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Archive: 08 February 2023

Posts in 08 February 2023

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6498 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Bail denied to accused of fake invoices due to ongoing investigations to unearth more fake suppliers

February 8, 2023 3159 Views 0 comment Print

SC refused to interfere with order passed by Chhattisgarh High Court, wherein bail was denied to accused in alleged matter for availment of wrong ITC, on the ground that investigations were still going on for detecting more fake suppliers and investigations might be hampered if bail was granted.

Refund application cannot be rejected without providing opportunity of personal hearing to assessee

February 8, 2023 2478 Views 0 comment Print

HC quashed the Order passed by the Revenue Department rejecting the refund application of the assessee, on the grounds that, no opportunity of personal hearing was provided, which is against the principles of natural justice. Further, directed the Revenue Department to pass an order after adhering to the principles of natural justice, considering on merits and in accordance with law within a period of 12 weeks.

SS 4 – Secretarial Standards on Report of Board of Directors

February 8, 2023 4866 Views 0 comment Print

Explore the key provisions of Secretarial Standards (SS-4) on the Report of Board of Directors under the Companies Act, 2013. Understand the prescribed format and disclosures for enhanced corporate transparency.

Comparison between Old V/s New Tax Regime

February 8, 2023 129270 Views 1 comment Print

Delve into the comparison between the old and new income tax regimes in India. Explore the impact on deductions, exemptions, and overall tax liability.

Introduction of Systematic Lump sum Withdrawal (SLW) for NPS Subscribers – PFRDA Notification

February 8, 2023 594 Views 0 comment Print

PFRDA issued a notification introducing the Systematic Lump sum Withdrawal (SLW) for the benefit of National Pension System (NPS) Subscribers. The SLW process allows subscribers to withdraw a lump sum amount periodically until the age of 75. This notification provides details on the SLW facility, process flow, and its applicability to both Tier-I and Tier-II accounts.

Is CSR Expenditure allowable u/s 80G?

February 8, 2023 4314 Views 0 comment Print

Understand the intricacies of CSR expenditure deduction under Section 80G. Explore recent clarifications and legal standpoints for a comprehensive view.

BUDGET 2023 – Amendments to Provisions of Charitable Trust & Institutions

February 8, 2023 18708 Views 1 comment Print

Explore Budget 2023 amendments to Charitable Trust & Institutions provisions. Understand changes in corpus handling, loan repayments, and registration processes effective from April 1, 2023.

Show Cause Notice Devoid of Reasons and Vague is Bad in Law

February 8, 2023 4635 Views 0 comment Print

Virani Metal Industries v. State of Gujarat (Gujarat High Court) The Gujarat High Court in M/S Virani Metal Industries v. State of Gujarat (SCA No.13233 of 2022 decided on 30.11.2022) held that the SCN issued without reasons and vague is bad in law and liable to be set aside. FACTS M/s. Virani Metal Industries (hereinafter […]

The Future of Finances is here! ChatGPT Takes Accounting by Storm!

February 8, 2023 7413 Views 3 comments Print

ChatGPT, the worlds most advanced AI system, is taking the world by storm. Discover why and how it’s changing the future of finances with its cutting-edge technology

Manner of achieving minimum public shareholding by listed entities

February 8, 2023 7800 Views 0 comment Print

Find out how listed companies must comply with SEBI’s minimum public shareholding of 25% and the manner of achieving it in this article.

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