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Archive: March, 2024

Posts in March, 2024

Implementation of maximum UPI inward credit limits for P2PM merchants

March 28, 2024 2965 Views 0 comment Print

Discover NPCIs latest circular on setting maximum UPI inward credit limits for P2PM merchants. Learn about guidelines, compliance, and the impact on small merchants.

Essential GST & Income Tax Compliances to Fulfil By 31st March 2024

March 28, 2024 16782 Views 0 comment Print

Discover crucial tax compliances for 31st March 2024. From Income Tax to GST, ensure your financial well-being with our detailed guide. Act now!

Transformative Power of Outsourcing: A Comprehensive Guide for SMEs

March 28, 2024 1677 Views 0 comment Print

Small and Medium Enterprises (SMEs) play a pivotal role in driving economic growth and fostering innovation. Despite their significance, SMEs often grapple with resource limitations that hinder their ability to compete in an increasingly competitive marketplace. However, in recent years, outsourcing has emerged as a strategic solution that empowers SMEs to transcend these constraints and […]

Depreciation not claimed as application of income U/s 11: ITAT directing re-adjudication

March 27, 2024 1206 Views 0 comment Print

Explore the ITAT Bangalore case involving depreciation income versus deferred grant income, directing re-adjudication for proper application under Section 11.

Secured Creditors have Priority Charge Over Sales, Commercial & Income Tax Claims

March 27, 2024 984 Views 0 comment Print

In a significant ruling, Madras High Court grants ICICI Bank priority charge over tax claims, offering relief and legal precedence for secured creditors. Full text of the judgment provided.

Section 2(22)(e) of Income Tax Act is applicable only to registered shareholders

March 27, 2024 2919 Views 0 comment Print

Read about the ITAT Chennai case between DCIT and Gemini Traze RFID Pvt. Ltd. regarding deemed dividend status under Section 2(22)(e) of the Income Tax Act.

MCA Imposes Penalty: Non-Maintenance of Registers

March 27, 2024 1527 Views 0 comment Print

Read about the adjudication order by the Ministry of Corporate Affairs imposing penalties on M/s Hermes I Tickets Private Limited and its officers for violating Section 171(2) of the Companies Act, 2013.

Not keeping registers at Registered office of Company: MCA Imposes Penalty

March 27, 2024 1311 Views 0 comment Print

Read about MCA penalty on Hermes I Tickets Pvt Ltd & directors for not keeping registers. Detailed analysis & decision included.

RBI Circular on Investments in Alternative Investment Funds (AIFs) Guidelines

March 27, 2024 3216 Views 0 comment Print

Understand the RBI circulars guidelines on investments in Alternative Investment Funds (AIFs) for regulated entities. Clarifications on downstream investments, provisioning, and more.

RBI Circular: Special Clearing Operations on March 30 & 31, 2024

March 27, 2024 3537 Views 0 comment Print

Read about the RBI circular regarding special clearing operations exclusively for government cheques on March 30 & 31, 2024, for timely financial year-end transactions.

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