The adjudicating officer found that holding multiple DINs contravened Section 155 of the Companies Act. Despite the director’s claim of inadvertence and voluntary surrender, a reduced penalty of 50% of the maximum was levied.
A comprehensive analysis of ITC under GST, covering statutory conditions, blocked credits, supplier default issues, and landmark judicial interpretations shaping taxpayer rights.
Selecting travel insurance requires assessing medical needs, age-specific coverage, and trip risks. Matching coverage to destination and travel purpose helps avoid costly surprises abroad.
With automated notices and strict system validations, even minor GST mismatches can trigger penalties, interest, and blocked returns. Businesses must strengthen ITC reconciliation, filing discipline, and vendor compliance to avoid financial risks.
This article explains how residential status under the Income-tax Act, 1961 determines whether India can tax your global income or only India-sourced income. It highlights statutory tests, classifications, and judicial principles governing tax jurisdiction.
The RBI has updated Form ECB 1 and Form ECB 2 under the revised External Commercial Borrowing framework. Authorised Persons must comply with the new reporting formats with immediate effect.
The CBIC amended Notification 36/2001 under Section 14(2) of the Customs Act by substituting tariff tables. However, tariff values for gold, silver, palm oil, brass scrap, and areca nuts remain unchanged.
The Aadhaar App has seen nearly 14 million downloads, with 1 million users updating their mobile numbers digitally. The app highlights growing trust in secure, privacy-first identity services.
Draft amendment requires HFCs to follow responsible business conduct norms applicable to NBFCs for loan recovery and recovery agents. Existing Fair Practices Code provisions are set to be replaced.
The draft amendment introduces detailed norms on recovery agents, borrower treatment, and grievance redressal. Harsh practices and coercive recovery methods are expressly prohibited.
