Discover practical strategies to reduce expenses while maintaining quality and momen-tum. From AI tools to cash flow planning, these cost-cutting tips help protect margins in a tight economy.
GSTN has launched an online facility allowing eligible taxpayers to opt out of Rule 14A registration. Filing of pending returns and Aadhaar authentication are mandatory pre-conditions.
This article explains what qualifies as agricultural income under Section 2(1A), why it is exempt under Section 10(1), and how partial integration affects taxpayers with mixed income. It clarifies judicial interpretations and practical examples to prevent misuse and ensure correct tax treatment.
The ROC Chhattisgarh held that repeated return of official letters marked Not Known proved non-compliance with Section 12(1) of the Companies Act. The company and its directors were penalised under Section 12(8) for failing to maintain a functional registered office.
The RBI has issued draft Directions requiring AD Category-I banks to report offshore INR foreign exchange derivative contracts undertaken by related parties. The move aims to plug transparency gaps in the OTC derivative market and improve pricing efficiency.
The Ministry of Finance has amended Notification 77/2023 to revise drawback figures for specific tariff items under Chapter 71. The updated rates increase the amounts in column (4), impacting exporters dealing with the specified goods.
The ROC imposed penalties for incorrect disclosures in Form MGT-7A, including errors in board meeting records and shareholding details. The order confirms that defective annual return filings attract liability under Section 450, even when filed voluntarily for adjudication.
CGST Delhi South arrested a director for allegedly availing ₹6.53 crore in fraudulent ITC based on bogus invoices worth ₹36.28 crore. Authorities found that the credit was claimed without actual receipt of goods and used to discharge GST liability, leading to arrest under Section 69 of the CGST Act
With insolvency cases taking up to 853 days against the 330-day mandate, concerns over NCLT backlog have intensified. A new bench at Patna is proposed to reduce pendency and improve time-bound corporate resolution.
IFSCA has approved a new pension fund framework allowing voluntary retirement schemes in IFSC. The draft regulations aim to create a secure, transparent, and globally competitive retirement savings ecosystem.
