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Archive: 10 October 2024

Posts in 10 October 2024

Evolution of FVCI Regulations: Analysing SEBI’s 2024 Amendments

October 10, 2024 2241 Views 0 comment Print

SEBI amends Foreign Venture Capital Investor regulations to streamline registration, enhance oversight, and align with global investment standards.

Settlement of Family Pension for Two Wives Under CCS Rules

October 10, 2024 2481 Views 0 comment Print

Guidelines on family pension distribution for government servants with multiple spouses under the CCS Pension Rules, 2021, as per recent office memorandum.

Maharashtra GST Jurisdiction Notification Issued

October 10, 2024 3558 Views 0 comment Print

The Maharashtra government defines jurisdiction areas for GST officers under Notification MGST-1524, effective July 24, 2024.

RBI Revises Guidelines for ARCs on Data Submission to CICs

October 10, 2024 1494 Views 0 comment Print

RBI mandates ARCs to report credit data to all CICs fortnightly, appoint a nodal officer, and follow best practices. Compliance required by January 1, 2025.

ICAI Reprimands CA for Not Attaching Mandatory DIR-2 Forms

October 10, 2024 360 Views 0 comment Print

The ICAI Disciplinary Committee reprimands CA. Himanshu for professional misconduct citing negligence in verifying company registration documents and non-compliance with mandatory attachment rules.

Over 34 Lakh Audit Reports Filed by Taxpayers till 7th October 2024

October 10, 2024 2955 Views 0 comment Print

Over 34 lakh Audit Reports filed on the e-filing portal by October 7, 2024, showing a 4.8% increase from last year, according to the Income Tax Department.

CA Reprimanded for False Declarations and Misconduct

October 10, 2024 396 Views 0 comment Print

 A Chartered Accountant was reprimanded by the ICAI’s Disciplinary Committee for professional misconduct, including falsely certifying a physical office visit and witnessing signatures.

Public Comments Invited on Amendment to Shift ICMAI HQ to Delhi

October 10, 2024 1212 Views 0 comment Print

The Institute of Cost Accountants invites public feedback on the proposed shift of its headquarters from Kolkata to Delhi under CWA Regulations, 1959.

ITAT Mumbai direct AO to compute addition at 3% of Bogus Purchase

October 10, 2024 1137 Views 0 comment Print

ITAT Mumbai grants partial relief to Ramniklal & Sons in the bogus purchase case, directing reassessment based on judicial precedents.

Section 264: Remedy for Bona Fide Mistakes in Tax Assessments – Bombay HC

October 10, 2024 1605 Views 0 comment Print

Bombay High Court allows revision under Section 264, addressing double taxation and rejecting the need for a revised return under Section 139(5).

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