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Rs.20000/- Penalty for GST Evasion of Rs. 15/- ??

Nowadays Social Media is buzzing with associate degree Alleged Show Cause Notice for Penalty for non-issuance of Tax Invoice, issued beneath APGST Act, 2017 by Anantapuram Division, Dharmavaram Circle, Department of State Tax, Government of state dated 05.09.2017 by that department has projected to levy a Penalty of Rs. 20000/- …

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News- Salaried taxpayers will get SMS alerts on TDS deductions

News Source- SMS Alert Received from ITD and Economic Times Now Approximately 2.5 crore salaried tax payers will receive SMS alerts from the Income Tax department regarding their quarterly TDS deductions.Finance Minister Arun Jaitley launched the SMS alert service for Tax Deducted at Source (TDS) for salaried class and the …

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One Mallya, Many Amendments in SEBI (Links Added)

SEBI has barred or restrained wilful defaulter’s  access to or play role in capital markets.” Bar on being regd. as an Intermediary [SEBI (Intermediaries) Regulations] Applicant, it’s Promoter, Director, Principal officer or KMP should not be willful defaulter to get registered as an intermediary. {Reg. 7, Schedule II} http://egazette.nic.in/WriteReadData/2016/169829.pdf Bar …

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ED to do forensic audit of Mallya’s books of accounts

The Enforcement Directorate (ED) will conduct a forensic audit of Vijay Mallya’s and related companies’ accounts, to collect money trail details in connection with the Rs 6,963 crore borrowed by him and his now-defunct Kingfisher Airlines. The ED is formally probing Mallya and Kingfisher Airlinesunder anti-money laundering laws in connection …

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