Discover the importance of the Annual Information Statement (AIS) for accurate Income Tax Returns and how new real-time feedback functionality benefits taxpayers.
The Ministry of Finance exempts RBI from Section 206CCA of Income Tax Act, 1961 through Notification No. 46/2024 dated 27th May, 2024.
RBI exempted from Section 206AB of the Income Tax Act, 1961, via Ministry of Finance notification dated May 27, 2024. Learn more about the implications and details.
MCA penalizes Sunjin India Feeds Private Limited Rs. 14 lakh for not filing e-Form BEN-2, violating Section 90(4) of the Companies Act, 2013.
The facts of case reveal that Ambium Finserve issued debentures on a private placement basis without completing first allotment, which constitutes a violation of Section 42(5).
Reflektion Media Software (India) penalized ₹12 lakh for non-compliance with Section 134(3) of the Companies Act, 2013. Directors also fined.
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 […]
Explore significant GST case laws from May 2024 edition covering issues like limitation period, penalty imposition, adjournment proceedings, and more.
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.
MCA penalizes Best & Crompton Engineering Projects Ltd. Rs. 16 lakh for delayed Secretarial Audit Report submission. Read the full adjudication order details.
