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Government Actions on Non-Functional & Shell Companies

March 26, 2025 1077 Views 0 comment Print

In 2024, 16,798 companies were struck off under Section 248(2). No definition for shell companies exists under Companies Act, 2013. Compliance monitoring continues.

Company Registrations via Central Registration Centre

March 26, 2025 2142 Views 0 comment Print

The Central Registration Centre processed 98,098 e-forms in 2025. Meerut saw 3,340 company registrations since 2016. Learn more about CRC and CPC.

Access By IT Officials To Personal Email, Social Media and Bank Accounts

March 26, 2025 8229 Views 0 comment Print

IT officials can access digital records during searches under IT Act, 1961, but personal emails and social media access is not allowed. Learn about legal provisions.

Import Duty and GST on Lifesaving Medical Devices

March 26, 2025 1833 Views 0 comment Print

Details on import duties, GST rates, and tax incentives for lifesaving medical devices in India. Learn about GST Council’s role and concessions offered by the government.

Action Against Untraceable Tax Defaulters in India

March 26, 2025 1713 Views 0 comment Print

Over ₹6.34 lakh crore in unpaid taxes linked to untraceable defaulters. Govt takes measures like asset tracking and account freezing to recover dues.

Increase In Limit For Tax Appeals By Department of Revenue

March 26, 2025 5340 Views 0 comment Print

Revenue Department raises appeal limits for ITAT, High Court, and Supreme Court, benefiting over 10,000 cases in tax and customs, reducing litigation burden.

MCA21 Portal Implementation Challenges & Improvements: Key Updates

March 26, 2025 1962 Views 0 comment Print

MCA21 portal sees 84 lakh filings in 2024-25; SMEs report technical issues. Govt enhances server capacity, grievance redressal, and user support.

Allegations of Financial Misconduct and Bribery against Corporate Entities

March 26, 2025 1026 Views 0 comment Print

 Government’s approach to addressing corporate misconduct, strengthening investor protection, and promoting financial literacy through various initiatives.

Government Promotes Voluntary Tax Compliance Measures

March 26, 2025 768 Views 0 comment Print

The updated return facility encourages voluntary tax compliance, allowing taxpayers to correct income omissions. Proposal to extend filing limit to 4 years underway.

DGGI Cracks Down on Offshore Gaming Tax Evasion

March 26, 2025 1053 Views 0 comment Print

DGGI blocks 357 illegal gaming websites, freezes Rs. 126 crore across 2,400 accounts, and cautions public against offshore online money gaming platforms.

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