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Archive: 26 June 2024

Posts in 26 June 2024

A Guide to Tax Benefits of a Hindu Undivided Family (HUF)

June 26, 2024 7086 Views 1 comment Print

Explore the tax benefits of a Hindu Undivided Family (HUF) in India. Learn about deductions, exemptions, and potential drawbacks of this unique legal entity.

Digital Lending and RBI Strictness

June 26, 2024 1059 Views 1 comment Print

Discover RBI’s stringent guidelines on digital lending post-COVID. Learn key regulations for banks and NBFCs, ensuring fair practices and consumer protection.

ICAI Penalises CA for Improper Partnerships and Undisclosed Audits

June 26, 2024 573 Views 0 comment Print

ICAI’s Disciplinary Committee fined CA Pawan Kumar Agrawal Rs. 25,000 for professional misconduct. Failure to pay within 90 days will result in a 30-day membership removal.

ICAI Penalises CA for failure to report statutory violations in financial statements

June 26, 2024 441 Views 0 comment Print

ICAI’s Disciplinary Committee removed CA Ramesh Maheshwari from membership for three months and issued a Rs. 1 lakh fine for professional misconduct.

AOC-4 filing without cash flow statement: ICAI Fines CA

June 26, 2024 387 Views 0 comment Print

ICAI imposed a ₹25,000 fine on CA Anand Chauhan for professional misconduct linked to an AOC-4 filing. Non-payment may lead to temporary membership removal.

ICAI Penalises CA for omission of cash flow statement in AOC-4 filing

June 26, 2024 315 Views 0 comment Print

ICAI’s Disciplinary Committee imposed a ₹25,000 fine on CA Uttam Kumar Chauhan for professional misconduct related to an AOC-4 filing error.

Kerala HC on levy of KVAT on sale of apartments & exclusion of Land Value from Taxable Turnover

June 26, 2024 777 Views 0 comment Print

Detailed analysis of Kerala High Court’s judgment on KVAT Act in DLF Home Developers Limited vs State of Kerala. Learn about works contract taxation under KVAT.

ICAI Fines CA for Misstatements in NBFC Audit

June 26, 2024 600 Views 0 comment Print

ICAI imposes ₹25,000 fine on CA Uttam Kumar Chauhan for misstatements in NBFC audit, including fabrication of cash flow and revenue inconsistency.

Deeming Provisions of Section 50C Not Apply to Leasehold Rights: ITAT Delhi

June 26, 2024 1773 Views 0 comment Print

ITAT Delhi rules that Section 50C deeming provisions cannot be applied to leasehold rights in the Shivdeep Tyagi vs ITO case.

ICAI Fines CA for Ethics Breach in Audit & Violation of tender rules

June 26, 2024 753 Views 0 comment Print

ICAI imposed ₹15,000 fine on CA Devashish Garodia for audit without proper communication and for violating tender rules meant only for CAs.

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