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Penalty for not maintaining Average Monthly Minimum Balance

July 29, 2024 8874 Views 0 comment Print

Details on penalties for not maintaining AMB in savings accounts, criteria for calculation, and government’s stance on rationalizing these charges.

IBBI Circular: New E-Forms for Voluntary Liquidation Process

July 28, 2024 2937 Views 0 comment Print

IBBI introduces new electronic forms for voluntary liquidation under IBC. Streamline compliance with updated reporting requirements effective July 2024.

IBBI Circular: New Electronic Forms for Liquidation Processes

July 28, 2024 2169 Views 0 comment Print

IBBI introduces electronic forms for monitoring liquidation under IBC. New procedures for efficient reporting and compliance effective from July 2024.

Classification of Bottom and Top Enclosures for C6X Wi-Fi Receiver and Back and Middle Enclosures for A6 Wi-Fi Transmitter

July 28, 2024 996 Views 0 comment Print

Detailed analysis of the CAAR Mumbai ruling on the classification of parts for Sanmina-SCI India’s Wi-Fi receivers and transmitters. Understand the customs implications.

Exposure Draft: Standard on Auditing for Less Complex Entities (SA for LCE)

July 28, 2024 1419 Views 0 comment Print

ICAIs Auditing and Assurance Standards Board releases an Exposure Draft for audits of less complex entities. Comments invited until September 9, 2024.

Allahabad HC Orders Training for State Authorities, Police on UP Gangsters Act Procedure

July 28, 2024 1071 Views 0 comment Print

Allahabad HC directs Uttar Pradesh authorities to undergo training on the UP Gangsters Act, addressing procedural violations and safeguarding against misuse.

Gross and Net GST revenue collections for the month of June, 2024

July 28, 2024 1347 Views 0 comment Print

View the detailed report on gross and net GST revenue collections for June 2024. Learn about the growth percentages and year-to-date comparisons.

Urgent Request for Amendment to Section 43(B)(h) for MSMEs

July 27, 2024 11637 Views 0 comment Print

Punjab Accountants Association urges Finance Minister to amend Section 43(B)(h) for MSMEs, proposing better payment timelines and uniform taxpayer regulations.

Amendment to Section 55: Clarifying Cost of Acquisition for Equity Shares

July 27, 2024 19134 Views 1 comment Print

Finance Bill 2024 proposes an amendment to Section 55 of the Income Tax Act to clarify the computation of cost of acquisition for unlisted equity shares sold under an IPO.

Union Budget 2024-25: Key Proposals under Goods and Services Tax Law

July 27, 2024 5208 Views 1 comment Print

Explore the Union Budget 2024-25’s key GST proposals, including ITC amendments, changes in appeal processes, and more. Discover how these reforms impact businesses.

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