Satyam fraud case serves as a cautionary tale that highlights the importance of corporate governance and the responsibilities of the board of directors, independent directors, and audit committee in ensuring the transparency and accuracy of a company’s financial statements.
ITAT Mumbai held that provisions of Article 24 of DTAA between India and Singapore will be applicable only when condition no. 1, condition no. 2 and condition no. 3 in paragraph 4.2 are satisfied simultaneously. Here as condition no. 1 is not satisfied, DTAA would not be attracted in case of GCC.
CESTAT Mumbai held that offence of money-laundering committed by an individual with a deliberate design with the motive to enhance his gains, disregarding the interests of nation and society as a whole and which by no stretch of imagination can be termed as offence of trivial nature.
Whether improper hair cut & consequent humiliation/embarrassment is deficiency in service for compensation under Consumer Protection Laws
Need a guide to SEBIs amendment on green debt securities Learn more about the 2021 SEBI NCS Regulations, latest policies and more
Section 80CCD of the Income Tax Act, 1961 deals with the Deduction for Investment in Pension Fund. The main objective of this Section is to provide tax benefits to an employee for making contributions towards provident or pension fund.
The new tax regime for individuals and Hindu undivided families, or HUFs, brought via Section 115BAC of the Income Tax Act was aimed at bringing in a lower rate and a simpler tax system from 1 April 2020.
If the defects are similar in SCNs than Parallel proceedings cannot be initiated by Central/State GST Authorities on same subject matter
As per section 160 r/w section 139A of the Income Tax Act’ 1961, even a minor can apply for PAN card in India through a representative assessee.
Exposure Drafts of Guidance Note on Financial Statements of Non-Corporate Entities & on Financial Statements of Limited Liability Partnerships
