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Archive: 07 May 2024

Posts in 07 May 2024

Delhi HC issues notice where SCN is adjudicated upon after 11 years

May 7, 2024 1974 Views 0 comment Print

Delhi High Court issues notice in the case of M/s Payworld Digital Services Pvt. Ltd. where Show Cause Notice (SCN) was adjudicated upon after 11 years. Detailed analysis and implications discussed.

Benefit of Indexation cannot be denied to calculate Long Term Capital Gain

May 7, 2024 1557 Views 0 comment Print

In the case of Millie Dey Vs ITO (ITAT Kolkata), the Income Tax Appellate Tribunal ruled that the benefit of indexation cannot be denied to calculate long-term capital gain. Read the detailed analysis and conclusion here.

Moonlighting: The Rise of Side Hustles

May 7, 2024 885 Views 0 comment Print

This article explores the concept of moonlighting, its legality in India, potential risks for employers, and efficient management strategies in addressing this phenomenon.

Valuation for Tax Purpose & Companies Act, IND AS/ AS Accounting Purpose

May 7, 2024 2481 Views 0 comment Print

Understand the significance of valuation reports for tax and accounting purposes, exploring Indian Income Tax implications and compliance with Companies Act and accounting standards.

Secretarial Audit: An Overview

May 7, 2024 1095 Views 0 comment Print

Learn about secretarial audit in India, its significance, objectives, scope, and appointment process as per the Companies Act, 2013. Understand the role of company secretaries in conducting secretarial audits.

SEBI Master Circular for Registrars to an Issue and Share Transfer Agents

May 7, 2024 1497 Views 0 comment Print

Stay updated with SEBI’s latest directives for Registrars to an Issue and Share Transfer Agents (RTAs) in the 2024 Master Circular. Access all relevant circulars in one place.

SC directs Police to avoid Mechanical Entries Based on Caste in History Sheets | Amanatullah Khan Case

May 7, 2024 186 Views 0 comment Print

Supreme Court directs police to avoid mechanical entries in history sheets based on caste, emphasizing dignity and fairness. Analysis of Amanatullah Khan case.

Amendments to All Industry Rates of Duty Drawback effective from 03.05.2024

May 7, 2024 3120 Views 0 comment Print

Explore the latest amendments to Customs Duty Drawback rates effective from 03.05.2024. Learn about changes, enhancements, and implications for exporters.

ICAI Penalizes CA for Negligence in Certifying Form 8

May 7, 2024 1449 Views 0 comment Print

The case revolves around allegations of negligence and failure to exercise due diligence while certifying Form 8 and reporting financial transactions accurately.

Failure to report instances of financial irregularities: ICAI suspends CA & imposes Penalty

May 7, 2024 990 Views 0 comment Print

The ICAI Disciplinary Committee’s latest ruling finds CA Siddharth Shyam Shetye guilty of professional misconduct, resulting in a six-month suspension and a Rs. 1 lakh fine.

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