MCA imposed penalties n Gujarat Chinese Enterprises for failing to file e-form INC-20A within due date. A comprehensive breakdown of legal procedures, penalties, and its implications
Regular books of accounts maintained by assessee in tally software, now being referred by Revenue, to justify impugned addition did not constitute incriminating material unearthed during search.
Option for opening and closing of Public Provident Fund (PPF) account is available under the ‘General Services’ tab of DOP Internet Banking.
Geo Connect Ltd Vs DCIT (ITAT Delhi) The factual matrix reveal that the assessee is in real estate business and for that purpose it purchased an agricultural land from one Sh. Ugma, an old man of 75 years. Towards sale consideration of the said land, the assessee issued bearer cheques for an amount of Rs. […]
No addition was called for more so, when no evidence about the expenses being bogus in nature has been brought on record by the Revenue.
No disallowance forzdelay in payment of employees’ contribution for provident fund, based on mere Tax Audit Report
Vide Companies (Acceptance of Deposits) Amendment Rules, 2022 MCA provides for complete reconciliation of each item in DPT-3 to be provided as opening, addition, repayment, adjustment and closing balance as well as Aging and it further notified revised Form DPT-3 and Form DPT-4. Analysis by Corporate Laws & Corporate Governance Committee of ICAI Amendment in […]
The growing size of the corporate bond market and the number of issuances every year are important indicators of the success of the development efforts of the Government and regulators.
MCA vide Companies (Registration of Charges) Second Amendment Rules, 2022 notifies rule 13 for Signing of charge e-forms by insolvency resolution professional or resolution professional or liquidator for companies under resolution or liquidation. It further notifies revised Form No. CHG-1, Form No. CHG-4, Form No. CHG-6, Form No. CHG-8 and Form No. CHG-9. The Form No.CHG-1, […]
South Asia is most vulnerable to food inflation, given the large segment of our populations battling poverty. Moreover, this is a region in which it is rising food prices that can trigger second round effects leading to the generalisation of inflation and its persistence.
