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Archive: February, 2024

Posts in February, 2024

Tax Time Made Easy: Mastering Section 43B(h) with a Friendly Q&A & Year-Specific Dates

February 15, 2024 1584 Views 0 comment Print

Unlock the power of Section 43B(h) in the Indian Income Tax Act. Learn how timely payments impact your business, boost cash flow, and gain negotiating leverage. Guide for 2024

MCA Imposes Rs. 1.50 Lakh Penalty on CA Auditor for Section 143 Violation

February 15, 2024 9729 Views 0 comment Print

Explore the adjudication order penalizing CA. Phalgunee Banerjee for violations under Section 143 of the Companies Act, 2013. Understand the penalties imposed and the implications.

Audit Report not valid when reply filed by Assessee is not taken into consideration

February 15, 2024 2655 Views 1 comment Print

Calcutta High Court sets aside Audit Report for ignoring assessee’s reply, highlighting the importance of considering replies for adhering to natural justice.

Water (Prevention and Control of Pollution) Amendment Act, 2024

February 15, 2024 2952 Views 0 comment Print

Discover the Water (Prevention and Control of Pollution) Amendment Act, 2024 aimed at decriminalizing minor offenses to improve governance and business ease.

Finance Act 2024: President Grants Assent

February 15, 2024 8886 Views 0 comment Print

On February 15, 2024, President Droupadi Murmu granted his assent to the Finance Act 2024 (Budget 2024), officially bringing the government’s budgetary proposals for the financial year 2024-25 into effect. This act, passed by both houses of Parliament, outlines the government’s plans for income tax, indirect taxes, and other financial matters. MINISTRY OF LAW AND […]

SEBI Consultation Paper on Ease of Doing Business Initiatives for Portfolio Managers

February 15, 2024 1080 Views 0 comment Print

Participate in the public consultation on proposals to streamline Portfolio Management Services regulations. Share your views on collective oversight, digital onboarding, and crucial terms.

Inventory Valuation: Cost Accountants Empanelment by Delhi Income Tax Office

February 15, 2024 1173 Views 0 comment Print

ITD Delhi invites Cost Accountant firms/LLPs for empanelment for inventory valuation services. Apply by the deadline to be part of this prestigious panel.

IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2024

February 15, 2024 1638 Views 0 comment Print

Insolvency and Bankruptcy Board of India introduces crucial amendments to corporate insolvency regulations. Learn about key changes, meeting protocols, and enhanced transparency.

RBI Advisory: Unauthorized Payment Intermediary by Card Network

February 15, 2024 771 Views 0 comment Print

RBI advises halting an unauthorized payment system by a card network, citing legal concerns and non-compliance with regulations. Details here.

RBI Excludes Rupee Co-operative Bank from Second Schedule

February 15, 2024 855 Views 0 comment Print

Get the latest update from the Reserve Bank of India (RBI) regarding the exclusion of Rupee Co-operative Bank from the Second Schedule. Details and implications explained.

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