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Archive: 09 September 2024

Posts in 09 September 2024

India’s Stock Market Capitalisation Overweighs Its GDP

September 9, 2024 1737 Views 0 comment Print

India’s stock market capitalization at 137.8% of GDP highlights a surge in market value, with implications for investors and inflation. Learn more about market trends and P/E ratios.

Understanding Income Tax and GST for Mandal’s and Religious Temples!!!

September 9, 2024 5688 Views 0 comment Print

Explore crucial Income Tax and GST provisions for Ganpati mandals and temples. Learn about exemptions, registration, and compliance to avoid tax issues.

Analysis of Notifications and Circulars for Week ending 8th September 2024

September 9, 2024 1095 Views 0 comment Print

Stay updated on GST, Income Tax rulings, SEBI notifications, and Excise duty exemptions issued during the week of 2nd-8th September 2024.

Income Tax: Instruction regarding SOP for handling Internal Audit Objections

September 9, 2024 11601 Views 0 comment Print

New CBDT instruction outlines updated procedures for internal audit objections, emphasizing accountability, compliance, and efficiency in tax assessments.

ICAI Reopens Exam Application for CA November 2024

September 9, 2024 801 Views 0 comment Print

ICAI reopens online application for CA Final & PQC exams from Sep 11-12, 2024, with a late fee. Apply now to meet the new timeline requirements.

Capital Gain Exemptions on Property or any Other Asset Sale (Sections 54, 54F, 54EC)

September 9, 2024 7470 Views 6 comments Print

Learn about capital gain exemptions under Sections 54, 54F, and 54EC of the Income-tax Act for property sales. Maximize tax benefits on LTCG with proper planning.

CASA Ratio in Banking: Meaning and Importance in Baking Sector

September 9, 2024 5157 Views 0 comment Print

Discover the meaning and significance of the CASA (Current Account and Saving Account) ratio in banking and its impact on a bank’s profitability and cost of funds.

Penalty Imposed for Companies Act Section 161 Violation by Oriental India

September 9, 2024 480 Views 0 comment Print

Registrar of Companies imposes penalties on Oriental India Kisanshakti Nidhi Limited for failing to regularize an additional director as per Section 161 of Companies Act, 2013.

IGST refund can be granted to exporter after deducting differential duty for opting higher duty drawback

September 9, 2024 1164 Views 0 comment Print

The Bombay High Court ruled on Kunal Housewares Pvt. Ltd.’s IGST refund claim. The decision clarifies the conditions for refund despite higher drawback claims.

Sewage Treated Water Supply Exempt from GST: AAR Andhra Pradesh

September 9, 2024 669 Views 0 comment Print

AR Andhra Pradesh rules that the supply of sewage treated water is exempt from GST as per Entry No. 99 of the 2017 GST Exemption Notification.

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