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Archive: February, 2024

Posts in February, 2024

Interim Union Budget 2024: Changes related to Direct and Indirect Taxes

February 1, 2024 9279 Views 0 comment Print

Introduction: In the recent Interim Budget speech for the fiscal year 2024-2025, Finance Minister Nirmala Sitharaman outlined significant achievements in both direct and indirect tax sectors over the past decade. The budget showcased a robust growth in direct tax collections, accompanied by a noteworthy expansion in the number of return filers. The Finance Minister acknowledged […]

Failure to File E-Form MGT-14 for Resolutions: MCS Reduces Penalty by 80%

February 1, 2024 1044 Views 0 comment Print

Explore the appeal filed by Stanley Lifestyles Limited against penalties imposed under the Companies Act, 2013, and the subsequent reduction in penalties by the Registrar of Companies, Karnataka.

Non-appointment of CS- MCA Reduces Penalty from ₹25 Lakh to ₹3.75 Lakh

February 1, 2024 714 Views 0 comment Print

Explore the appeal filed by Shrushti Contech Private Limited against penalties under the Companies Act, 2013. Detailed analysis of the adjudication order and its implications.

Non-appointment of CS- MCA Reduces Penalty of Rs. 29.94 Lakh to 15%

February 1, 2024 534 Views 0 comment Print

Read about the reduction of penalty from Rs. 29.94 lakh to 15% by MCA due to non-appointment of CS by IBM Global Financing India Pvt. Ltd. Detailed analysis provided.

Non-appointment of CS- MCA Reduces Penalty from Rs. 15 Lakh to Rs. 2.25 Lakh

February 1, 2024 501 Views 0 comment Print

Appellants contested an adjudication order for failing to comply with Section 203 of the Companies Act, 2013, which mandates the appointment of a whole-time company secretary for companies with a paid-up capital exceeding Rs. 5 crores.

Interim Budget 2024-2025 – Speech of Finance Minister Nirmala Sitharaman

February 1, 2024 4893 Views 0 comment Print

Interim Budget 2024-2025 – Speech of Minister of Finance Nirmala Sitharaman: Structural reforms & pro-people programs, reaching people at scale.

Interim Union Budget 2024: Highlights

February 1, 2024 4650 Views 1 comment Print

The Interim Union Budget for 2024 has been presented, serving as a temporary financial plan until the new government presents its budget post-elections. This interim budget does not introduce many changes but instead focuses on the government’s objectives and targets if it comes into existence. Key Highlights Corporate Tax Rate: The corporate tax rate remains […]

RBI Mandates Enhanced Compliance Monitoring Solutions

February 1, 2024 3117 Views 0 comment Print

RBI directive urges financial institutions to upgrade compliance monitoring systems. Explore the streamlining process, technology leverage, and implementation timeline.

Empanelment of Cost Accountants for Inventory Valuation under Income-tax

February 1, 2024 1383 Views 0 comment Print

Get details on the empanelment of Cost Accountants under Income-tax Act, 1961. Notice issued by the Principal Chief Commissioner of Income Tax, Pune. Apply by 29.02.2024

MCA Reduces Penalty for Late MGT-14 Filing from ₹1074700 to ₹214940

February 1, 2024 2067 Views 0 comment Print

Explore the MCA decision as penalty for non-filing MGT-14 decreases from 10.74 lakhs to 2.14 lakhs for Stanley Lifestyles Limited and its officers.

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