Companies Act

Ponzi Scheme Offenders-Action taken against by Government/MCA to check cases of deposit taking activities and protect interests of the investor

Recent Posts

  • Income Tax

Effect of reduced timeline for filing TDS Correction statements on TDS Credits

Effect on a common taxpayer of reduced timeline for filing TDS Correction statements on TDS Credits Income Tax Department has…

21 hours ago
  • Income Tax

Accounting principles and provisions of law do not permit addition of opening balance – ITAT

Accounting principles and provisions of law do not permit the addition in relation to an opening balance - ITAT In…

23 hours ago
  • Income Tax

Penalty for late supply of goods allowable deduction u/s 37 being not a crime or prohibited activity

Penalty levied for late supply of goods is an allowable deduction u/s 37 as late supply neither a crime nor…

3 days ago
  • Income Tax

Interest received from Cooperative banks allowable deduction u/s 80P to a Cooperative Society

Deduction u/s 80P(2)(d) towards interest received from cooperative banks is allowable to a cooperative society. In a recent judgment, Hon'ble…

3 days ago
  • Income Tax

SC to decide distinction in employees & employer contribution to PF, ESI for allowability u/s 43B

Supreme Court to decide difference between employees & employer contribution to PF, ESI for allowability under Section 43B of the…

3 days ago
  • Income Tax

No liability to collect TCS u/s 206C (1C) from person involved in illegal mining – SC

There is no legislative mandate to collect tax at source under section 206C (1C) from the person involved in illegal…

3 days ago