MCA imposes penalty under section 378ZA(10) of section 378ZA(10) of Companies Act, 2013 as company failed to file proceedings of the annual general meeting, along with report of Board of Directors, audited balance sheet, and profit and loss statements.
The Registrar of Companies, Hyderabad recently imposed a penalty of INR 2,00,00,000/- (Two Crore only) on a company and its officer in default. Additionally, the company has been directed to refund all the money accepted in violation of section 42 of the Act, along with interest. The penalty was imposed because the company failed to […]
Revised e-Filing Helpdesk number for General Queries related to Income Tax, Rectification, Refund, Intimation and other Income Tax Processing Related Queries, e-Filing of Income Tax Return or Forms and other value added services provided through e-Filing Portal, Form 16, Tax Credit (Form 26AS) and other queries related to TDS statement, Form 15CA processing and Queries […]
Unlock the intricacies of Income Tax Section 194A: TDS on interest payments beyond specified thresholds, excluding interest on securities. Learn about the applicability, rates, and compliance under this section. Dive into detailed insights on interest from fixed deposits, bonds, unsecured loans, loans and advances, and payments to Non-Banking Financial Companies (NBFCs). Understand the obligations of the payer, including TDS deduction, deposit, issuing certificates, and reporting in income tax returns. Stay tax-compliant with this comprehensive guide.
Financial Action Task Force (FATF) is an inter-governmental body, responsible for setting global standards on anti-money laundering (AML) and combating the financing of terrorism (CFT). India became Observer at FATF in the year 2006. Since then, India has been working towards full-fledged Membership of FATF.
In this article, let us focus on specific issues involved in Capital Gain tax exemption on the sale of inherited property. An attempt has been made to simplify the relevant provisions & legal decisions with the help of Illustrations.
The Registrar of Companies (ROC) in Delhi has recently imposed penalties on a company, including its Independent Directors (ID) and Non-Executive Directors (NED), for violations related to the Corporate Social Responsibility (CSR) provisions under Section 135(5) of the Companies Act, 2013. The case involves the company’s failure to spend the required amount on CSR activities […]
MCA imposes penalty on Adani Power Limited for not entering the details of Related Party Transactions in the register of contract in form No MBP-4 The Registrar of Companies, Gujarat, Dadra & Nagar Haveli, has recently imposed penalties on Mr. Gautam Adani (Chairman and Director), Mr. Vneet Jain (Wholetime Director), and Mr. Rajesh Shatilal Adani […]
File GSTR-10 Final Return by 30/06/2023 to benefit from the GST Amnesty Scheme. Enjoy a waiver of late fees and reinstate compliance status. Learn the key features and importance of timely filing. Act now for a clean slate and avoid legal consequences.
Unlock the secrets of Income Tax deductions! Explore commonly utilized deductions like Section 80C, 80D, and more. Understand eligibility criteria and maximize your rebates for efficient tax planning. Get insights into old and new tax regimes to make informed choices. Consult a tax professional or use reliable tax-filing software for accurate and efficient filing.
