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Archive: 25 July 2024

Posts in 25 July 2024

Non-disclosure of related party transactions in Form AOC-2: MCA imposes Penalty

July 25, 2024 2535 Views 0 comment Print

M/s Abu Estate Pvt Ltd fined for violating Section 134(3)(h) of Companies Act, 2013. Penalty imposed for non-compliance during FY 2014-15 to 2017-18.

Budget 2024: Time Limitation Changes for TCS/TDS Default Orders

July 25, 2024 1740 Views 0 comment Print

From April 2025, the Income-tax Act limits the time for issuing default orders to six years or two years from correction statements. Learn more about these changes.

Section 200A expanded in Budget 2024: Processing Non-Deductor Statements

July 25, 2024 1554 Views 0 comment Print

Effective April 2025, Section 200A will include processing for statements filed by non-deductors. This change aims to improve the handling of various tax-related statements.

Capital Gains Taxation Post-Budget: FAQs on Indexation & Rate Changes

July 25, 2024 15201 Views 3 comments Print

Explore FAQs on latest capital gains tax changes effective from July 23, 2024. Simplified holding periods, updated rates, and rollover benefits explained in detail.

Failure to Maintain Adequate Accounting Records: MCA imposes Penalty

July 25, 2024 363 Views 0 comment Print

MCA imposes penalties on Ws. Abu Estate Pvt. Ltd. for inadequate accounting records, including fines for directors, under Companies Act, 2013.

Directors of company not signed Directors reports: MCA imposes Penalty

July 25, 2024 417 Views 0 comment Print

MCA fines Abu Estate Pvt Ltd and its directors for not signing Directors’ Reports as per Section 134(1) of the Companies Act. Total penalty: ₹13.5 lakh.

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