Resources from Research and Insights

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. It

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 arises 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 tota

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 COVI

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 for thi

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 2020”)/the Occupational Safety, Health and Working Conditions Code, 2020, which are yet to be brought into force by way of a Notification in the Official G

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 that the pro

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 (“MF”) by Asset Management Companies (“AMC”) vide its circular dated December 28, 2018. Generally, segregation is done to separate distressed assets from other more liquid assets in a portfoli

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 analytics

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 aside t

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 as FTS

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 Machinery”. In yet another case,

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 structured by t

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 Machinery”. In yet another case, the ITAT reaffirmed th

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 as FTS. The Exp

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 under sect

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 to d

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 property”,” profits and gains from business or profession”; and losses from illegal business and speculation business.

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 like

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 full pot

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 full pot

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 sources”, the residuary head of income. This invokes only when an item of income cannot legitimately be brought to tax under any of

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 hope, a

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 full pot

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 regulators an

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 hope,

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 the

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 – inclu

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 operation

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 the

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 Interne

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 approach a

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 volatilit

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. Althou

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 activity is

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 sector

9 June 0202

January 1970

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January 1970

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