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Archive: May, 2024

Posts in May, 2024

CAS-2 (Revised 2024) Cost Accounting Standard on Capacity Determination

May 18, 2024 333 Views 0 comment Print

Explore revised CAS-2 (2024) standard for capacity determination, issued by Institute of Cost Accountants of India, ensuring consistency in capacity measurement.

SEBI Consultation on Indian Mutual Funds Investing in Overseas Funds with Indian Securities

May 18, 2024 270 Views 0 comment Print

SEBI invites public comments on allowing Indian mutual funds to invest in overseas funds with up to 20% exposure to Indian securities. Deadline: June 7, 2024.

Can Mobile Squad Officers Impose CGST Act Section 129(3) Penalties?

May 18, 2024 10608 Views 0 comment Print

Does a Mobile Squad Officer have the authority to impose penalties under section 129(3) of CGST Act without jurisdiction? Find out in this detailed analysis.

Kapil Sibal: Jalandhar’s Proud Son and Legal Luminary

May 17, 2024 1851 Views 1 comment Print

Discover illustrious journey of Kapil Sibal, a distinguished lawyer born in Jalandhar, who has excelled in India’s legal landscape and recently secured a decisive victory in Supreme Court Bar Association elections.

Everything about TDS Return Filing

May 17, 2024 7452 Views 0 comment Print

Learn about TDS return filing: who must file, due dates, forms, required documents, penalties, how to check status, revising returns, and claiming TDS credit.

Delhi HC Denies Interim Relief on NFRA Penalties in Reliance Capital Audit

May 17, 2024 4695 Views 0 comment Print

Delhi High Court refuses interim relief against NFRA penalties imposed on CAs and CA firm in the Reliance Capital audit lapses case. Detailed analysis of the judgment provided.

Constitution of GSTAT: A Chronological Analysis with Time Limit to file appeal before GSTAT

May 17, 2024 4647 Views 0 comment Print

Chronological analysis of GST Appellate Tribunal (GSTAT) formation and time limits for filing appeals following the President’s appointment.

Who Should File ITR? Guidelines and Exemptions

May 17, 2024 11880 Views 1 comment Print

Unsure if you need to file your Income Tax Return (ITR) for FY 2023-24? Learn about mandatory filing criteria, exemption limits, and key thresholds in this comprehensive guide.

Section 115JB Allows Deduction of profit of sick industrial company in book profit computation

May 17, 2024 372 Views 0 comment Print

Since, appellant company is a sick industrial company for impugned assessment year, any profit derived from said industrial companies can be deducted while computing book profit.

Section 11(2) of FT Act: No Penalty if no allegation of contravention of export or import provisions: SC

May 17, 2024 342 Views 0 comment Print

In Embio Limited vs. Director General of Foreign Trade, the Supreme Court sets aside a penalty under Section 11(2) of the Foreign Trade Act, ruling in favor of the appellant.

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