LLP audit guide detailing two key turnover limits: Rs.40 Lakhs/Rs.25 Lakhs Partner Contribution for Statutory Audit, and Rs.1 Crore/Rs.10 Crore for Tax Audit. Key filings are Form 11 (May 30th) and Form 8 (October 30th).
A small software company faced a maximum penalty of ₹2 lakh for delayed filing of financial statements. The ruling demonstrates MCA’s strict enforcement and timelines for filing under the Companies Act.
The RBI announced the withdrawal of ₹2000 notes in May 2023. As of Sept 30, 2025, 98.35% of notes are returned. Notes remain legal tender; exchange/deposit continues at RBI offices.
The Supreme Court ruled that bona fide purchasing dealers who paid tax to registered sellers cannot be denied Input Tax Credit under the DVAT Act, even if sellers defaulted on tax deposit.
Analysis criticizes the GST rule linking restaurant tax to hotel room tariff (over ₹7,500), arguing it unfairly imposes 18% GST on walk-in, non-luxury diners.
Summary of SEBI’s SDD framework under PIT Regulations. Learn requirements for tracking UPSI, including immutability, audit trails, preservation rules, and compliance certification.
Overview of RBI’s updated FEMA compounding provisions. Key features include 180 resolution, detailed penalty matrices for reporting contraventions, and non-compoundable cases.
Mandatory online filing for GST appeals at GSTAT portal. Learn staggered deadlines, APL-05 requirements, and procedural steps for appeals against S. 107/108 orders.
