Check your phone. I have messaged an OTP. It is a 6 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend itSelect the reason for validity check
I feel great..the news is still good.please give the reason too..thanks..
Why do you think the News as invalid?” Please mention the reason.
I appreciate your effort. May I request you to select one of the reasons from below.
I am marking this post and your reason to Thakurani Moderators. They will take appropriate action.
Thanks,
Write your reason
My Dear ,
Please write your reason against the objection raised in the box below.
Thanks,
Yours sincerely,
My Dear ,
I appreciate your effort.
May I request you to select one of the reasons for purging from below.
Harassing
Disrespectful or rude towards a person or a group.
Spam
Promotes an undisclosed link or product or service.
Ingenuine
Not seeking genuine answers .
Rotten
Vulgar, Obscene, abusive etc..
Alien
Not a post on law or business.
Plagiarism
Copied from other website or source and pasted here.
Unformatted
Has bad format, grammar, spelling so requires moderatation.
Thank you,
Yours sincerely,
Aaradhika, Thakurani's bestie
A9 Top Floor C Block Community Center, Naraina Vihar
New Delhi, Delhi 110028
View and comment on the tax updates on a single page
Do you think that the tax news in simple language are better? Can you write them in simple language? and then broadcast? Then Write them at shocks n mocks.
About shocksnmocks
-
Court orders release of ₹50.7 lakh cash seized by GST authorities, citing lack …
The Delhi High Court has directed the Central Goods and Service Tax (CGST) authorities to release ₹50.7 lakh cash seized from the petitioner's business premises. The court held that the authorities lacked the power to seize cash on the suspicion of …
Login to write your news
Court orders release of 14 cheques 'resumed' by authorities, not 'seized' under…
This case involves a dispute between a petitioner and the respondent authorities over the release of 14 cheques and certain documents that were "resumed" by the authorities during an investigation. The court ruled that the authorities must return th…
Login to write your news
Court orders tax authorities to return Rs. 1.9 crore cash seized during search,…
The Delhi High Court has directed the tax authorities to return Rs. 1.9 crore cash seized during a search operation from the premises of Mukesh Kapoor and his companies, K.M. Food Infrastructure Pvt. Ltd. and Apparent Marketing Pvt. Ltd. The court h…
Login to write your news
Court orders tax authorities to return seized cash, rules seizure unlawful unde…
The Delhi High Court ruled in favor of a petitioner, directing the tax authorities to return the cash seized from the petitioner's residential and office premises. The court held that the seizure of cash was unlawful under the Central Goods and Serv…
Login to write your news
Court grants interim anticipatory bail to M3M Group promoter Basant Bansal in a…
The case involves an alleged money laundering case registered by the Enforcement Directorate (ED) against the IREO Group of companies. Basant Bansal, the promoter of the M3M Group, approached the Delhi High Court seeking anticipatory bail, apprehend…
Login to write your news
Bail granted to GST fraud accused after High Court finds merit in his arguments.
The Allahabad High Court granted bail to Subodh Kumar Garg, a proprietor accused of availing wrongful input tax credit (ITC) worth Rs. 8.76 crores under the Central Goods and Services Tax (CGST) Act, 2017. The court found merit in Garg's arguments a…
Login to write your news
The applicant, accused of availing illegal input tax credit by showing fake pur…
This case involves a businessman, the designated partner of Utkarsh Ispat LLP, who was arrested for allegedly availing illegal input tax credit of Rs. 31.02 crores by showing fake purchases from fictitious entities. The court granted him regular bai…
Login to write your news
Evading investigation repeatedly, involved in a serious economic offense, avail…
The petitioner, a director of a company accused of fraudulently availing Rs 72 crore input tax credit, approached the High Court seeking anticipatory bail. The court granted anticipatory bail with stringent conditions, considering the economic offen…
Login to write your news
Chartered Accountant granted bail in GST refund fraud case after 5 months in cu…
The case involves a Chartered Accountant (CA) who was arrested for allegedly facilitating fraudulent GST refunds by uploading fake certificates. The High Court granted him regular bail after considering that the investigation is complete, the charge…
Login to write your news
Chartered Accountant granted bail in GST fraud case after court finds no need f…
This case involves a Chartered Accountant (CA) who was arrested for allegedly facilitating fraudulent GST refunds. The CA claimed he was only paid a professional fee for uploading the refund claims. The court granted him regular bail, finding that f…
Login to write your news
RBI Crackdown: Unveiling the Veil of Corporate Debt Evergreening
In a bold move to safeguard financial stability, the Reserve Bank of India (RBI) has tightened regulations to curb the potential evergreening of non-performing assets (NPAs) by lenders through investments in Alternative Investment Funds (AIFs). This…
Login to write your news
Unlocking Inherited Wealth: NRIs’ Quest for Repatriation
For Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs), inheriting assets from India often presents a complex challenge – navigating the intricate web of regulations to repatriate their inherited wealth abroad. This comprehensive guide …
Login to write your news-
Navigating Inheritance Transfers: NRIs’ Quest for Repatriation
RBI, FEMA & BANKING,Mar. 23, 2024For Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs), inheriting assets from India often presents a complex challenge – repatriating the funds. As they navigate the intricate web of regulations, many are turning to the Reserve Bank of India (RBI) for guidance on seamlessly transferring their inherited wealth abroad. This comprehensive guide delves into the nuances of this process, offering insights into the legal framework and strate…
-
Unlocking Retirement Pathways: NRIs’ Guide to Investing Back Home
Others,Mar. 23, 2024For Non-Resident Indians (NRIs) contemplating a return to their homeland after retirement, strategic financial planning is crucial. This comprehensive guide explores the intricacies of investing in India, offering insights into tax implications, asset allocation, and regulatory frameworks. By understanding the nuances of repatriable assets, NRIs can navigate the complexities and make informed decisions to secure their golden years seamlessly.
-
Extending Lifelines: India Grants PIO Cards Validity Till Late 2024
Income Tax,Mar. 23, 2024In a move to facilitate seamless integration for the Indian diaspora, the Indian government has extended the validity of Person of Indian Origin (PIO) cards until December 31, 2024. This decision provides a lifeline for PIO cardholders, allowing them to continue enjoying the associated benefits and privileges during their stay in India. The extension underscores the nation’s commitment to strengthening ties with its global community.
-
The courts recently quashed 4 out of 5 Arbitrary, restrictive, irrational, vagu…
Goods & Services Tax,Apr. 27, 2024The courts have quashed 4 out of 5 arbitrary, restrictive, irrational, and vague GST refund circulars that revenue authorities used to hold refunds on zero-rated supplies. The rulings have provided relief to exporters and clarified various aspects of GST refunds. Exporters can claim GST refunds for tax periods across two financial years, quashing the restrictive circular that limited refund claims to a single financial year. Exporters are ent…
-
Rs2.5lac Penalty for Non-Compliance with Director Appointment Filings
Co. Law, Sebi, Audit & A/c,Mar. 13, 2024The Ministry of Corporate Affairs (MCA) imposed penalties on Dehra Dun Club Limited for failing to file Form DIR-12, which informs about changes in the Managing Committee, for the financial years 2017-18 to 2021-22. Despite the club's argument that the appointed individuals were temporary mess members and not directors, the Adjudicating Officer found the club in violation of Section 152 of the Companies Act, 2013, and levied a total penalty of ₹2,5…
Rs45lac Penalty imposed for Bypassing Board Approval on Related Party Transacti…
The Ministry of Corporate Affairs (MCA) cracked down on Kudos Finance And Investments Private Limited for violating Section 188(1)(f) of the Companies Act, 2013. The company failed to obtain board approval for a related party transaction involving the appointment of Pavitra Walvekar as CEO. Despite the company's claim of ignorance, the Adjudicating Officer imposed substantial penalties totaling ₹20 lakh on the directors, including ₹5 lakh each on P…
Co. Law, Sebi, Audit & A/c,Mar. 13, 2024-
Unraveling the Power of the Director Identification Number (DIN)
Co. Law, Sebi, Audit & A/c,Mar. 13, 2024In the intricate realm of corporate governance, a unique identifier known as the Director Identification Number (DIN) plays a pivotal role in fostering transparency and regulatory compliance. Mandated by the Companies Act, 2013, the DIN serves as a cornerstone for accurate identification of directors across various corporate documents. Its inclusion is not merely a procedural formality but a testament to the responsible governance culture that unde…
-
MCA Imposes Rs.180,000 Penalty on Auditors for Disclosure Lapses in Financial R…
Co. Law, Sebi, Audit & A/c,Mar. 13, 2024In a significant development, the Ministry of Corporate Affairs (MCA) has imposed a substantial penalty of Rs. 180,000 on auditors for failing to adhere to the disclosure requirements outlined in Section 143(3) of the Companies Act, 2013. This action underscores the regulatory scrutiny surrounding financial reporting and the consequences of non-compliance with statutory obligations. The case highlights the pivotal role auditors play in ensuring tra…
NBFC Faces Penalties for Failure to File Financial Statements
Co. Law, Sebi, Audit & A/c,Mar. 13, 2024In a move to uphold corporate governance standards, the Ministry of Corporate Affairs (MCA) has imposed substantial penalties on an NBFC and its directors for non-compliance with statutory filing requirements. The case revolves around the failure to submit Form AOC-4 NBFC, which mandates the filing of financial statements by Non-Banking Financial Companies (NBFCs) under Section 137 of the Companies Act, 2013, read with Rule 12(1A) of the Companies …
Exporters' Boon or Bane? Navigating Rule 96(10)'s Complexities
A pivotal rule governing IGST refunds for exporters, Rule 96(10) of the CGST Rules has undergone numerous amendments, creating a labyrinth of conditions and exceptions. This intricate rule aims to strike a balance between facilitating exports and preventing misuse of tax benefits. Exporters must tread carefully, as non-compliance can lead to refund denials, interest liabilities, and penalties. Understanding the rule's nuances is crucial for seamles…
Goods & Services Tax,Apr. 25, 2024-
Co. Law, Sebi, Audit & A/c , Mar. 13. 2024Penalty Imposed for Violating Secretarial Standards on Meeting Documentation
-
Co. Law, Sebi, Audit & A/c , Mar. 13. 2024In-Depth Exploration of Director KYC Requirements for FY 2023-24: Significance,…
-
Co. Law, Sebi, Audit & A/c , Mar. 13. 2024Directors Penalized for Failure to Update Address with MCA
-
Goods & Services Tax , Apr. 11. 2024Tax Authorities can't deny GST Refund on export of services even if you receive…
-
Goods & Services Tax , Feb. 25. 2021Exporter allowed to claim GST refund for tax periods across two financial years…
Check your phone. I have messaged an OTP. It is a 6 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend itCheck your phone. I have messaged an OTP. It is a 5 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend it
Thanks, for confirming your phone number.
You can change it in your profile.Are you a tax professional?
If yes, then you can earn
money through me.Click on the subject of your choice. I will show major of these to you.
Click on the subject of your choice. I will show major of these to you.
download the mobile app
Hiya ,
You have successfully created your diary. You can access it from 'Store/Your Stuff' section.
OK