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Archive: 12 June 2024

Posts in 12 June 2024

ITC alleged from Non Existence Entity/ Bail Granted in GST | Tax Evasion Case

June 12, 2024 528 Views 0 comment Print

ITC alleged from non-existent entity leads to Rs. 6.67 crore tax evasion case in Gujarat High Court. Bail granted to Dipen Champaklal Shah. Learn more.

Falsified financial statement Preparation: ICAI found Member guilty of misconduct

June 12, 2024 723 Views 0 comment Print

The ICAI’s Board of Discipline reprimanded CA Devarajan K.E. for misconduct, following an investigation into professional and other misconduct.

How to declare Dividend: Company Law Provisions

June 12, 2024 1620 Views 0 comment Print

Discover the intricacies of declaring dividends under Section 123 of the Companies Act, 2013. Learn about sources, rules, and procedures for dividend payments.

Notification No. 42/2024-Customs (N.T.), Dated:12th June 2024

June 12, 2024 990 Views 0 comment Print

Explore the latest Customs notification amendment by the Ministry of Finance, impacting Vizhinjam International Seaport operations. Learn more about these changes here.

Guarantee Commission Charges taxable in India as “other income” under Article 23(3) of Indo-UK DTAA

June 12, 2024 696 Views 0 comment Print

Guarantee commission charges received by a foreign parent company from its Indian subsidiaries were taxable in India, not as interest but as “other income” under Article 23(3) of the DTAA.

No Assessment Order could be Passed in name of Non-Existent Entity after an intimation was given to AO

June 12, 2024 2142 Views 0 comment Print

ITAT Mumbai invalidates income tax assessment for a merged entity, emphasizing the legal principle against actions on non-existent entities.

Decoding Money Laundering: Prevention of Money Laundering Act

June 12, 2024 1803 Views 0 comment Print

Explore the Prevention of Money Laundering Act (PMLA), its implications, recent amendments, and the role of financial professionals in combating money laundering.

DGFT Public Notice No. 11/2024-25: New Agencies Added

June 12, 2024 2181 Views 0 comment Print

Stay updated with Public Notice No. 11/2024-25 from DGFT, Ministry of Commerce & Industry, adding agencies to Appendix 2G of Foreign Trade Policy.

DGFT Notice: RCMC Issuance for Medical Devices | Trade Alert

June 12, 2024 507 Views 0 comment Print

Stay informed with DGFT Trade Notice 05/2024 regarding RCMC issuance for medical devices. Get insights on changes and implications for trade and industry.

Important points to keep in mind before filling ITR -AY 2024-25

June 12, 2024 5412 Views 0 comment Print

Hello readers, After a long time, today I will discuss important points to keep in mind before filling out ITR: 1. Firstly, don’t rush to file ITR as the AIS (Annual Information Statement) is not yet fully updated on the Income Tax Portal. Wait until 15th June, as there might be information updated later on. […]

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