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FCRA Associations permitted to file second application for intimating change of committee members Permission given to FCRA Associations to file another application in Form FC-6E for intimating change of committee members even if their one application is already pending on FCRA portal. The Ministry of Home Affairs has …
CBDT extends due date for filing returns for AY 2024-25 from 31.10.2024 to 15.11.2024 F. No. 225/205/2024/ITA-IIGovernment of IndiaMinistry ·of FinanceDepartment of RevenueCentral Board of Direct Taxes***** Circular No.13 /2024 New Delhi, dated 26th October, 2024 Subject: – Extension of due date for furnishing return of income for …
No service tax was payable on income from bowling alley as it is covered under section 66D(j) of the Finance Act under negative list – SC In a recent judgment, the Hon’ble Supreme Court has affirmed that income received from bowling alley earmarked separately was covered as amusement …
Section 5A of Income Tax Act is applicable only to division of income between spouses governed by Portuguese Civil Code. Section 5A does not deal with the division of assets. In a recent judgment, Bombay High Court has held that Section 5A of Income Tax Act 1961 is …
CGFMU Scheme amended to include “Tarun Plus” covering loans above 10 lakh upto 20 lakh In April 2016, Government launched a Scheme called the Credit Guarantee Fund for Micro Units (CGFMU). Under the scheme, subject to the other provisions the Fund undertook, in relation to loans extended to …
In case of difference in dates of birth between Aadhar Card and School Leaving Certificate, later is to be taken as proof of age – SC In a recent order involving claim under a motor accident case, Hon’ble Supreme Court has held that in case of conflict of …
Mere disclaimer of opinion not enough-NFRA holds CA guilty of professional misconduct In a recent order, NFRA has held that though the chartered accountant issued a disclaimer of opinion both on Financial Statements and on the Internal Financial Controls, he was guilty of professional misconduct on account of …
Orders passed u/s 73 of CGST Act 2017 quashed as notice uploaded on ‘Additional Notices and Orders’ Tab of GST Portal In a recent judgment, Hon’ble Allahabad High Court has quashed the orders passed u/s 73 of CGST Act 2017 as the notices were uploaded on ‘Additional Notices …
Filing of Annual RODTEP Return (ARR) by exporters claiming RODTEP benefits by 31st March of the next financial year Government of India Ministry of Commerce & IndustryDepartment of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Public Notice No. 27 /2024-25 New Delhi, Dated: 23rd October, …
CIRP can be initiated even if name of financial creditor not specifically mentioned in balance sheet, an entry in the balance sheet coupled with the note of the accounts to acknowledgement of the liability – SC In a recent judgment, Hon’ble Supreme Court has held that for initiation …
