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Archive: 22 October 2022

Posts in 22 October 2022

Implementation of mandatory mentioning of HSN codes in GSTR-1

October 22, 2022 16125 Views 2 comments Print

it is mandatory for the taxpayers to report minimum 4 digit or 6 digit of HSN Code in table-12 of GSTR-I on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year.

ICSI Request MCA for extension of time period for filing of financial statements

October 22, 2022 27855 Views 1 comment Print

ICSI requested for granting extension of time for filing of financial statements for the financial year ended 31.03.2022 up to 31st December, 2022 without levying additional fee.

Insurance company cannot go beyond grounds mentioned in letter of repudiation of claim: SC

October 22, 2022 5412 Views 0 comment Print

Supreme Court observed that National Commission ought not to have gone beyond the grounds of repudiation of the claim and the matter was remanded to the State Commission for taking a decision afresh on the claim of the appellants on the grounds which formed the basis of repudiation and determine as to whether at the material point of time there was sufficient balance to cover the claim on account of declaration made as regards loss suffered by the appellants.

Compensation under Motor Vehicles Act to be determined as per Pranay Sethi case: SC

October 22, 2022 8898 Views 0 comment Print

Supreme Court after applying the law laid down in Judgment of National Insurance Co. Ltd. v Pranay Sethi have reassessed the amount pertaining to compensation and have enhanced the compensation under the head loss of dependency but have deducted the compensation under the head loss of consortium.

Profit Oriented Institutions Cannot Claim Tax Exemption U/S 10(23C)

October 22, 2022 6948 Views 3 comments Print

Learn about the Supreme Courts landmark judgement on tax exemption for profit-oriented institutions under section 10(23C) of the Income Tax Act.

Securities Appellate Tribunal- An Overview

October 22, 2022 27891 Views 0 comment Print

Learn about the Securities Appellate Tribunal (SAT) and its role as a statutory and autonomous body under the SEBI Act. Understand its jurisdiction, powers, and authority in resolving appeals against orders.

Exposure Draft of IRDAI (Re-insurance) (First Amendment) Regulations, 2022

October 22, 2022 1308 Views 0 comment Print

Exposure Draft of IRDAI (Re-insurance) (First Amendment) Regulations, 2022 proposes a. To reduce compliance requirements on submission of Advance Reinsurance programme; b. To revise order of preference while placing the Reinsurance business; c.  To increase the cession limits of the cedants while placing business with Cross Border Reinsurers;

Market Study on Film Distribution Chain in India: Key Findings & Observations

October 22, 2022 954 Views 0 comment Print

COMPETITION COMMISSION OF INDIA PRESS RELEASE Market Study on Film Distribution Chain in India: Key Findings and Observations The Competition Commission of India (the ‘Commission’) released, a report titled ‘Market Study on Film Distribution Chain in India: Key Findings and Observations’, today. The study highlights some of the key competition issues in the film distribution […]

Appointment of CA/Cost Accountant Firm as Internal Auditor of PFRDA

October 22, 2022 1731 Views 0 comment Print

PFRDA Request for Proposal for Appointment of Chartered Accountant/ Cost Accountant Firm as Internal Auditor of PFRDA for F.Y.2022-23

Format of Memorandum of Association for Producer Company

October 22, 2022 9024 Views 0 comment Print

Learn about the format of Memorandum of Association for a Producer Company under the Companies Act, 2013. Understand the main objects and activities of a Producer Company.

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