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Habit of Online Gaming May Invite Income Tax Scrutiny Notice | Section 143(2) of Income Tax Act, 1961

March 22, 2024 7965 Views 0 comment Print

Learn how online gaming habits can lead to income tax scrutiny notices under Section 143(2) of the Income Tax Act, 1961. Understand the pitfalls and avoid costly mistakes.

Non-maintenance of registers & returns at Head office; MCA imposes Penalty

March 20, 2024 14268 Views 0 comment Print

Winstaar Enterprises Marketting Pvt Ltd & directors faced penalties under Companies Act for not maintaining registers. Total penalty Rs. 3 Lakhs.

MCA imposes penalty for holding directorships in violation of Section 165

March 20, 2024 21354 Views 0 comment Print

Explore the adjudication order by the Registrar of Companies, Tamil Nadu, Chennai, imposing a penalty on Mr. B. Kannan for holding directorships in violation of Section 165 of the Companies Act, 2013.

Direct Tax Collections Surge: FY 2023-24 Records Remarkable Growth

March 20, 2024 6066 Views 0 comment Print

Ministry of Finance reveals impressive growth in India’s direct tax collections for FY 2023-24, with net collections up by 19.88%, advance tax collections soaring by 22.31%, and refunds witnessing a substantial increase.

Instructions to AO’s for initiating section 147 proceedings in I.T. e-Verification cases

March 19, 2024 10434 Views 0 comment Print

Learn how to initiate proceedings under section 147 of the IT Act in e-Verification cases. Detailed instructions for Assessing Officers provided.

ICAI announces revised schedule of CA Examinations, May 2024

March 19, 2024 18102 Views 0 comment Print

Stay informed about the rescheduled Chartered Accountant Examinations for May 2024. Check out the new dates and important details. Stay updated with ICAI.org

249 days delay in KMP appointment: MCA Imposes Penalty of Rs. 19.13 Lakh

March 19, 2024 7641 Views 0 comment Print

Discover penalty imposed by MCA on Mawana Foods Pvt Ltd for a 249-day delay in appointing a Key Managerial Personnel (KMP) under Section 203 of Companies Act, 2013.

Income Tax Offices throughout India Shall Remain Open on 29th-31st March 2024

March 18, 2024 6501 Views 0 comment Print

Government order mandates Income Tax Offices open on 29th, 30th, and 31st March 2024 to facilitate pending work. Details under section 119 of the Income-tax Act, 1961.

GST on Contributions to Housing Societies

March 16, 2024 15822 Views 2 comments Print

Explore the implications of GST on contributions to housing societies. Learn about exemptions, liability on corpus funds, and taxation on common area electricity charges.

Google’s App Store Monopoly: Unfair Practices Under CCI Scrutiny

March 16, 2024 2973 Views 0 comment Print

Explore the Competition Commission of Indias detailed analysis of People Interactive India Private Limited vs. Alphabet Inc. over Googles alleged monopolistic practices in app store payment policies.

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