APS Micro Credit fined Rs. 1 lakh for violating Section 158 of the Companies Act, 2013. Director failed to mention DIN in financial statements for FY 2013-15.
Karnataka High Court held that delay in filing of income tax returns results into imposition of penalty and prosecution. Payment of penalty for delay in filing return doesn’t exonerate petitioner from being prosecuted.
Karnataka High Court held that in case of service of retreading tyres, service tax is payable only with respect to the service component under the Finance Act. Service tax is not payable on the entire gross value. Hence, petition partly allowed.
Madras High Court directed granting of one final opportunity of being heard as demanded by assessee on payment of 10% of the disputed taxes under GST. Accordingly, order set aside and matter remanded back.
Kerala High Court held that issuance of notice for imposition of penalty under section 271B for failure to furnish audit report after more than four years of completion of assessment is barred by limitation as per section 275(1)(c) of the Income Tax Act.
Understand the process and requirements for converting an unlisted public company into an LLP, including necessary filings and documentation.
Failure to comply with accounting standards may violate LODR regulations, affecting financial transparency, director accountability, and investor confidence.
Punjab & Haryana HC grants relief to son of a soldier injured in anti-terror operation in J&K, asserting his entitlement to a job under Punjab’s 1999 policy.
Learn about Section 40(b) limits on partner remuneration and the introduction of Section 194T for TDS on remuneration, effective April 2025.
You know how running a business feels like constantly spinning plates—making decisions, managing operations, keeping clients happy? Then, there’s the paperwork, the bank visits and those small yet essential errands that somehow eat up hours of your day. It’s not just frustrating, it’s time you could spend growing your business or catching a rare moment of calm.
