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Company failed to appoint woman director: MCA imposes Penalty of ₹3.57 Lakh

January 8, 2025 387 Views 0 comment Print

Sajjan India Ltd fined ₹3.57 lakhs for failing to appoint a woman director as required by Section 149 of the Companies Act, 2013. Penalty includes company officers.

MCA Penalizes Company for Failing to Approve Financial Statements & Board Reports

January 8, 2025 306 Views 0 comment Print

MCA imposes penalties on BCL Homes Ltd for breaching Section 179(3) of the Companies Act, 2013. Detailed penalties include Rs. 2,00,000 on the company and fines on directors.

Non-Compliance with Sections 177 & 178: MCA penalises Company & Direrctors

January 8, 2025 306 Views 0 comment Print

Details of penalties imposed on BCL Homes Ltd. for non-compliance with Sections 177 & 178 of the Companies Act, 2013, as per MCA order dated 08/01/2025.

Income Tax Notification on IFSC Units and Tax Collection (TCS) Rules

January 6, 2025 1158 Views 0 comment Print

Government specifies IFSC units exempt from tax collection under Section 206C(1H) for eligible purchases. Details outlined for buyers and sellers.

CBIC Chairman Highlights: Pension Reforms, GST Evasion & Retirements

January 6, 2025 429 Views 0 comment Print

CBIC updates: Pension guide launched, GST evasion of ₹25 crores uncovered, and key officials retired. Insights into recent achievements and challenges.

Wheat Export of 2,00,000 metric tons to Nepal Approved via NCEL

January 4, 2025 249 Views 0 comment Print

India allows export of 2,00,000 MTs of wheat to Nepal through National Cooperative Exports Limited (NCEL) under DGFT Notification No. 48/2024-25.

CRS & FATCA: Tax Transparency & Disclosure of Foreign Assets & Income

January 3, 2025 855 Views 0 comment Print

Learn about CRS and FATCA, how India receives foreign account info, and the disclosure requirements for foreign assets and income in Indian tax returns.

Request For Empanelment of Cost Accountant with IFCI

January 3, 2025 960 Views 0 comment Print

IFCI invites Cost Accountants for empanelment to conduct audits and certifications under government schemes. Submit proposals by Jan 14, 2025. Details at IFCI’s website.

DGFT amends Para 6.06 of HBP 2023 for Parity with Chapter 4 of FTP

January 3, 2025 585 Views 0 comment Print

DGFT revises timelines in Para 6.06 of Handbook of Procedures (FTP 2023) for tea and spices imports to align with Chapter 4 provisions, easing compliance.

Income Tax Section 10(46) exemption: Karnataka Horticulture Agency

January 3, 2025 441 Views 0 comment Print

Income tax exemption for Karnataka State Horticulture Development Agency on grants, horticulture revenue, and interest. Applicable for FY 2020-2021 to 2023-2024.

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