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Archive: 11 February 2025

Posts in 11 February 2025

Alleged Bogus LTCG from penny stocks: ITAT Kolkata invalidates reassessment due to lack of tangible evidence

February 11, 2025 942 Views 0 comment Print

ITAT Kolkata invalidates reassessment in Pradip Kumar Jajodia HUF case, citing lack of tangible evidence for alleged bogus LTCG on penny stock transactions.

All Agency Banks to remain open for public on March 31, 2025 (Monday): RBI

February 11, 2025 1023 Views 0 comment Print

RBI directs agency banks to stay open on March 31, 2025, for government transactions, ensuring financial year-end payments and receipts are processed on time.

SEBI Seeks Public Input on Unclaimed Client Funds Policy

February 11, 2025 804 Views 0 comment Print

SEBI proposes a mechanism to manage unclaimed client funds and securities with Trading Members. Public comments invited until March 4, 2025.

SEBI Circular on Stock Brokers’ Access to NDS-OM

February 11, 2025 888 Views 0 comment Print

SEBI issues guidelines for stock brokers to access NDS-OM for Government Securities trading under Separate Business Units. Compliance and safeguards detailed.

DGFT Warns Against issue of Manual Certificates of Origin

February 11, 2025 1332 Views 0 comment Print

DGFT mandates electronic Certificates of Origin via Trade Connect. Manual certificates issued after deadlines will be invalid and may face customs rejection.

ICAI Revises Guidelines for CA Firm Mergers and Demergers

February 11, 2025 1542 Views 0 comment Print

ICAI issues updated Merger and Demerger Guidelines 2024 to streamline processes for CA firms, encouraging strategic mergers. Effective immediately.

CGST Section 61 Reply Doesn’t Bar Section 73 Tax Recovery: SC

February 11, 2025 2136 Views 0 comment Print

Supreme Court rejects SLP of Goverdhandham Estate against Rajasthan HC’s decision in GST dispute over ITC eligibility on elevators and ACs.

Understanding Section 128A: Waiver of Interest and Penalties

February 11, 2025 16113 Views 3 comments Print

Learn about Section 128A of CGST Act, introduced to reduce litigation in non-fraud cases, covering tax waivers, notified dates, conditions, and Rule 164 provisions.

Draft Reply to Notice on Excess ITC Claimed in GSTR-3B Compared to GSTR-2B

February 11, 2025 14721 Views 0 comment Print

Learn how to address GST notices on excess ITC claimed in GSTR-3B compared to GSTR-2B with structured replies, reconciliation steps, and supporting documents.

Resignation and Removal of Director as Per Companies Act 2013

February 11, 2025 8847 Views 0 comment Print

Learn about the legal procedures for director resignation and removal under the Companies Act, 2013, including compliance with ROC filings and board approvals.

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