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Notifications/Circulars

Income Tax Notification on Non-Resident Investment in Financial Products

January 4, 2024 1914 Views 0 comment Print

Explore the latest Income Tax Act amendment (Notification No. 04/2024) allowing non-residents to invest in financial products through International Financial Services Centres. Analysis of key provisions and impact on offshore banking. Learn about capital market intermediaries, financial products, and the International Financial Services Centre Act. Stay informed on tax implications and opportunities for non-resident investors.

DGFT Allocates 8606 MTRV Raw Cane Sugar to USA under TRQ Scheme 2024

January 3, 2024 828 Views 0 comment Print

Public Notice No. 36/2023- DGFT announces allocation of 8606 MTRV raw cane sugar to USA under TRQ scheme for the US fiscal year 2024. Details on conditions, certification, and implementation.

Amendment in Import Policy for Screws under HS Code 7318

January 3, 2024 13671 Views 0 comment Print

Explore the latest amendment in the Import Policy for screws under HS Code 7318 by the Government of India’s Ministry of Commerce & Industry. Notification No. 55/2023-DGFT dated 3rd January, 2024.

Venus Universal Ltd Penalized for Companies Act Section 92 Violation

January 3, 2024 1029 Views 0 comment Print

Explore the adjudication order under Section 454 against Venus Universal Ltd for non-compliance with Section 92 of the Companies Act, 2013. Details, penalties, and consequences revealed.

Penalty Imposed on Typhoon Holdings Ltd for Late Financial Statement Filing

January 3, 2024 591 Views 0 comment Print

Explore the penalty order against Typhoon Holdings Limited for violating Section 137 of the Companies Act, 2013. Detailed analysis, findings, and consequences.

Maharashtra Govt notified provisions relating to GST on ‘Online Gaming’

January 3, 2024 1170 Views 0 comment Print

Explore the implications of Maharashtra Goods and Services Tax (Second Amendment) Act, 2023. Understand the amendments, impact on online gaming, and transitory provisions.

Typhoon Holdings Ltd Penalized for late-filing of annual return

January 3, 2024 492 Views 0 comment Print

Learn about the adjudication order passed against Typhoon Holdings Ltd for non-compliance of Section 92 of the Companies Act, 2013. Detailed analysis provided.

MCA Imposes Penalty on Company & Directors for Violating Section 135(5) of Companies Act, 2013

January 3, 2024 2742 Views 0 comment Print

Read about the penalty imposed on AECOM India Pvt Ltd and its directors by the Ministry of Corporate Affairs for violating section 135(5) of the Companies Act, 2013

NFRA Penalizes CA Rs 50 Lakhs for Misconduct in Section 80JJA Report

January 3, 2024 54363 Views 0 comment Print

NFRA issues order penalizing CA Pawan Jain and Mis Kumar Jain & Associates for lapses in issuing reports under Income Tax Act for Quess Corp Ltd.

Draft Rules on Gas Meters for comments from stakeholders

January 3, 2024 804 Views 0 comment Print

Draft Rules on Gas Meters have been released for public feedback. Access the document on our Department’s website www.consumeraffairs.nic.in. Your valuable comments are invited until 12.01.2024. Kindly submit your insights to dirwm-ca@nic.in or ashutosh.agarwal13@nic.in.

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