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Section 10(46) Income Tax Exemption for Tamil Nadu Water Supply and Drainage Board
In a significant development, the Central Board of Direct Taxes (CBDT) has issued Notification No. 43/2024, dated May 22, 2024, under Section 10(46) of the Income-tax Act, 1961. This notification gran...
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SCN Reply - Response to the notice received for payment of tax on GTA services under Reverse Charge Mechanism
The Jurisdictional Officer, ______ Division, ______ CommissionerateSubject: Response to the notice received for payment of tax on GTA services under Reverse Charge Mechanism (RCM)Dear Sir/Madam,We are...
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SCN Reply - Response to the notice received for disallowance of ITC u/s 16(4).
Response to the notice received for disallowance of ITC u/s 16(4) The Jurisdictional Officer, ______ Division, ______ CommissionerateSub: Response to the notice received for disallowance of ITC u/s 16...
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SCN Reply - Appeal for Release of Temporarily Seized Bank Account under Form GST DRC-22.
Appeal for Release of Temporarily Seized Bank Account under Form GST DRC-22 Date: [Date]To, The Officer [Officer's Name] [Officer's Designation] [Department Name] [Address] [City, State, ZIP Code] Sub...
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Taxation of Real Estate Transactions Under GST: A Comprehensive Overview.
Taxation of Real Estate Transactions Under GST: A Comprehensive OverviewThe real estate sector, with its complex interplay of various services, stages, and property types, presents unique challenges u...
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SEBI Consultation Paper on Easing Business under MB, BTI & Buyback Regulations
The Securities and Exchange Board of India (SEBI) has initiated a consultation process to gather public and stakeholder feedback on the recommendations proposed by an Expert Committee. This committee,...
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SC to Review if Supplying Crane for Services Constitutes Transfer of ‘Right to Use’
Supreme Court to examine whether supplying crane for loading, unloading, lifting and shifting services is transfer of “right to use” The Revenue Department challenged the decision of Rajasthan High Co...
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SCN Reply - Request for Waiver of Late Fees on CMP-08 Filing for F.Y. 2019-2020
Subject: Request for Waiver of Late Fees on CMP-08 Filing for F.Y. 2019-2020Dear Sir/Madam,I am writing to address the notices I have received regarding the imposition of late fees in Form ASMT-10 for...
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SCN Reply - Request for Reconsideration of Penalty Under Section 125
Subject: Request for Reconsideration of Penalty Under Section 125 for Non-Filing of Annual Return for F.Y. 2020-21Dear Sir/Madam,I am writing in response to the notice issued by your esteemed office r...
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Key Decisions by ICSI in May 2024 Council Meeting
The Institute of Company Secretaries of India (ICSI), a statutory body under the jurisdiction of the Ministry of Corporate Affairs, held its 309th Council meeting on the 5th and 6th of May, 2024. This...
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ICAI Launches Self-Paced Module Test Portal: Register Now!
The Institute of Chartered Accountants of India (ICAI) continues to revolutionize its examination system with the introduction of the Self-Paced Module Test (SPMT) Portal. This initiative, set up by a...
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Time Table of CA Final/IPC/Foundation/Intermediate September 2024 Exams
ICAI declares Schedule of examination to be held in September 2024 Exams for next Chartered Accountants Foundation Course, Intermediate and Final Examinations, Examinations in Post Qualification Cours...
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CAS-2 (Revised 2024) Cost Accounting Standard on Capacity Determination
The Institute of Cost Accountants of India has issued a revised version of the Cost Accounting Standard – 2 (CAS-2) on Capacity Determination, effective from April 1, 2024. This update supersedes the...
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12 Unicorns, over 125 startups commit to onboarding ONDC
Introduction: The Department for Promotion of Industry and Internal Trade (DPIIT) recently organized the ‘ONDC Startup Mahotsav’, a groundbreaking event aimed at fostering collaboration between startu...
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Frequently Asked Questions on KYC Norms for Securities Market
The Securities and Exchange Board of India (SEBI) has provided a comprehensive guide to Know Your Client (KYC) norms through a set of frequently asked questions (FAQs). These FAQs aim to assist market...
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Alert against incidents of ‘Blackmail’ and ‘Digital Arrest’ by Cyber Criminals
In recent times, there has been a surge in fraudulent activities perpetrated by cyber criminals who masquerade as representatives of various law enforcement agencies such as the State/UT Police, Narco...
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ICAI BoS Publications: September 2024 Foundation & Intermediate Course Exam
The Institute of Chartered Accountants of India has released the applicable publications for the September 2024 exams for both Foundation and Intermediate courses. For Foundation, papers cover Account...
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MCA Invites Comments on Review of 5 Rules under CA, CWA and CS Acts
Introduction: The Ministry of Corporate Affairs (MCA) has initiated a comprehensive review of rules prescribed under the Chartered Accountants Act, 1949, the Cost and Works Accountants Act, 1959, and...
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SCN Reply - Request for Reconsideration of Penalty Under Section 125 for Non-Filing of Annual Return
Subject: Request for Reconsideration of Penalty Under Section 125 for Non-Filing of Annual Return for F.Y. 2020-21Dear Sir/Madam,I am writing to address the notice issued by your esteemed office regar...
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SCN Reply - Clarification on Late Fees Applicability for CMP-08 Statement under GST Laws
Dear Sir/Madam,I am writing to address the notices I have received regarding the late fees imposed in Form ASMT-10 for the delayed filing of CMP-08 for the financial year 2019-2020. I sincerely apolog...