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Archive: 28 August 2024

Posts in 28 August 2024

Prima Facie Belief Required with Tangible Material Showing Income Escaped Assessment- Section 147/148

August 28, 2024 912 Views 0 comment Print

Assessee, an individual, had deposited cash in his bank account. During assessment, AO observed that assessee had entered into share transactions and earned income from commodities through Multi Commodity Exchange.

Penalty for Non-Filing of Financial Statements by Company: MCA levied penalty

August 28, 2024 822 Views 0 comment Print

M/s. Kumar & Vir Skybuilders Pvt. Ltd. fined for non-filing of financial statements for FY 2022-23. Learn about penalties and compliance under the Companies Act, 2013.

NPS Contributions enabled through Bharat Bill Payment System (BBPS)

August 28, 2024 882 Views 0 comment Print

PFRDA introduces NPS contributions through Bharat Bill Payment System (BBPS), offering a convenient payment option with minimal charges for subscribers.

IBBI invites EOI for conducting Post Graduate Insolvency Programme

August 28, 2024 681 Views 0 comment Print

IBBI seeks EoI from institutions to conduct the Post Graduate Insolvency Programme (PGIP) to enhance insolvency professionals in India. Submit by 28th August 2024.

SEBI Advisory on investment in securities of SME Segment Companies

August 28, 2024 771 Views 0 comment Print

SEBI advises caution for investors in SME segment stocks due to misleading practices by some companies. Avoid reliance on unverified sources.

Mandatory additional qualifiers in import declarations in respect of coking/ non-coking coal

August 28, 2024 609 Views 0 comment Print

Suggestions invited for new mandatory qualifiers in coal import declarations. Comments on the draft Circular are due by 12.09.2024. Details enclosed.

Line Sales and its implications in GST

August 28, 2024 18636 Views 2 comments Print

GST implications of line sales, including handling e-way bills, delivery challans, and tax invoices for efficient and compliant operations.

Process for Conversion of LLP into Private Company

August 28, 2024 5466 Views 0 comment Print

Discover the process and benefits of converting an LLP into a Private Limited Company, including tax advantages, funding options, and more.

CBI Arrests Principal Income Tax Commissioner and 4 Others in Bribery Case

August 28, 2024 2553 Views 0 comment Print

CBI arrests Principal Commissioner of Income Tax and 4 private individuals in a bribery case involving Rs. 10 lakh from different assessees. Investigation ongoing.

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