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Archive: 05 March 2024

Posts in 05 March 2024

Shareholding Rights of a Subsidiary in its Parent Company

March 5, 2024 996 Views 0 comment Print

Explore the legal framework restricting a subsidiary from holding shares in its parent company under Section 19 of the Companies Act, 2013.

Unveiling the Fundamental Principle – No Tax Without Legal Authority

March 5, 2024 1695 Views 2 comments Print

Explore Article 265’s mandate for lawful taxation in India, highlighting legal authority, sovereign power, valid laws, and the critical principles of levy and collection.

Empowering Rural Producers: How Producer Companies Help Farmers & Artisans

March 5, 2024 294 Views 0 comment Print

Discover how producer companies empower farmers and artisans by pooling resources for collective growth, tackling challenges, and enhancing economic well-being.

Registrations of Micro Enterprises on Udyam Assist Platform cross 1.50 crore

March 5, 2024 477 Views 0 comment Print

Discover how the Udyam Assist Platform, launched by the Ministry of MSME, facilitates registration for Informal Micro Enterprises, enabling access to Priority Sector Lending benefits

Going Concern – Standards on Auditing (SA) 570

March 5, 2024 1359 Views 0 comment Print

Explore the significance of SA 570 in financial audits, focusing on the going concern basis, auditor responsibilities, risk assessment, and COVID-19 impact. Learn about reporting requirements and potential impacts on the auditors report.

Electrical Appliances for domestic water heating (Quality Control) Order, 2023

March 5, 2024 426 Views 0 comment Print

Explore the implications of the Ministry of Commerce and Industry’s Order on quality control for electrical appliances used in domestic water heating. Learn more about the standards and enforcement measures.

ICMAI Guidelines For Members Under Continuous Professional Education (CPE) 2024

March 5, 2024 489 Views 0 comment Print

Stay ahead in the profession of Cost Accountancy. Explore the latest CPE guidelines by ICMAI for 2024, ensuring constant skill development and knowledge enhancement.

ICMAI Draft Guidance Note on Inventory Valuation under Income Tax Act

March 5, 2024 567 Views 0 comment Print

Explore the newly released Exposure Draft by ICMAI on Inventory Valuation under the Income Tax Act. Provide your feedback before the finalization deadline on 18th March 2024.

Section 43B(h) of the Income Tax Act – Analysis

March 5, 2024 6342 Views 0 comment Print

Explore the amendment in Section 43B(h) of the Income Tax Act, promoting timely payments to Micro and Small Enterprises. Understand implications, compliance, and recommendations.

No Automatic Vacation of Stay on Orders After 6 Months: SC

March 5, 2024 777 Views 0 comment Print

Explore the landmark Supreme Court decision (2024 INSC 150) against automatic vacation of stay orders after 6 months. Detailed analysis on implications for civil and criminal trials.

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