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Archive: 27 February 2024

Posts in 27 February 2024

MCA Penalizes Director with Rs. 2.21 Lakh Fine for Failure to Notify Change of Address

February 27, 2024 3084 Views 0 comment Print

Government penalty for Somen Venture Private Limited for failing to update director addresses. Directors Kahkashan Zar & Mohammad Neyaz Ahmad fined ₹2.21 Lakhs each for violating Rule 12. Know your rights to appeal the order.

Cancellation of Inland Container Depot (ICD) Status at Valayankulam Village, Madurai

February 27, 2024 195 Views 0 comment Print

Notification No. 15/2024-Customs (N.T.) amends Notification No. 12/97-Customs (N.T.) dated April 2, 1997. This amendment specifically removes Valayankulam Village, Madurai from the list of operational ICDs in the table associated with the original notification.

Some issues in Refund of unutilized ITC under GST

February 27, 2024 2130 Views 0 comment Print

Understand GST refund procedures and legal challenges. Learn about different refund categories, application requirements, and recent judicial interpretations.

How to Open a Bank Account Online In Minutes with Kotak811

February 27, 2024 501 Views 0 comment Print

In a huge step towards providing true hassle-free banking, Kotak811 has introduced a game-changing experience with its 811 Digital Savings Account and 811 Super Savings Account.

The Dilemma: Fixed Deposits vs. Equities

February 27, 2024 1017 Views 0 comment Print

Learn how to choose between fixed deposits and equities based on risk, investment horizon, and tax implications to maximize returns and meet financial goals.

What is Section 43B of Income Tax Act, 1961?

February 27, 2024 3339 Views 0 comment Print

Discover the intricacies of Section 43B of the Income Tax Act, its conditions, exceptions, and impact on tax liability. Ensure compliance for seamless tax filing.

Things to be Kept in Mind Before Starting a Business in India

February 27, 2024 726 Views 1 comment Print

Starting a business in India? Learn crucial considerations from market research to legal structures. Expert tips for success in the burgeoning Indian economy.

GST Registration requirements (Analysis of Section 22, 23 & 24 of CGST Act, 2017)

February 27, 2024 5568 Views 0 comment Print

Understand GST registration requirements with Section 22, 24, and 23 explained. Learn thresholds, exemptions, and obligations for businesses under the GST regime.

Legitimacy of repayments through Journal Entries – Whether liable to penalty?

February 27, 2024 5592 Views 0 comment Print

Explore the impact of Income Tax Sections 269SS, 269ST, 269SU, and 269T on transactions via Journal/Book Entries. Learn about legislative framework, judicial interpretations, and penalties.

Income Mismatch in Tax Returns vs. Third-Party Data for Interest & Dividend

February 27, 2024 1356 Views 0 comment Print

Resolve mismatches in interest and dividend income between third-party information and your tax return efficiently on the e-filing portal. No documents needed.

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