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Contribution by Issuers to Core SGF of AMC Repo Clearing Limited

March 27, 2025 1128 Views 0 comment Print

BSE issues notice on issuer contributions to Core SGF of AMC Repo Clearing Ltd. Check eligibility, collateral rules, and compliance details.

EPFO approves Productivity Linked Bonus for Financial Year 2023-24

March 27, 2025 1419 Views 0 comment Print

EPFO announces a 60-day Productivity Linked Bonus for eligible employees for FY 2023-24, with a maximum payout of ₹13,816, effective March 27, 2025.

ICAI Updates Jurisdiction of Ratlam and Pali Branches

March 27, 2025 699 Views 0 comment Print

ICAI modifies the jurisdiction of its Ratlam and Pali branches under CIRC, adding new areas to Ratlam and detaching Sumerpur from Pali, effective January 8, 2025.

Loose Papers Entries Unsupported: Tribunal Justified in Deleting Revenue’s Additions

March 27, 2025 1119 Views 0 comment Print

Bombay High Court dismisses revenue’s appeal in PCIT Vs Umesh Ishrani case, citing lack of corroboration for loose paper evidence in cash payment additions.

BIGTEC Private Limited Penalized Rs. 1 Crore for CSR Non-Compliance

March 26, 2025 777 Views 0 comment Print

BIGTEC Private Limited and its directors received penalties for failing to meet their Corporate Social Responsibility (CSR) obligations for financial year 2023-24. Company acknowledged its non-compliance and paid fine as directed by MCA.

CAIT Seeks Action on Misleading Opinion Trading Platforms

March 26, 2025 660 Views 0 comment Print

CAIT raises concerns about deceptive opinion trading platforms, urging action to prevent user harm and ensure compliance with IT Rules, 2021.

Provisional List of Audit Firms Yet to File NFRA-2 for Reporting Period 2022-23

March 26, 2025 693 Views 0 comment Print

List of audit firms yet to file NFRA-2 for 2022-23. Filing deadline was 30.11.2023; penalties apply for non-compliance. Late submissions are still accepted.

Challenges and Solutions for Junior Income Tax Assessment Officers

March 26, 2025 1323 Views 0 comment Print

JAOs face workload imbalances, limited manpower, and systemic issues post-Faceless Assessment Scheme. Suggestions for better resource allocation and system redesign outlined.

Access By IT Officials To Personal Email, Social Media and Bank Accounts

March 26, 2025 8325 Views 0 comment Print

IT officials can access digital records during searches under IT Act, 1961, but personal emails and social media access is not allowed. Learn about legal provisions.

Import Duty and GST on Lifesaving Medical Devices

March 26, 2025 1920 Views 0 comment Print

Details on import duties, GST rates, and tax incentives for lifesaving medical devices in India. Learn about GST Council’s role and concessions offered by the government.

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