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Complete Tax Code Replacement Creates April 2026 Compliance Reset
The Income Tax Act, 2025 replaces the 1961 Act from April 2026, creating a complete compliance reset for boards overseeing corporate tax obligations.
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Form AOC-4 Date Error Triggers Penalty Despite Company’s Clerical Mistake Defense
Registrar rejects clerical error defense for incorrect AGM date in Form AOC-4 XBRL filing, establishing strict accuracy standards for corporate submissions.
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₹50,000 Penalty Confirms Secretarial Auditor Timing Cannot Be Negotiated
NCLT imposes ₹50,000 penalty for delayed secretarial auditor appointment, confirming that Section 204 timing requirements cannot be negotiated despite eventual
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₹2.5 Lakh Fine Exposes the 42(4) Cash Flow Problem
Company penalized ₹2.5 lakh for using private placement funds before completing Section 42(4) compliance, highlighting cash flow control challenges.
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₹570 Crore Draft Assessment Puts Audit Committee Risk Evaluation Under Scrutiny
Divi's Labs faces ₹570 crore I-T draft assessment for transfer pricing adjustments, highlighting audit committee oversight gaps in tax risk evaluation framework