A CA was found not guilty of professional misconduct by a disciplinary committee. The case involved the non-attachment of Form AOC-1 to e-Form AOC-4, a requirement for companies with foreign subsidiaries. The CA was cleared after it was determined the client only had an Indian subsidiary.
Penalty imposed on Sh. Laxit Awla under Section 165 of Companies Act, 2013, for exceeding directorship limits. Details on violations and appeal process included.
The IFSCA invites feedback on draft regulations for capital market intermediaries in IFSC, aiming for enhanced regulation, investor protection, and market integrity.
SEBI’s consultation paper proposes diversification of Clearing Corporation ownership, addressing systemic risks and governance to ensure market stability and public interest.
ICAI signs MoU with CBSE to promote commerce-based skill courses in the BFSI sector, enhancing student employability through specialized education.
SEBI proposes a framework for KMP appointments and cooling-off periods for MIIs. Public comments invited by December 12, 2024.
Understand penalties for under-reporting and misreporting of income in transfer pricing adjustments, as per the Income Tax Act 1961.
Depreciation is statutory deduction that allows businesses to set off cost of their tangible & intangible assets over their useful life. Income Tax Act, 1961, offers framework for claiming depreciation, designed in such way that reduce financial burden on businesses by acknowledging wear & tear that assets undergo over time. This approach encourages investment, facilitates upkeep of assets, and ultimately strengthens business sustainability.
Madras High Court quashes tax demand order in Diamond Cargo Movers case, allowing the petitioner to file a reply and remit 25% disputed tax.
जानें धारा 16(5)(6) के तहत ITC दावे के लिए सुधार प्रक्रिया और 2024 की अधिसूचनाएं, आवेदन प्रक्रिया, समयसीमा व अन्य महत्वपूर्ण जानकारी।
