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Overstatement of profits: NFRA imposes Rs. 5 Lakh Penalty on Auditors of Vikas WSP Limited

April 23, 2024 12834 Views 0 comment Print

Dive into the NFRA order against M/s S. Prakash Aggarwal & Co., revealing professional misconduct in auditing Vikas WSP Limited for FY 2019-20. Analysis, penalties, and implications discussed.

FAQ On Reporting of Share Market Transaction in Income Tax Return

April 23, 2024 24153 Views 1 comment Print

In the past few years, Share market has given tremendous return to its investors and traders if they have invested their hard earned money with some logics. Many of them have earned profits, on the other side there are also peoples who have incurred losses due to Future & Options trading, Intraday Trading, investment in […]

WhatsApp Image Cannot Be the Sole Basis for Additions: ITAT Surat

April 22, 2024 5430 Views 0 comment Print

Discover the significance of Surat ITAT’s ruling on digital evidence in tax cases. Learn how the case of Shanker Nebhumal Uttamchandani v. ACIT sheds light on the use of WhatsApp images in assessments.

Who is our “Sankatmochan” during Financial “Sankat” ?

April 22, 2024 4893 Views 0 comment Print

Discover modern-day “Sankatmochans” to navigate financial troubles, from insurance policies to property investments. Avoid common pitfalls for a secure financial future.

An Overview of ITR 4 – Presumptive Taxation Scheme

April 22, 2024 16101 Views 2 comments Print

Learn how to file ITR-4 for FY 2023-24 (AY 2024-25) under the presumptive taxation scheme. Detailed analysis, eligibility, procedure, and tax implications explained.

Non-Filing of E-Form BEN-2: MCA imposes ₹7 Lakh Penalty

April 20, 2024 573 Views 0 comment Print

Discover the penalty imposed by MCA on Blueton Paper for not filing E-Form BEN-2. Learn about the violation, penalty, and legal recourse in this detailed analysis.

GST Implications on Hotels & Restaurant Industry

April 19, 2024 263277 Views 12 comments Print

Explore the implications of GST on hotels & restaurants in India. Detailed analysis of rate changes, billing procedures, and industry stabilization.

All about Income Tax Returns for individuals FY 2023-24 AY 2024-25

April 18, 2024 27993 Views 1 comment Print

Understand the significance of filing Income Tax Returns (ITR), explore various forms, eligibility criteria, and tax planning strategies for efficient financial management.

Failure to consider evidence | Order Set Aside, Petitioner Granted Opportunity

April 18, 2024 1731 Views 0 comment Print

AP Studio Enterprises challenges an order dated 29.12.2023 in this writ petition, highlighting discrepancies and failure to consider evidence. Get detailed insights here.

Malabar Parota: Akin to Flat Breads – 5% GST applicable not 18%: Kerala HC

April 17, 2024 5169 Views 0 comment Print

Kerala High Court’s ruling on Malabar Parota as bread for GST classification. Detailed analysis of Modern Food Enterprises Pvt. Ltd. Vs Union of India case.

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