• ICAI

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

10 months 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

10 months 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

10 months 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

10 months 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

10 months 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

10 months 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

10 months 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

10 months 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

10 months 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 

10 months ago

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