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Archive: 16 September 2024

Posts in 16 September 2024

How To Become Proficient in Bank Concurrent Audit?

September 16, 2024 15 Views 0 comment Print

Learn the key practices for becoming proficient in Bank Concurrent Audit. Focus on investment, documentation, and system understanding to excel in this field.

7 Key Wealth Building Tips for Lasting Financial Success

September 16, 2024 12 Views 0 comment Print

Discover 7 essential wealth-building tips: invest smartly, save wisely, create multiple income sources, and plan for retirement to achieve lasting financial success.

As Ganesha Removes Hurdles, GST Council Eases Road for Taxpayers!!

September 16, 2024 15 Views 0 comment Print

GST Council’s 54th meeting brings rate cuts, compliance relief, and new e-invoicing for taxpayers. Key updates include lower GST rates and exemptions.

No Service Tax Liability on Incentives for Mutual Fund Promotion: CESTAT Ahmedabad

September 16, 2024 15 Views 0 comment Print

CESTAT Ahmedabad exempts NJ India Invest Pvt. Ltd. from service tax on mutual fund distribution incentives, magazine ads, and vocational training for sub-distributors.

Doctrine of election: IBC Can Be Invoked After Recovery Certificates by DRT

September 16, 2024 138 Views 0 comment Print

Supreme Court allows IBC proceedings after DRT recovery certificates. Doctrine of election doesn’t bar creditors from seeking NCLT relief after DRT recovery.

HC Remands Case to CIT for Reconsideration on University’s Section 10(23C)(vi) Eligibility

September 16, 2024 48 Views 0 comment Print

Chhattisgarh High Court ruling on Shaheed Nand Kumar Patel Vishwavidyalaya vs CIT. Examines rejection of tax exemption under Section 10(23C) of IT Act.

Penalty Imposed on Price Waterhouse by MCA for Financial Disclosure Non-compliance

September 16, 2024 1905 Views 0 comment Print

MCA imposes penalty on Price Waterhouse for failure to properly classify and disclose earnings in foreign exchange, income from investments, and other key financial details, as mandated by the Companies Act.

Tax Due Diligence

September 16, 2024 111 Views 0 comment Print

Learn about tax due diligence, its importance in assessing tax liabilities, and how it impacts transactions by identifying potential tax issues and exposures.

Non-Compliance with Section 90(4A) & BEN-4 Notice Rules: MCA imposes Penalty

September 16, 2024 210 Views 0 comment Print

Government imposes penalties on Majid Al Futtaim Hypermarkets for non-compliance with Section 90 of the Companies Act, 2013, related to significant beneficial ownership.

Covid-19 lockdown valid reason to extend time for auction purchaser to deposit balance consideration

September 16, 2024 81 Views 0 comment Print

Supreme Court held that Covid-19 lockdown was a valid reason for extension of time to deposit the balance sale consideration to auction purchaser under Insolvency and Bankruptcy Code.

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