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ICMAI Advisory: Unit of Measure & Cost Audit Report Submission

May 10, 2024 846 Views 0 comment Print

ICMAI issues advisory for members regarding Annexures in Cost Audit Reports & timely submission. Ensure compliance for statutory requirements.

RBI Issues New Margin Directions for Derivative Contracts

May 8, 2024 1056 Views 0 comment Print

Read about the latest RBI circular on margin for derivative contracts, its implications, and applicability to AD Cat-I banks and AD Cat-III SPDs.

ECI directs Ethical Social Media Use by Political Parties

May 6, 2024 369 Views 0 comment Print

The Election Commission directs political parties to use social media ethically, warning against misuse of AI-based tools. Read more about the legal framework and directives.

Which Tata Steals the Show? Punch vs Tiago Face-off Revealed!

May 6, 2024 918 Views 0 comment Print

Discover the ultimate showdown between Tata Punch and Tiago! From pricing to safety features, find out which model steals the show in this detailed comparison.

CESTAT Delhi Flags Judicial Indiscipline by lower authorities, Refers Case to CBIC

May 4, 2024 459 Views 0 comment Print

Explore the implications of the recent CESTAT Delhi ruling in South Eastern Coalfields Ltd. vs Commissioner of Central Excise case, shedding light on Service Tax refund issues and judicial discipline.

Export Policy for Onions Shifts from ‘Prohibited’ to ‘Free’ with USD 550/MT MEP

May 4, 2024 948 Views 0 comment Print

Government of India, Ministry of Commerce & Industry, Department of Commerce, DGFT, amends onion export policy to ‘free’ with a Minimum Export Price (MEP) of USD 550 per MT.

Guidelines for Compulsory Income Tax Scrutiny for FY 2024-25

May 3, 2024 31023 Views 0 comment Print

Understand the guidelines set by the Indian Ministry of Finance for the compulsory selection of returns for complete scrutiny during FY 2024-25, covering various parameters and procedures.

Non-disclosure of Interest by Directors in First Board Meeting: MCA imposes Penalty

May 3, 2024 1155 Views 0 comment Print

MCA imposes penalty under Section 454 for violation of Section 184(1) of the Companies Act, 2013, due to directors’ non-disclosure of interest in first board meeting.

RBI Draft Guidelines on Prudential Framework for Income Recognition, Asset Classification

May 3, 2024 1845 Views 0 comment Print

RBI releases draft guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances – Projects Under Implementation’

IBBI Suspends IP for Negligence in Asset Custody, Legal Pursuits & CD Interests Protection

May 2, 2024 519 Views 0 comment Print

IBBI suspends IP for failure to take custody of assets, negligence in pursuing legal actions, and delays in protecting the interests of the Corporate Debtor (CD).

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