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Archive: 10 November 2024

Posts in 10 November 2024

Section 271B penalty quashed as Revenue Misinterprets Gross receipt of agent as Sales

November 10, 2024 309 Views 0 comment Print

ITAT Delhi rules on Sh. Nikki Tyagi’s appeal against penalty under Sec. 271B for failure to audit accounts due to turnover limits. Clarifies income on commission basis.

Mere cash deposits not constitutes turnover for Section 44AB Audit: ITAT Delhi

November 10, 2024 2712 Views 0 comment Print

ITAT Delhi hears Mohd Javed’s appeal against penalty under Sec. 271B, assessing the nature of cash deposits as agent turnover vs. personal income.

E इन्वॉइसिंग और ई-वे बिल की संयुक्त समीक्षा।

November 10, 2024 1749 Views 0 comment Print

जीएसटी में ई-इनवॉइसिंग और ई-वे बिल का महत्व, उनकी आवश्यकताएं, अंतर और एकीकृत अनुपालन प्रक्रिया पर संक्षिप्त समीक्षा।

SEBI’s Proposed Review of UPSI Definition under insider trading Regulations

November 10, 2024 387 Views 0 comment Print

SEBI seeks public comments on revising the UPSI definition under Insider Trading Regulations for better clarity and compliance. Deadline: November 30, 2024.

SEBI Advisory on Communication Protocol for Entities

November 10, 2024 162 Views 0 comment Print

SEBI advises entities to seek approvals only via formal communication and follow the Informal Guidance Scheme for policy clarifications.

Revised Classification Criteria for Non-Company Entities in Accounting Standards

November 10, 2024 1497 Views 0 comment Print

ICAI announces new classification criteria for non-company entities’ Accounting Standards, effective April 1, 2024. Learn about MSME and Large Entity classifications.

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