Latest Articles
Cost of Non-Compliance in TDS/TCS & Its Prevention
Income Tax : Learn the financial penalties of TDS/TCS non-compliance, including interest and disallowance. Prevent errors by managing deadlines...
Exploring Alternative Lending Options: Beyond Traditional Banks
Finance : Discover diverse loan options in India beyond traditional banks. Explore personal loan apps, online options, and more for low CIBI...
Special procedure for Rectification of Order considering insertion of Section 16(5) and 16(6)
Goods and Services Tax : New ITC rectification process under Section 16(5) & 16(6) of CGST Act allows correction of past orders, offering relief to taxpaye...
New Market Capitalization determination Criteria under SEBI (LODR) Regulations
SEBI : SEBI amends LODR regulations to revise market capitalization criteria, introducing a sunset clause and a 3-month compliance period...
Section 233 of Companies Act, 2013: Mergers & Amalgamations
Company Law : Explore Section 233 of the Companies Act, 2013, outlining merger processes for small companies and holding-subsidiary structures, ...
Latest News
Empanelment of CAs/Cost Accountants for Special GST Audit
Goods and Services Tax : CGST Thane invites EOIs for empanelment of Chartered and Cost Accountants for GST special audits. Submit by October 27, 2024....
CBI Arrests Customs Officials in Bribery Case
Custom Duty : CBI arrests Customs Superintendent and private firm rep for ₹3.18 lakh bribe; over ₹22.7 lakh recovered during searches....
RBI Invites Applications for Faculty Research Scholarships
Fema / RBI : RBI seeks applications from faculty for research scholarships in economics and finance. Deadline: November 5, 2024. Duration: 3 mo...
Over 34 Lakh Audit Reports Filed by Taxpayers till 7th October 2024
Income Tax : Over 34 lakh Audit Reports filed on the e-filing portal by October 7, 2024, showing a 4.8% increase from last year, according to t...
Public Comments Invited on Amendment to Shift ICMAI HQ to Delhi
CA, CS, CMA : The Institute of Cost Accountants invites public feedback on the proposed shift of its headquarters from Kolkata to Delhi under CW...
Latest Judiciary
Karnataka HC Allows Reconsideration of Tax Audit Report Rejected for Unsigned Annexures
Income Tax : Karnataka High Court grants another opportunity to C.T. Raghu to submit documents after his Tax Audit Report was rejected for unsi...
Discount on issue of ESOP is allowable deduction: Karnataka HC
Income Tax : The Karnataka High Court, upholding the ITAT's order, reiterated that discounts on the issuance of ESOPs are allowable deductions ...
Payment of management and license fee not relatable to imported goods not includible in transaction value
Custom Duty : CESTAT Kolkata held that the payment of Management Fee and the License Fee not being relatable to the imported goods and conditio...
Retrospective cancellation of GST registration without affording sufficient opportunity unjustified: Delhi HC
Goods and Services Tax : Delhi High Court held that cancellation of GST registration with retrospective effect without affording sufficient opportunity of ...
Severance compensation is capital receipt and not chargeable to tax u/s. 17(3): ITAT Ahmedabad
Income Tax : ITAT Ahmedabad held that the severance compensation received by the employee is a capital receipt and the same is not chargeable t...
Latest Notifications
CBIC Chairman’s Weekly Newsletter – 14th October, 2024
Goods and Services Tax : New CGST building in Delhi inaugurated; DRI busts illegal Mephedrone factory in MP, seizing ₹168 crore worth of drugs, and inter...
SEBI Circular: Monitoring Shareholding of Market Infrastructure Institutions
SEBI : SEBI introduces a framework for monitoring shareholding norms of Market Infrastructure Institutions (MIIs), enhancing compliance f...
Corrigendum to SEBI Circular on MIIs Financial Disincentives
SEBI : SEBI issues corrigendum linking Commodity Derivatives Segment rules to the circular on financial disincentives due to technical gl...
New GST Invoice Management System Launched on 14th Oct 2024
Goods and Services Tax : The GST Invoice Management System (IMS) is live from 14th Oct 2024. It helps taxpayers match invoices for accurate ITC claims. GST...
Refund of NPS Employee Contributions for Pre-2021 Death/Disablement
Corporate Law : Clarification on refund of employee's NPS share for death or disablement cases under CCS rules before notification of NPS Rules, 2...
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FAQs
Understand Section 80C deductions of the Income Tax Act, eligible investments, and the limits for individuals and HUFs. Reduce tax liability with the right investments.
Learn how to calculate advance tax, payment deadlines, and exemptions. Find the steps for online payment and consequences of non-payment or delay.
This article delves into the provisions governing AGM extensions under the Companies Act, 2013, and explores key regulations, examples and best practices.
Discover the functionality of the Invoice Management System (IMS) in GST, including actions on invoices, ITC eligibility, and reconciliation processes for taxpayers.
Explore FAQs on the GST Invoice Management System (IMS), detailing its features, benefits, and usage for effective invoice management and GSTR-2B generation.