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GST Classification for Plastic Parts in Electric Batteries

August 8, 2024 1182 Views 0 comment Print

Explore the GST classification and tax rates for plastic components used in electric batteries. Understand the specific HS code under which these products fall.

One-Day Delay in Opening Separate Account for Share Application Money: MCA Imposes ₹31 Lakh Penalty

August 8, 2024 3834 Views 0 comment Print

The Registrar of Companies penalizes V.L. Infraprojects for violating Sections 42 and 62 of the Companies Act by failing to maintain separate share application funds.

IRDAI Directs Life Insurers to Submit Data to IIBI by 30th September 2024

August 8, 2024 1164 Views 0 comment Print

IRDAI mandates life insurers to submit data for specified categories to IIBI by 30 Sep 2024. Annual submissions to continue from FY 2024-25.

Rubber (Holding Inquiry and Appeal) Rules, 2024

August 8, 2024 423 Views 0 comment Print

Ministry of Commerce issues rules for adjudication and appeals under the Rubber Act, 1947. Includes procedures for inquiries, penalties, and appeals.

Finance (No. 2) Bill, 2024 – As Passed by Lok Sabha on 7.8.2024

August 7, 2024 9819 Views 0 comment Print

Explore the Finance Bill 2024, detailing income tax rates, surcharges, and provisions for various taxpayers, including individuals, companies, and co-operatives.

CBDT Eases TDS/TCS Rules for Death Before PAN-Aadhaar Link

August 7, 2024 1506 Views 0 comment Print

CBDT’s new circular relaxes TDS/TCS rules for deceased deductees/collectees before PAN-Aadhaar linking, eliminating tax liability for transactions until March 2024.

Delayed Filing of Form MGT-14 for Share Issue & Allotment Resolution: MCA imposes Penalty

August 6, 2024 1524 Views 0 comment Print

Penalty of ₹2.5 lakh imposed on Eravanchery Nidhi Limited for non-compliance with Sections 117(3)(g) and 179(3)(c) of the Companies Act, 2013.

FSSAI Withdraws 2022 Order on Used Cooking Oil Disposal

August 5, 2024 1449 Views 0 comment Print

FSSAI has withdrawn its 2022 order regulating the disposal of used cooking oil, impacting food safety standards and enforcement. Read more about the updated directives.

Holding period computable from allotment letter date & not sale agreement registration date

August 5, 2024 6480 Views 0 comment Print

ITAT Mumbai states holding period for capital gains should be computed from the allotment letter date, not the sale agreement registration date.

Classification of “Foil balloons and balloons made of natural rubber latex”

August 4, 2024 1836 Views 0 comment Print

CAAR Mumbai rules foil balloons are classified under CTI 9505 90 90, while latex balloons fall under CTI 9503 00 20 for customs tariff purposes.

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