct Tax Newsletter
July 2019
Dear Esteemed Readers, We are pleased to share our newsletter, covering the direct tax and transfer pricing updates. In our Back to Basics section, we have discussed the gains arising from transfer of capital asset which are exempt from tax.
1 July 2019
B K Khare & Co Direct Tax Newsletter
June 2019
We are pleased to share our newsletter, covering the direct tax, transfer pricing updates and important circulars and notifications.
1 June 2019
B K Khare & Co Direct Tax Newsletter
May 2019
We are pleased to share our newsletter, covering the direct tax, transfer pricing updates and important circulars and notifications
1 May 2019
B K Khare & Co Direct Tax Newsletter
April 2019
We are pleased to share our newsletter, covering the direct tax, transfer pricing updates and important circulars and notifications
1 April 2019
B K Khare & Co Direct Tax Newsletter
March 2019
Dear Esteemed Readers, We are pleased to share our newsletter, covering the direct tax and transfer pricing updates. In this edition, we have also covered important circulars & notifications issued by the CBDT for the month of February 2019.
1 March 2019
B K Khare & Co Direct Tax Newsletter
January 2019
Dear Esteemed Readers, We are pleased to share our latest newsletter, covering the direct tax and transfer pricing updates for the month of January 2019.
1 January 2019
B K Khare & Co Regulatory Newsletter
January 2019
Dear Esteemed Readers, We are pleased to share the Regulatory Newsletter for February 2019 covering key regulatory updates in India. During this month, the Ministry of Corporate Affairs (MCA) has issued the following key circular:
1 January 2019
B K Khare & Co Direct Tax Newsletter
December 2018
Dear Esteemed Readers, Welcome 2019!! We take this opportunity to wishall our dear readers a very happy new year 2019. As the pastor and life coach, Jason Soroski says, “There is nothing magical about the flip of the calendar, but it represents a clean break, a new hop
1 December 2018
BK Khare & Co Risk Advisory Newsletter
November 2018
Maximizing Business Value Through IT Governance Use IT To Drive Performance: A maxim “Anything that is measured, is done†can be applied to IT Governance as well. In the absence of KPIs, IT Governance may remain an initiative which does not achieve its
9 November 2018
B K Khare & Co Direct Tax Newsletter
November 2018
Dear Esteemed Readers, The wisest mind has something yet to learn. This maxim is never outdated. Every month plethora of case laws are announced and as we sift through the pages
1 November 2018
B K Khare & Co Direct Tax Newsletter
September 2018
Dear Esteemed Readers, We are pleased to share our latest newsletter, covering the direct tax & transfer pricing updates in India for September 2018.
1 September 2018
B K Khare & Co Regulatory Newsletter
September 2018
Dear Esteemed Readers, We are pleased to share the September 2018 Newsletter covering key regulatory updates in India. The Ministry of Corporate Affairs (MCA) has issued certain crucial amendments to rules as follows
1 September 2018
B K Khare & Co Direct Tax Newsletter
August 2018
Dear Esteemed Readers, Welcome to August month’s edition our continuing Endeavour to share knowledge and bring out the gist of the latest case law expounded in the field of income tax, international tax and transfer pricing.
1 August 2018
B K Khare & Co Direct Tax Newsletter
July 2018
Dear Esteemed Readers, As part of our endeavor to continually share our knowledge, we now present our latest newsletter, covering the direct tax and transfer pricing updates for the month of July 2018.
1 July 2018
B K Khare & Co Direct Tax Newsletter
June 2018
Dear Esteemed Readers, As part of our endeavor to continually share our knowledge, we now present our latest newsletter, covering the direct tax and transfer pricing updates for the month of June 2018.
1 June 2018
B K Khare & Co Direct Tax Newsletter
May 2018
Dear Esteemed Readers, As part of our endeavor to continually share our knowledge, we now present our latest newsletter, covering the direct tax and transfer pricing updates for the month of May 2018.
1 May 2018
B K Khare & Co Direct Tax Newsletter
April 2018
Editorial: As part of our endeavor to continually share our knowledge, we now present our latest newsletter, covering the direct tax and transfer pricing updates for the month of April 2018.
1 April 2018
B K Khare & Co Direct Tax Newsletter
March 2018
Dear Esteemed Readers, This edition of knowledge ware covers important rulings reported in the last month of the fiscal year 2017-18. Amongst the important rulings, the Honorable Supreme Court gave its ruling on some aspects of the controversial issue of disallowance of expe
1 March 2018
B K Khare & Co Regulatory Newsletter
March 2018
Dear Esteemed Readers, The last quarter of financial year 2017- 18 witnessed some unfortunate events on banking front that are estimated to have removed millions of dollars from some banks’ balance sheets. The fallout is some obvious defensive reaction from regulato
1 March 2018
B K Khare & Co Risk Advisory Newsletter
February 2018
Internal Audit Approach to Social Media Risks Introduction: Saying that social media has taken the world by storm is stating the obvious. As of the fourth quarter of 2017, Facebook alone had 2.2 billion monthly active users. If Facebook was a country, going by the late
1 February 2018
B K Khare & Co Direct Tax Newsletter
February 2018
Dear Esteemed Readers, The Union Budget 2018 was presented with much fanfare and with the intention to push for reforms and development. The economy is currently in a hesitant mood and projections of revival are appearing challenging if not dim.
1 February 2018
B K Khare & Co Regulatory Newsletter
February 2018
Dear Esteemed Readers, We are pleased to share the Regulatory Newsletter for February 2019 covering key regulatory updates in India. During this month, the Ministry of Corporate Affairs (MCA) has issued the following key circular:
1 February 2018
B K Khare & Co Direct Tax Newsletter
January 2018
Dear Esteemed Readers, Budget 2018 was presented with the intention to push for reforms and development. Demonetization and GST notwithstanding, the present day government has always emphasized on sab kasaath / sab kavikas.
1 January 2018
B K Khare & Co Regulatory Newsletter
December 2017
At the outset, wishing our readers a very Happy & prosperous New Year 2018. We are pleased to share the last newsletter of calendar year 2017 covering key regulatory updates in India during the month of December 2017. Ministry of Corporate Affairs (MCA) has notified the Co
1 December 2017
B K Khare & Co Direct Tax Newsletter
December 2017
Dear Esteemed Readers, Welcome 2018!! We take this opportunity to wish all our dear readers a very happy new year 2018. As the pastor and life coach, Jason Soroski says, “There is nothing magical about the flip of the calendar, but it represents a clean break, a new ho
1 December 2017
B K Khare & Co Direct Tax Newsletter
November 2017
Dear Esteemed Readers, Burning the midnight oil has never been more relevant for our fraternity than in the month of November every year. The last chapter of the annual tax calendar compliance being filing of tax returns, tax audit certification and transfer pricing certific
1 November 2017
B K Khare & Co Direct Tax Newsletter
October 2017
Dear Esteemed Readers, We hope our readers celebrated Diwali, the festival of lights with families and friends, spending quality time with their loved ones and had a joyous festive season. Immediately thereafter, the tax community had to deal with completion of tax audits an
1 October 2017
B K Khare & Co Direct Tax Newsletter
September 2017
Dear Esteemed Readers, We are pleased to share our latest newsletter, covering the direct tax and transfer pricing updates for the month of September 2017.
1 September 2017
B K Khare & Co Direct Tax Newsletter
August 2017
Dear Esteemed Readers, We are pleased to share our latest newsletter, covering the direct tax & transfer pricing updates in India for the month of August 2017. In this Edition, in our Back to Basics section, we have deep dived into the basic principles for taxation of income
1 August 2017
B K Khare & Co Regulatory Newsletter
August 2017
Dear Esteemed Readers, We are pleased to share with you August 2017 Newsletter covering key regulatory updates in India. The Banking regulator, Reserve Bank of India (RBI) released few important directions/circulars:
1 August 2017
B K Khare & Co Direct Tax Newsletter
July 2017
Dear Esteemed Readers, First of all, on behalf of B.K. Khare &Co., we wish all our readers a very Happy Independence Day. We are pleased to share our latest newsletter, covering the direct tax & transfer pricing updates in India for July 2017.
1 July 2017
B K Khare & Co Direct Tax Newsletter
June 2017
Dear Esteemed Readers, We are pleased to share with you our latest newsletter covering direct tax & transfer pricing updates in India for June 2017.
1 June 2017
B K Khare & Co Direct Tax Newsletter
May 2017
Dear Esteemed Readers, We are pleased to share with you our latest newsletter covering direct tax & transfer pricing updates in India for May 2017.
1 May 2017
B K Khare & Co Regulatory Newsletter
May 2017
Dear Esteemed Reader, We are pleased to share the regulatory updates for the month of May 2016 with this edition of the Regulatory Newsletter. It seems that Global warming is not merely a myth as we have seen unprecedented rise in temperatures this summer which may explain t
1 May 2017
B K Khare & Co Regulatory Newsletter
March 2017
Dear Esteemed Readers, We are pleased to share with you March 2017 Newsletter covering key regulatory updates in India. The Reserve Bank of India (RBI) has released a few circulars in this month
1 March 2017
B K Khare & Co Risk Advisory Newsletter
February 2017
INTRODUCTION Oxford Dictionary defines the term ’Risk’ as a chance or possibility of danger ,loss , injury or other adverse consequences. This clearly indicates the term is associated with negativity impact to bring down the Organization from the present level.
1 February 2017
B K Khare & Co Direct Tax Newsletter
February 2017
Dear Esteemed Readers, We are pleased to share with you our latest newsletter covering direct tax& transfer pricing updates in India for February2017.
1 February 2017
B K Khare & Co Direct Tax Newsletter
January 2017
Dear Esteemed Readers, We are pleased to share with you our latest newsletter covering direct tax & transfer pricing updates in India for January 2017.
1 January 2017
B K Khare & Co Risk Advisory Newsletter
December 2016
Corporate Governance Rating (CGR) is the independent assessment of corporate governance practices followed by companies. CG covers a large number of aspects which needs processing of many variables and information to derive any concrete conclusion on the overall state of gov
1 December 2016
B K Khare & Co Regulatory Newsletter
December 2016
Dear Esteemed Readers, We are pleased to share with you March 2017 Newsletter covering key regulatory updates in India. The Reserve Bank of India (RBI) has released a few circulars in this month
1 December 2016
B K Khare & Co Risk Advisory Newsletter
November 2016
Corporate Governance Rating (CGR) is the independent assessment of corporate governance practices followed by companies. CG covers a large number of aspects which needs processing of many variables and information to derive any concrete conclusion on the overall state of gov
1 November 2016
B K Khare & Co Regulatory Newsletter
October 2016
Dear Esteemed Readers, It’s our pleasure to share with you October 2016 Newsletter with key regulatory updates in India. Once again we wish all our readers on the occasion of Diwali and the New Year! Following recent trend, last month ended with
1 October 2016
B K Khare & Co Risk Advisory Newsletter
August 2016
The signs of economic recovery after a major global slow- down is on the horizon. Companies are reshaping their strategies to achieve sustainable business growth in plethora of new ways, and continuing to seek value creation through improved operational performance –
1 August 2016
B K Khare & Co Regulatory Newsletter
August 2016
Dear Esteemed Readers, We are pleased to share with you August 2016 Regulatory Newsletter covering regulatory updates in India. In the background of consolidation taking place in Insurance Industry, the Insurance regulator has unveiled the guidelines related to
1 August 2016
B K Khare & Co Risk Advisory Newsletter
June 2016
In today’s VUCA (volatility, uncertainty, complexity, and ambiguity) world where markets and technologies are dynamic, a robust Strategy and planning is crucial. Eminent Management Guru Michael Porter has argued that competitive advantage theory which focusses on oper
1 June 2016
B K Khare & Co Direct Tax Newsletter
June 2016
Dear Esteemed Readers, We are pleased to share with you our latest newsletter covering direct tax & transfer pricing updates in India for June 2016. June end presented a bonanza for Government employees with the Modi Government deciding to implement the recommendations of th
1 June 2016
B K Khare & Co Regulatory Newsletter
June 2016
Dear Esteemed Readers, It’s our pleasure to share with you October 2016 Newsletter with key regulatory updates in India. Once again we wish all our readers on the occasion of Diwali and the New Year! Following recent trend, last month ended with
1 June 2016
B K Khare & Co Risk Advisory Newsletter
May 2016
In 1969 America’s Department of Defense commissioned the construction of a super network called ARPANET (The Advanced Research Projects Agency Network). Basically, it was intended as a military network which slowly grew and the internet was born. Globally, usage of In
1 May 2016
B K Khare & Co Regulatory Newsletter
May 2016
Dear Esteemed Reader, We are pleased to share the regulatory updates for the month of May 2016 with this edition of the Regulatory Newsletter. It seems that Global warming is not merely a myth as we have seen unprecedented rise in temperatures this summer which may explain t
1 May 2016
B K Khare & Co Regulatory Newsletter
April 2016
Dear Esteemed Readers, We are pleased to share with you April 2016 Regulatory Newsletter covering regulatory updates in India. The last financial year has ended with a flurry of updates especially from Ministry of Corporate Affairs in the form of IND AS Accounting Amendment
1 April 2016
B K Khare & Co Risk Advisory Newsletter
March 2016
Increased volatility in the modern business environment and the financial and economic crises are increasingly creating challenges for survival of organisations. In a VUCA (volatility, uncertainty, complexity, and ambiguity) world it’s difficult to know how to appro
1 March 2016
B K Khare & Co Direct Tax Newsletter
March 2016
Dear Esteemed Readers, We are pleased to share with you our latest newsletter covering direct tax & transfer pricing updates in India for March 2016.
1 March 2016
B K Khare & Co Regulatory Newsletter
March 2016
Dear Esteemed Readers, We are pleased to share with you March 2016 Regulatory Newsletter covering regulatory updates in India. Even as we write this piece the flurry of regulatory updates by the Ministry of Corporate Affairs seems to have suddenly increased with the issue
1 March 2016
B K Khare & Co Direct Tax Newsletter
February 2016
Dear Esteemed Readers, We are pleased to share with you our latest newsletter covering direct tax & transfer pricing updates in India for the February 2016.
1 February 2016
B K Khare & Co Risk Advisory Newsletter
January 2016
In a quick narrow sense, cloud computing may sound like outsourcing. But, it is quite different and much more than that. In this article, let us have an overview of the concept, understand business benefits in the long run through transformation and leveraging the cloud co
1 January 2016
B K Khare & Co Regulatory Newsletter
January 2016
Dear Esteemed Readers, We are pleased to share with you our January 2016 Regulatory Newsletter covering regulatory updates in India.
1 January 2016
B K Khare & Co Risk Advisory Newsletter
December 2015
Consider the following practical example, an illustration which most of us would relate to: In a classical internal audit program, expense reports for lunch/dinner claimed by staff were tested by randomly selecting a few individuals and reviewing these expense reports. Whi
1 December 2015
B K Khare & Co Direct Tax Newsletter
December 2015
Dear Esteemed Readers, We are pleased to share with you our latest newsletter covering direct tax & transfer pricing updates in India for the December 2015.
1 December 2015
B K Khare & Co Direct Tax Newsletter
November 2015
Dear Esteemed Readers, We are pleased to share with you our latest newsletter covering tax and regulatory updates in India for the period October-November 2015.
1 November 2015
B K Khare & Co Risk Advisory Newsletter
October 2015
While the stakeholders demand organisations to bring together information on what may be disparate parts of the business into an inclusive view of its activities and impact, one of the challenges is how to ensure that controls are effective, the right things are measured a
1 October 2015
B K Khare & Co Direct Tax Newsletter
August 2015
Dear Esteemed Readers, We are pleased to share with you our latest newsletter covering tax and regulatory updates in India for the period August-September 2015.
1 August 2015
B K Khare & Co Risk Advisory Newsletter
July 2015
Introduction For major part of the 20th century, a successful company was defined by its ability to own, manage and directly control all of its assets and processes.
1 July 2015
B K Khare & Co Direct Tax Newsletter
June 2015
Dear Esteemed Readers, We are pleased to share with you our latest newsletter covering tax and regulatory updates in India for the period June-July 2015.
1 June 2015
B K Khare & Co Risk Advisory Newsletter
May 2015
As business leaders, one often gets disquieted about ever-changing business environment and cannot help but feel unease whether ‘all will work well’ or fluster whether all is indeed working well. As CFOs, how many times have you been unnerved by external
1 May 2015
B K Khare & Co Direct Tax Newsletter
April 2015
We are pleased to share with you our latest newsletter covering tax and regulatory updates in India for the period April-May 2015.
1 April 2015
B K Khare & Co Risk Advisory Newsletter
April 2015
Introduction: Over the last few decades businesses and economies have suffered Corporate Frauds regularly with several high profile cases like Enron leading to collapse of the giant and also with it its high profile auditor – one of the BIG FIVE accounting firms. A
1 April 2015
B K Khare & Co Risk Advisory Newsletter
January 2015
Role of Internal Audit in the Governance Risks and Compliance (GRC) framework in a Global Business Environment Globalisation – Need for local acts having Global impact: Globalisation is a process an increased proportion of economic, social, and cultural activit
1 January 2015
BK Khare & Co Regulatory Newsletter
June 0202
The Finance Minister, Nirmala Sitharaman, shared a Rs 20 lakh crore mega package with great focus on relief to the agriculture and MSME sector. Out of the 15 relief measures, six were aimed at bringing lockdown-hit India’s vast MSME sector back to life. MSMEs across s
9 June 0202
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