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Archive: 07 June 2024

Posts in 07 June 2024

Form GST SRM-II is now available on GST portal: GSTN

June 7, 2024 2652 Views 0 comment Print

Now, the second form namely, Form GST SRM-II is also available on the portal. Taxpayers dealing in the manufacture of Pan Masala and Tobacco products can now report the details of inputs and outputs procured and consumed for the relevant month.

Shares allotted in Physical mode instead of DEMAT: MCA imposes ₹31.83 Lakh Penalty

June 7, 2024 1257 Views 0 comment Print

Learn about the penalty of Rs. 31.83 Lakh imposed by the MCA for issuing shares in physical mode instead of DEMAT mode in the Biogenomics case.

No power to Adjudicating Authority to substitute its own Assumption with CoC’s Commercial Wisdom

June 7, 2024 822 Views 0 comment Print

Dive into the NCLAT judgment on Sarda Energy vs Ashish Arjunkumar Rathi, exploring why the Adjudicating Authority can’t substitute CoC’s decisions.

Case Study on Bhansali Scam

June 7, 2024 5331 Views 0 comment Print

Delve into the CRB Scam case study of 1996, exposing loopholes exploited by Bhansali, implications on public funds, and the vital role of auditors in maintaining transparency.

Audit Requirements & Criterion for Business & Profession (Section 44AB) Assessment Year 2024-24

June 7, 2024 149637 Views 2 comments Print

Understand tax audit requirements under Section 44AB for AY 2024-25. Detailed analysis for businesses and professionals, including turnover and presumptive taxation rules.

Worldwide Freelancing: Professional Contract Work & Tax Implications in India

June 7, 2024 2541 Views 0 comment Print

Explore the freelance economy growth, benefits, and tax implications for Indian freelancers, including income tax, Section 44ADA, and GST compliance for global clients.

Important aspects one should know before filing the ITR

June 7, 2024 20217 Views 12 comments Print

Hassle-free filing of ITR 1 for FY 2020-21. Learn about income sources and due dates. Stay updated on important aspects of income taxes.

Unsigned Confession Cannot Be Sole Basis For Conviction: Gauhati HC

June 7, 2024 384 Views 0 comment Print

Gauhati HC rules that an unsigned confession alone cannot convict an accused, highlighting the need for substantial evidence in criminal cases.

Cinematograph (Adjudication of Penalty) Rules, 2024

June 7, 2024 306 Views 0 comment Print

Explore the new Cinematograph (Adjudication of Penalty) Rules, 2024. Learn about the appointment, powers, procedures, and penalties under the latest regulations.

Honey Grading and Marking Rules, 2024

June 7, 2024 534 Views 0 comment Print

The Ministry of Agriculture announces new Honey Grading Rules 2024, setting updated standards for quality, packaging, and labeling. Learn more about the changes.

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