The proposed move assumes significance in the wake of several auditors in the recent past decided to exit from their audit mandate after certain listed companies failed to take remedial actions despite financial wrongdoings having been flagged in their auditors\’ observations.
The proposed move assumes significance in the wake of several auditors in the recent past decided to exit from their audit mandate after certain listed companies failed to take remedial actions despite financial wrongdoings having been flagged in their auditors\’ observations.
The monetary limits fixed for filing appeals before ITAT/HC and SLPs /appeals before Supreme Court shall not apply in case of assesses claiming bogus Long Term Capital Gains/Short Term Capital Loss through penny stocks and appeals/SLPs in such cases shall be filed on merits.
CBDT notifies Income Tax E-assessment Scheme, 2019 with effect from 12th September, 2019. The assessment under this Scheme shall be made in respect of such territorial area, or persons or class of persons, or incomes or class of incomes, or cases or class of cases, as may be specified by the Board.
The Reserve Bank of India has decided that a bank’s exposure to a single NBFC (excluding gold loan companies) will be restricted to 20 per cent of that bank’s eligible capital base.
The Reserve Bank of India has decided that a bank’s exposure to a single NBFC (excluding gold loan companies) will be restricted to 20 per cent of that bank’s eligible capital base.
SEBI has levied total fine of Rs 6 lakh on sub-broker SRU Securities for indulging in manipulative trading in the shares of Cerebra Integrated Technologies.
HC rejected bail application of assessee involved in bogus trading & evaded GST of more than Rs. 100 crores
Practicing professionals are prohibited from acting as full time directors. They can only act as non-executive directors not performing administrative duties. Such persons cannot be prosecuted for offenses committed by the company.
CBIC has issued guidelines for implementation of Direct Port Delivery of containers to the importers across all the formations so that reach of DPD could be made maximized.
