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Non-Compliance with Related Party Disclosure Standards: MCA Imposes ₹8 lakh Penalty

July 12, 2024 831 Views 0 comment Print

MCA penalizes Sri Subhalakshmi Infra Pvt Ltd for improper related party disclosures in FY 2014-15 and 2016-17, imposing a total fine of ₹8 lakhs.

Important due Dates – TDS / TCS compliance

July 12, 2024 11310 Views 1 comment Print

Understand TDS and TCS compliance deadlines. Learn about deposit dates, return filing schedules, and issuance of certificates to avoid penalties.

CA Final & Intermediate May 2024 exam Pass percentage & Toppers

July 11, 2024 25842 Views 1 comment Print

ICAI announces May 2024 CA Final and Intermediate exam results. Check pass percentages and top rankers. Congratulations to all successful candidates!

Failure to appoint company secretary: MCA imposes ₹57.82 Lakh Penalty

July 11, 2024 12411 Views 0 comment Print

MathWorks India and Uurmi Systems fined for not appointing a whole-time company secretary under Companies Act provisions. Penalties detailed for violations.

Financial Statements Signed as ‘Directors’ Instead of MD & Whole-time Director: Penalty imposed

July 11, 2024 2484 Views 0 comment Print

MCA penalizes Dhanalakshmi Srinivasan Nidhi Ltd ₹4 lakh for unsigned financial statements under Section 134(1) of the Companies Act, 2013. Compliance lapse cited.

ITGOA Letter to CBDT Chairman on issuance of notices u/s 143(2)

July 10, 2024 8064 Views 0 comment Print

Read how Income Tax Gazetted Officers’ Association addresses last-minute case reallocations affecting timely issuance of notices. Insights into systemic challenges and proposed solutions.

ICAI can Proceed Against whole Firm if One Member cannot be held Responsible: HC

July 10, 2024 4869 Views 0 comment Print

Delhi High Court rules that ICAI can hold entire CA firms accountable for misconduct, even if individual guilt isn’t found. Full judgment on Harinderjit Singh case.

Increase in Document Upload Size for GST Registration and Amendment

July 9, 2024 4770 Views 0 comment Print

Learn about the latest GSTN update: Increased document upload sizes for Principal Place of Business and Additional Places of Business. Details and implications here.

Step-By-Step Guidelines to Report F&O Losses in ITR 3

July 9, 2024 30933 Views 1 comment Print

Learn how to report Futures & Options (F&O) losses in ITR 3 with our step-by-step guide. Understand the process, requirements, and implications for accurate income tax filing.

Failure to convey Board Meetings: MCA imposes ₹28.5 Lakh Penalty

July 9, 2024 573 Views 0 comment Print

Water and Sanitation for Urban Poor NGO penalized for non-compliance with board meeting requirements from 2011 to 2019. Detailed adjudication order inside.

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