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Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023

November 9, 2023 6849 Views 0 comment Print

Explore Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023 notified by Ministry of Corporate Affairs. Learn about definitions, duties, declarations, and compliance

Insurance Ombudsman (Amendment) Rules, 2023

November 9, 2023 1794 Views 0 comment Print

Explore the latest amendments to the Insurance Ombudsman Rules, 2017 by the Ministry of Finance. Changes in financial services institutions, resignation protocols, awards, and more.

MCA Imposes ₹30.88 Lakh Penalty for Appointing Same KMP in Multiple Companies

November 8, 2023 684 Views 0 comment Print

Breaking news: Western Carriers (India) Limited penalized ₹30.88 Lakh by MCA for employing the same person as KMP in multiple companies. Details on violations, penalties, and appeal process.

Section 80D – All you need to know about deductions for medical & health insurance

November 8, 2023 4269 Views 1 comment Print

Health insurance is a key asset to invest in, to safeguard oneself from unexpected and hefty medical bills. However, if we look at the average household in India, a very small percentage of people have medical insurance policies.

Compliance Cost Under Income Tax Act And GST

November 7, 2023 1779 Views 0 comment Print

Understand the compliance costs under the Income Tax Act and GST in India. Explore the factors influencing these costs, including tax planning, audits, and GST enrollment. Learn how businesses can navigate the complexities to ensure compliance and minimize financial and administrative burdens.

Reducing Complexities in Small Business Finances: Utilizing Business Loan EMI Calculators and Aadhar Cards for Hassle-Free Loans

November 6, 2023 381 Views 0 comment Print

In this blog post we will cover two tools that can streamline this journey: Business Loan EMI Calculators and the Aadhar Card. Let’s see how these can make getting loans much simpler.

Companies Act, 2013 Section 12(1) & (4) Violation: MCA Imposes Penalty

November 6, 2023 10809 Views 0 comment Print

Introduction: The Ministry of Corporate Affairs (MCA) has recently imposed a penalty on Penta Overseas Recruitment Private Limited for the violation of Section 12(1) & (4) of the Companies Act, 2013. This article delves into the adjudication order and explores the implications for the company and its directors. Detailed Analysis: 1. Appointment of Adjudicating Officer: […]

CESTAT Confirms Customs Duty Value Increase for Digital Multi-Function Printer

November 5, 2023 501 Views 0 comment Print

CESTAT Kolkata’s decision to uphold the enhanced value of customs duty on a multi-function printer based on a chartered engineer’s estimation.

AP HC allows writ petition and condones delay in filing GST appeal

November 4, 2023 636 Views 0 comment Print

Andhra Pradesh High Court allows a writ petition and condones the delay in filing a GST appeal, offering relief to the petitioner.

Assessment Proceedings Void Due to Invalid Draft Order

November 4, 2023 762 Views 0 comment Print

FedEx Express Transportation and Supply Chain Services (India) Private Limited Vs DCIT (ITAT Mumbai) The case of FedEx Express Transportation and Supply Chain Services (India) Private Limited Vs DCIT (ITAT Mumbai) revolves around the validity of a Transfer Pricing order, draft assessment order, and the consequent final assessment order. The key contention is whether the […]

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