Articles by Affluence Advisory

GST on Gift Vouchers: Landmark High Court Verdict Explained

Posted by Affluence Advisory 19 January 2024 4183 Views

Understand the taxability of gift vouchers under GST following a landmark High Court ruling. Learn when tax is payable and what constitutes a supply.

Centralized Information Management System (CIMS) Return for NBFCs

Posted by Affluence Advisory 16 January 2024 7097 Views

RBI issued a circular no. CO.DOS.RPD.No.7534/33-06-001/2023-24 dated January 01, 2024 requiring all Non-Banking Financial Companies (NBFCs) to file the applicable returns on new Centralized Information Management System (CIMS) platform.

LLP Rules 2023: New Partner Register & SBO Scope

Posted by Affluence Advisory 10 January 2024 1707 Views

Understand the LLP (Third Amendment) Rules, 2023. Learn about maintaining the Register of Partners (Form 4A) and expanded SBO provisions. Act now!

CBIC GST Secondment Employee Taxability Clarification

Posted by Affluence Advisory 03 January 2024 3624 Views

Understand CBIC's latest GST instructions on employee secondment taxability following the Supreme Court's NOS judgement. Learn how to handle these cases.

RBI Regulates AIF Investments: New Rules for Banks & NBFCs

Posted by Affluence Advisory 29 December 2023 643 Views

Discover RBI's new AIF investment rules for banks & NBFCs aimed at preventing loan evergreening. Learn about restrictions, deadlines, and potential impacts.

Category III AIFs & Mutual Fund Investments: SEBI Guidance

Posted by Affluence Advisory 27 December 2023 587 Views

Discover if Category III AIFs can permanently invest in mutual funds. SEBI clarifies rules for multi-asset portfolios and temporary investments.

RBI Tightens AIF Investment Norms for Lenders

Posted by Affluence Advisory 22 December 2023 1937 Views

RBI restricts lender investments in AIFs to prevent loan substitution. Learn about new rules and liquidation timelines to ensure financial transparency.

SEBI Mandates AIFs: Demat Investments & Custodians

Posted by Affluence Advisory 09 December 2023 923 Views

SEBI now requires AIFs to invest in Demat form from Sept 2024 & appoint custodians for all categories. Learn about the new regulations and their impact.

RBI IT Governance: Master Direction Explained

Posted by Affluence Advisory 08 December 2023 936 Views

Understand the RBI's Master Direction on IT Governance, Risk, Controls & Assurance. Learn about new rules for banks & NBFCs effective April 2024.

Company Secretary Non-Appointment: Penalties & Significance

Posted by Affluence Advisory 29 November 2023 779 Views

Discover the repercussions of not appointing a Company Secretary. Learn about penalties under the Companies Act 2013 and their crucial role in corporate governance.