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Failure to provide explanations or comments in Board Report: MCA imposes ₹16.5 Lakh Penalty

May 24, 2024 9705 Views 0 comment Print

Reflektion Media Software (India) penalized ₹12 lakh for non-compliance with Section 134(3) of the Companies Act, 2013. Directors also fined.

CBDT notifies Cost Inflation Index for Financial Year 2024-25

May 24, 2024 56898 Views 0 comment Print

The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), issued Notification No. 44/2024-Income-Tax on May 24, 2024, detailing the Cost Inflation Index (CII) for the financial year 2024-25 i.e. Assessment Year 2025-26. This notification was made in exercise of the powers granted by clause (v) of the Explanation to section 48 of […]

GST Case Law Compendium – May 2024 Edition

May 23, 2024 15426 Views 0 comment Print

Explore significant GST case laws from May 2024 edition covering issues like limitation period, penalty imposition, adjournment proceedings, and more.

Supreme Court Upholds ICAI’s Limit of 60 Tax Audits per CA: Analysis

May 23, 2024 16308 Views 0 comment Print

Discover the Supreme Court’s ruling on ICAI’s 60 tax audits limit per Chartered Accountant, its implications, and future impact on the accounting profession.

Delayed Secretarial Audit Report Submission: MCA Imposes ₹16 Lakh Penalty

May 22, 2024 1443 Views 0 comment Print

MCA penalizes Best & Crompton Engineering Projects Ltd. Rs. 16 lakh for delayed Secretarial Audit Report submission. Read the full adjudication order details.

LinkedIn India Penalized for Companies Act Section 89 & 90 Violations

May 22, 2024 18048 Views 0 comment Print

MCA imposes penalty on LinkedIn India for violation of Sections 89 & 90 of the Companies Act. Detailed analysis of the case and penalties imposed.

ICAI Penalized CA for Involvement in Accommodation Entries, Fake Bills

May 21, 2024 2181 Views 0 comment Print

ICAI Board: Bansal’s objections addressed; sufficient evidence—call transcripts, forensic reports—establish his involvement in fake entries. Conduct deemed unbecoming of a CA, failing ethical standards.

Provisional panel of CA Firms/LLPs with C&AG for the year 2024-25

May 21, 2024 14916 Views 0 comment Print

Provisional empanelment status of CA firms along with provisional point score for year 2024-2025 will be available on CAG website www.care.cag.gov.in from 21 May 2024 to 30 May 2024.

LLP Registration in India and how it is different from company?

May 21, 2024 10026 Views 0 comment Print

Learn about LLP registration in India, its prerequisites, advantages, and how it differs from a private limited company. Discover why LLPs are a popular choice for entrepreneurs.

Changing of statement on oath to Government Authorities: ICAI Penalises CA

May 20, 2024 1152 Views 0 comment Print

Explore the case of CA R. Vinod Kumar, verdict, implications, and analysis by ICAI in 2024. Understand the disciplinary action and its impact on the profession.

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