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Delay in filing E-Form BEN-2; Section 90(4) violated: MCA levied ₹8.33 Lakh Penalty

July 26, 2024 930 Views 0 comment Print

In a recent adjudication, the Ministry of Corporate Affairs (MCA) levied a penalty of ₹8.33 lakh on Cuckoo Appliances Private Limited for failing to file E-Form BEN-2 within the stipulated time frame. This delay constituted a violation of Section 90(4) of the Companies Act, 2013, which mandates the declaration of beneficial ownership. Background of the […]

Non-Filing of DIR-3 KYC- Violation of Rule 12A – MCA levied ₹1 Lakh Penalty

July 26, 2024 1320 Views 0 comment Print

Dethat Trading Pvt Ltd penalized for not filing DIR-3 KYC as per Companies Act, 2013. Read about the penalties imposed and the compliance requirements.

CA Foundation Exam June 2024 Result on 29th July 2024

July 26, 2024 1731 Views 0 comment Print

Check your CA Foundation Exam results on 7th Feb 2024 at icai.nic.in. Use your registration number and roll number for result access.

Car Lease as Perquisite: GST Implications – Tvl.Faiveley Case

July 26, 2024 3156 Views 1 comment Print

Explore the GST implications of car lease facilities provided to employees as perquisites, analyzed through the Tvl.Faiveley Transport case by GST AAAR Tamil Nadu.

Rates of income-tax for assessment year 2024-25 & 2025-26

July 26, 2024 78651 Views 0 comment Print

For AY 2024-25, income tax rates remain unchanged across various categories, including individuals, companies, and co-operative societies. Surcharge and cess details included.

Budget 2024: Customs Duty Amendments – Key Changes and Rates

July 26, 2024 8865 Views 1 comment Print

Discover key amendments in Customs duties and tariff rates effective July 2024, including changes in Basic Customs Duty, Health Cess, and new tariff adjustments.

Budget 2024: Amendments to Excise Duty & Clean Environment Cess

July 26, 2024 1389 Views 0 comment Print

Key changes in excise duty and Clean Environment Cess under Finance (No. 2) Bill, 2024, including extended deadlines and exemptions.

Key GST Amendments in Finance Bill 2024

July 26, 2024 5511 Views 1 comment Print

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.

Budget 2024: CIT(A) can Refer Section 144 Best Judgment Assessments Back to AO

July 26, 2024 13017 Views 0 comment Print

Starting October 1, 2024, Commissioners (Appeals) will gain new powers to set aside and refer best judgment assessments back to Assessing Officers.

Adjudication Order on Insider Trading in Shalimar Paints Limited

July 25, 2024 1140 Views 0 comment Print

SEBI adjudicates insider trading case against Shalimar Paints Limited for failing to identify and manage UPSI during fund-raising activities. Read the full findings.

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