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Archive: 27 July 2023

Posts in 27 July 2023

Non-holding of Board Meeting – MCA imposes Penalty

July 27, 2023 6669 Views 0 comment Print

MCA imposes penalties on Sarada Pleasure And Adventure Limited and its directors for non-holding of board meetings in violation of Section 173 of the Companies Act, 2013.

50 times higher assessment without considering request of petitioner for personal hearing: HC quashed Order

July 27, 2023 4953 Views 0 comment Print

50 times higher assessment without considering request of petitioner for personal hearing through video conferencing  – Gujarat HC quashed Order in case of Margita Infra

Company Fails to Print Contact Info on Resolutions – MCA Imposes Penalty

July 27, 2023 4326 Views 0 comment Print

Ministry of Corporate Affairs (MCA) penalizes Mahadeva Vehicles Pvt. Ltd. & directors for not displaying contact info on board resolution. Analysis & order details.

Non-maintenance of Registered office – MCA imposes Rs. 4 Lakh Penalty

July 27, 2023 4524 Views 0 comment Print

Ministry of Corporate Affairs (MCA) has imposed a penalty of Rs. 4 lakh on Bangda Real Infra Limited and its directors for non-maintenance of its registered office. This penalty follows a violation of section 12(1) of the Companies Act, 2013, which mandates companies to have a registered office capable of receiving and acknowledging all communications […]

Order for Penalty for Violation of Section 137 of Companies Act, 2013

July 27, 2023 3972 Views 0 comment Print

Sarada Pleasure And Adventure Limited, a Bihar-based company, is ordered to pay penalties for violating Section 137 of the Companies Act, 2013 by not filing financial statements.

E Invoicing Applicable From 1st August 2023

July 27, 2023 159270 Views 34 comments Print

Learn about latest update on E-invoicing applicability in India. Understand the threshold limit, rules & exemptions for mandatory E-invoicing from 1st August 2023

LTC Claim Guide: Provisions and Documents – Explained

July 27, 2023 14073 Views 0 comment Print

Understand LTC (Leave Travel Concession) claim provisions, eligibility, documents needed, and tax implications. Learn how to maximize the tax benefit for travel expenses.

Madras HC Rejects Writ on Cash Deposit Addition

July 27, 2023 1116 Views 0 comment Print

Read the Madras High Court judgment in Junaitha Begum Vs Assessing Officer case, involving a disputed assessment order and cash deposit addition.

HC Condones 21-Second Delay in ITR Filing – Allows 80IA Deduction

July 27, 2023 26877 Views 1 comment Print

Read the judgment of Madras High Court in Balaji Super Alloys Vs. PCIT case, condoning a 21-second delay in ITR filing and allowing Section 80IA deduction.

Tax Implications of Forex Trading Profits and Losses in India

July 27, 2023 10707 Views 0 comment Print

Navigating the world of forex trading in India can be a rewarding endeavor, presenting opportunities for substantial profits. However, as with any financial venture, understanding the tax implications is crucial. In this article, we delve into the tax implications of forex trading profits and losses in India.

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