News

Individuals who have received substantial TDS deductions over their tax liability under IT Act can now seek relief, according to a recent TRACES Portal update.

Income Tax Department enables lower/nil TDS Application New Facility against Excessive TDS Deductions on TRACES Portal

Notifications

MCA has notified the Companies (Registration Offices and Fees) Amendment Rules, 2024 which is effective from February 16, 2024.

MCA notified Companies (Registration Offices and Fees) Amendment Rules 2024

RBI has notified the Exclusion of “Rupee Co-operative Bank Limited” from the Second Schedule of Reserve Bank of India Act, 1934.

RBI excludes Rupee Co-operative Bank Limited from Second Schedule of RBI Act 1934

Star Health and Allied Insurance Company stated that it has received a tax demand notice for Rs.170 crore and a penalty of Rs.8.7 crore for failing to pay GST liability.

Star Health gets GST Demand Notice of Rs.170 crore includes Penalty of Rs.8.7 crore

The Customs officers from the Anti-smuggling unit at Guwahati Customs detained a man travelling by train at Guwahati Railway Station in Assam.

Customs Official seized 26 Pieces of Concealed Gold from Train Passenger at Guwahati Railway Station

Orders

The Board of Discipline has held the CA Guilty of Professional Misconduct based on a reason that Onus to Communicate with previous Auditor on incoming Auditor, same cannot be passed on Auditee.

Onus to Communicate with previous Auditor on incoming Auditor, Same cannot be passed on Auditee

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