The career of a company secretary is solely for dedicated people who have the ability to pay attention to detail. The corporate secretary must be able to communicate effectively with people from all other departments in the company to ensure that company practices are legally and financially acceptable. The main purpose of the company secretary […]
The CA exam is the holy grail of candidates who are looking forward to a career for plums in finance. Scores of students take the CA exam after several months of training and preparatory courses at CA coaching institutes. However, the number of students who actually passed this exam was still very small. The exam […]
Apart from being involved in debit-credit accounts, CA’s play a very important role in nation building on a large scale. CA is the backbone of the economy and with financial expertise the country is getting in the right direction in various financial and economic measures to strengthen India’s economy and strengthen the economy as the […]
In absence of any specific averment, the prosecution in the present case doesn’t and cannot reply on section 22C(2) of the Act. Unless the company as a principal accused has committed the offence, the persons mentioned in sub-section (1) would not be liable and cannot be prosecuted.
In respect of borrowers where exposure of the banking system is ₹5 crore or more, such borrower can maintain current accounts with any one of the banks with which it has CC/OD facility, provided that the bank has at least 10 per cent of the exposure of the banking system to that borrower.
Central Government Notifies Tolerance Band for Assessment Year 2021-22 in case of wholesale trading and others vide Notification No. 124/2021- Income Tax Dated: 29th October, 2021. MINISTRY OF FINANCE (Department of Revenue) Notification No. 124/2021- Income Tax New Delhi, the 29th October, 2021 S.O. 4586(E).—In exercise of the powers conferred by the third proviso to […]
Ambejogai Tax Practitioners Association Submitted a Representation to Hon’ble Union Minister of State Finance – Shri Dr. Bhagwat Karad on Top 10 Issues Faced by Professionals & Taxpayer in GST since 2017. Full Text of their representation is as follows:- Date :: 23rd Oct 2021 To, Shri Dr. Bhagwat Kishanrao Karad Hon’ble Union Minister of […]
The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. The Insolvency and Bankruptcy Code, 2015 was introduced in Lok Sabha in December 2015. It was passed by Lok Sabha on 5 May 2016 and by […]
Who can become Independent director (ID): As the name suggests, he should be independent in relation to a company having integrity and possessing relevant expertise and experience. Having neither pecuniary relationship nor related to promotor or director of the company.
The brief facts of the case were that the Respondent was facing several problems while their filing of GSTR Form 3B due to the several glitches that were occurring in the Online GST Portal. Amidst these glitches, the Respondent filed their GST returns for the period of July, 2017 to September, 2017 with excess amount of ₹ 923 Crores and therefore, they have sought the refund accordingly.
