Key changes in excise duty and Clean Environment Cess under Finance (No. 2) Bill, 2024, including extended deadlines and exemptions.
Discover the key amendments in the Finance (No. 2) Bill, 2024, affecting CGST, IGST, UTGST, and Cess Act, including tax exemptions and changes in credit rules.
Starting October 1, 2024, Commissioners (Appeals) will gain new powers to set aside and refer best judgment assessments back to Assessing Officers.
SEBI adjudicates insider trading case against Shalimar Paints Limited for failing to identify and manage UPSI during fund-raising activities. Read the full findings.
Budget 2024 amends Section 271FAA to include penalties for inaccurate information and due diligence failures, effective October 1, 2024.
MCA imposes penalties on Ws. Abu Estate Pvt. Ltd. for inadequate accounting records, including fines for directors, under Companies Act, 2013.
MCA fines Abu Estate Pvt Ltd and its directors for not signing Directors’ Reports as per Section 134(1) of the Companies Act. Total penalty: ₹13.5 lakh.
AAR Tamil Nadu confirms eligibility for ITC on motor vehicle leasing services used for women’s transport under Tamil Nadu Shops Act. Full details of the ruling inside.
Finance Bill 2024 updates Section 80G to reflect “National Sports Development Fund” and changes approval procedures for charities. Effective April 1, 2025.
Budget 2024 proposes amendments to section 153 and section 139 of Income Tax Act to address procedural difficulties and streamline timelines for tax assessment, reassessment, and recomputation.
