ROC imposed penalties for failure to file MGT-14 related to board resolutions approving financial statements. The ruling highlights strict compliance requirements under Section 117(2) of the Companies Act.
The notification requires payers to generate UINs and file quarterly details of declarations even where no tax is deducted. It enhances transparency and ensures better monitoring of tax exemptions.
The ROC held that failure to maintain a functional registered office violates Section 12 of the Companies Act. Returned notices proved non-compliance, leading to penalties on the company and directors.
The issue concerns changing consumer behaviour in food discovery. The article explains that AI-generated videos help restaurants create engaging content and attract customers effectively.
The issue involved the ₹10 lakh per-consignment cap on courier exports. The notification removes this restriction, allowing exporters to send goods of any value through courier mode from April 1, 2026.
The issue concerns failure to deduct TDS by the payer. Relief is granted when the deductee has already paid tax on such income. The key takeaway is that tax payment by deductee protects the deductor from default status.
The form ensures taxability of payments to non-residents is properly determined. Filing is required before remittance. The takeaway is pre-condition for lawful foreign payments.
Exchanges must deposit complete tax before filing the statement. Partial payment renders filing invalid. The takeaway is complete tax compliance is a prerequisite.
The issue concerns non-filing of Form 137 by government offices. The law mandates timely filing to avoid penalties. The key takeaway is strict compliance with reporting obligations.
The issue concerns issuance of TCS certificates by collectors. The law mandates issuing Form 133 after tax collection. The key takeaway is compulsory compliance for valid tax credit.
