There is no financial loss to EPF (Employee Provident Fund) members due to the delay in updating interest in the member passbook. The process of updating the member passbook with interest is essentially an entry process. The date on which the interest is entered in the passbook does not have any actual financial impact.
This article aims to provide a comprehensive overview of the Excel utility of ITR-3, its features, and how taxpayers can use it to file their returns for the Financial Year 2022-23.
Understand the nuances of Input Service Distribution (ISD) vs Cross Charge in GST. Learn about the tax implications, controversies, and recent developments. Stay informed for effective compliance.
Govt advises retailers that mobile number of the consumers should not be taken without their express consent at the time of sale of any goods or services and, providing the same should not be made a mandatory pre-condition for sale. Government of India, has addressed a growing issue of retail stores mandating consumers to provide […]
Standard Operating Procedure for the scrutiny of GST returns by the Government of India for the financial year 2019-20 onwards.
Registrar of Companies, Gujarat, Dadra & Nagar Haveli issues an ex-parte order imposing penalties on M/s. Yuva Nidhi Company Limited for violating Section 117 read with Section 179 of the Companies Act, 2013. The company and its directors failed to file e-form MGT-14 for the approval of annual accounts for multiple financial years.
MCA imposed penalties on Yuva Nidhi Company Limited for failing to file annual return, in violation of Section 92(4) of Companies Act, 2013
ITAT held that in the absence of an ascertainable amount and identifiable payee, the machinery provisions of recovering tax deducted at source falls flat
Penalty imposed by MCA on Yuva Nidhi Company Limited for non-compliance of MGT-14 filing regarding Board Report approval
Section 189 of the Companies Act, 2013 requires companies to maintain registers of contracts or arrangements in which directors are interested. Failure to comply with this section carries a penalty of Rs. 25,000 for each defaulting director.
