• ICAI

ICAI (Merger & Demerger of CA firms) Guidelines 2024 notified w.e.f. 31.01.2025

1 year ago

ICAI (Merger & Demerger of CA firms) Guidelines 2024 has been notified by the ICAI w.e.f. 31.01.2025 The guidelines provides…

  • Income Tax

Proceedings u/s 148A must be completed within time limit for issuing notice u/s 148

1 year ago

Proceedings under Section 148A of the Income Tax Act, 1961 necessarily required to be completed within the period available for…

  • SEBI

SEBI prescribes system audit of Stock Brokers, criteria for empanelment of auditors

1 year ago

SEBI mandates System Audit of Stock Brokers. Prescribes eligibility criteria for empanelment of auditors SEBI vide Master Circular No. SEBI/HO/MRD2/PoD-2/CIR/P/2023/171…

  • Income Tax

Penalty u/s 270A(9) deleted when assessee filed return u/s 148 and paid due taxes

1 year ago

Penalty u/s 270A(9) deleted by ITAT as assessee pursuant to notice u/s 148 filed return and had paid due taxes…

  • GST

Late fee leviable for delay in furnishing of both Form GSTR-9 and Form GSTR-9C – CBIC

1 year ago

Late fee u/s 47(2) of the CGST Act 2017 is leviable for the delay in furnishing of both Form GSTR-9…

  • Income Tax

Net Profit rate of about 40% not possible in contract work for government – ITAT

1 year ago

Net Profit rate of about 40% not possible in contract work especially when assessee does contract work for government department…

  • Excise/Custom

Relaxation of Additional qualifiers for import/export of Lab Grown Diamonds

1 year ago

For export of Lab Grown Diamonds (HPHT/CVD) weighing less than one carat, declaration of additional qualifiers will only be voluntary…

  • FCRA

Transaction in FCRA accounts/utilisation accounts without FCRA certificate is illegal

1 year ago

Any transaction in FCRA accounts/FCRA utilisation accounts of the NGO, Association whose FCRA certificate has been cancelled or ceased or…

  • SEBI

SEBI prescribes format of Due Diligence Certificate to be given by Debenture Trustees

1 year ago

SEBI prescribes format of Due Diligence Certificate to be given by the Debenture Trustees (DTs) SEBI vide notification dated July…

  • GST

Payment of GST on co-insurance premium apportioned by lead insurer to co-insurer 

1 year ago

No GST on co-insurance premium apportioned by the lead insurer  to  the  co-insurer  and  on  ceding  /re-insurance  commission  deducted  from …