Daybook

22/02/2025

https://www.hindustantimes.com/india-news/dgca-seeks-response-from-air-india-after-minister-gets-broken-seat-101740222422901.html

This Air India incident highlights the importance of regular checks and compliance—something that’s just as critical in business. Imagine if companies ignored regular audits the way this broken seat was overlooked; it could lead to regulatory actions, penalties, or worse, business failure. Just like the DGCA stepped in here, tax authorities and regulators keep a close watch on financial mismanagement. Regular audits, compliance checks, and risk assessments ensure businesses don’t end up with 'broken seats' in their financial structures.

With Regards
Daybook

Union minister Shivraj Chouhan in a tweet said that he was assigned a ‘broken and sunken seat’ on an Air India flight during his journey from Bhopal to Delhi

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E-Invoice Reporting Limit

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Penalty for the late filing of the Tax Audit report

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(a) 0.5% of the total sale, turnover, or gross receipts; or
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BREAKING NEWS: Finance Bill amendment to provide relief for real estate immovable property under LTCG regime

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Advisory for FORM GSTR-1A

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FORM GSTR-1A is an optional facility. This can be filed only once for a particular tax period.

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Capital Gain Taxation- Asset Type wise

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Proposed changes in TDS Rates