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Archive: June, 2024

Posts in June, 2024

IBBI caution IP to exercise greater caution & diligence in performing his duties

June 20, 2024 420 Views 0 comment Print

IBBI’s disciplinary order for Mr. Uday Narayan Mitra reveals insights on fees and compliance issues under the Insolvency and Bankruptcy Code, 2016

Budget Memorandum 2024 & suggested Amendments to Income-tax Act 1961

June 20, 2024 3270 Views 0 comment Print

Explore the Malad Chamber of Tax Consultants’ 2024 Pre-Budget Memorandum proposing crucial amendments to the Income Tax Act, 1961, aimed at reducing litigation and boosting the economy.

Representation For Changes in GST to reduce litigation of past period

June 20, 2024 1875 Views 0 comment Print

Representing Karnataka State Chartered Accountants Association’s suggestions for GST Act changes to Hon. Union Minister of Finance, Nirmala Sitharaman. Recommendations aim to streamline tax laws, reduce disputes, and enhance compliance.

Request to Reduce Mandatory Pre-Deposit & to Clarify Ambiguities for GST Appeals

June 20, 2024 3573 Views 0 comment Print

KSCAA urges FM Nirmala Sitharaman to reduce mandatory pre-deposit for GST appeals, addressing financial strain and clarifying ambiguities.

Representation Regarding Upgrades on Karnataka Professional Tax Website

June 20, 2024 324 Views 0 comment Print

KSCAA requests improvements to the Karnataka Professional Tax website to streamline processes for taxpayers and enhance user experience.

No Woman Director Appointed (Section 149 Violation): MCA Imposes ₹4 Lakh Penalty

June 20, 2024 357 Views 0 comment Print

Ministry of Corporate Affairs, penalised Pentagon Global Solutions Limited ₹4 Lakh for non-compliance with Section 149 of Companies Act, 2013.

Uniform Civil Code, Uttarakhand Act, 2024 is A Right Step In Right Direction

June 20, 2024 468 Views 1 comment Print

The Uniform Civil Code, Uttarakhand Act, 2024 establishes common personal laws for all citizens, promoting equality. Discover its impact and implications.

India is attracting investors, but foreign investment is delayed. What is the reason?

June 20, 2024 1248 Views 0 comment Print

Companies such as Apple, Foxconn, Parimatch, Tesla are ready to invest in the country. Parimatch and other companies have high hopes for the Indian economy, but there are obstacles for business in India to be removed.

Rajasthan HC dismisses Writ on Reassessment Notice for Participation in Reassessment Proceedings

June 20, 2024 561 Views 0 comment Print

Rajasthan High Court refuses writ jurisdiction on reassessment notice in Smt. Rama Gupta vs DCIT, advising petitioner to pursue appellate remedies.

Section 80P(2)(d) deduction on interest/dividend income out of investments with co-op society

June 20, 2024 543 Views 0 comment Print

ITAT Bangalore rules on Tumkur City Credit Society vs ITO, confirming eligibility for deduction u/s 80P(2)(d) of the Income Tax Act. Case remitted to AO for review.

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