Understand the guidelines for statutory auditors using internal audit work under SA 610, covering responsibilities, coordination, and evaluation.
Understand leave encashment rules under Section 10(10AA). Does resignation qualify for exemption? Learn the tax implications and key case law precedents.
The 2024 budget introduces changes in capital gains tax for immovable property, removing indexation and offering two tax options for residents.
Rajasthan HC rules carrying firearms is a statutory privilege, not a fundamental right under Article 21. Application for second firearm license denied due to lack of need.
Analysis of ITAT Kolkata’s ruling in Usha Devi Modi vs ITO on Section 263 of the Income Tax Act, addressing capital gains on penny stocks and revisionary jurisdiction.
ITAT Kolkata rules in Shashi Bala Bajaj vs ITO that LTCG addition based on generalized reports, suspicion, and conjectures is not sustainable.
The Government of West Bengal extends the jurisdiction of Labour Courts, Industrial Tribunals, and related courts for faster dispute resolution and case disposal.
Allahabad HC ruled that GST goods can’t be seized or penalized for taking a different route during transit if documents are genuine. Case: Exide Industries Ltd.
SEBI amends Alternative Investment Funds (AIF) Regulations 2012, introducing changes to investor rights, pro-rata distributions, and differential rights for select investors.
The due date for GSTR-3B for October 2024 is extended to November 21, 2024, for businesses in Maharashtra and Jharkhand as per CBIC Notification No. 26/2024.
