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Archive: 30 January 2018

Posts in 30 January 2018

Budget 2018: What is on the wish list?

January 30, 2018 14574 Views 1 comment Print

With less than a week to go before the India’s Union Budget for the financial year 2018-19, there is lot of debating between pundits from various schools of thought. Given the past three budgets in the reign of Prime Minister Narendra Modi, the tax laws and the corresponding regulations have been rationalised, resolving many ignored/ untouched issues. Various reforms have been brought in to promote the growth of the Indian economy and showcase India as an investor friendly country and laws have been brought to curb corruption.

Ease of Doing Business is India is on A Run

January 30, 2018 2853 Views 2 comments Print

Reserve Unique Name (RUN) is the new Web-Form introduced by The Ministry Of Corporate Affairs to Reserve Unique Name, as another promising step towards promoting work culture in India on its 69th Republic Day. In the spree to ease the bureaucratic fallouts in the process of incorporating a company in India, the government in affiliation […]

Frequent Ask Questions on RUN (Reverse Unique Name)

January 30, 2018 5112 Views 3 comments Print

On 26th Jan 2018 a new web based service RUN (Reserve Unique Name) has been introduced by Ministry of Corporate Affairs. Through this service you can directly submit the application for reserving name online within few minutes. On the basis of various queries raised by our clients, we have summarized it in FAQ. Q1. Whether […]

What if there is mistake in E-way Bill?

January 30, 2018 23580 Views 16 comments Print

The e-way bill once generated cannot be edited or modified. In such a situation, e-way bill generated with wrong information has to be cancelled and generated afresh again. The cancellation is required to be done within twenty-four hours from the time of generation.

E Way Bill for GTA Industry

January 30, 2018 9690 Views 0 comment Print

Generally goods are moved through transport, so Goods Transport Agency (GTA) will affect most from E way Bill (EWB) introduction with effect from 1st February 2018.

Secret to Higher Salary – Don’t negotiate CTC

January 30, 2018 2883 Views 2 comments Print

Do you get confused between CTC and Take Home Salary? Are you unable to grab higher in-hand salary even after HR promised huge CTC during the interviews? I have prepared a little secret called “Secret to Higher Salary – Don’t negotiate CTC” through which you can understand why high CTC doesn’t mean high salary.

25 Key Changes in Companies (Amendment) Act, 2017

January 30, 2018 11088 Views 1 comment Print

Articles Provides 25 Key Highlights On Companies (Amendments) Act, 2017 which includes  Provision related to Registration / Conversion of LLP  of Company/LLP, Issuance of Sweat Equity Share, Section 3A Number of members falling below the minimum requirement, Section 12 Changes of Registered Office of the Company, Private Placement, Financial Statements, Corporate Social Responsibility, Audit and […]

Interpretations in “Insolvency and Bankruptcy Code”

January 30, 2018 2085 Views 0 comment Print

The Insolvency and Bankruptcy Code, brags to have the potential to emancipate the Indian economy from distressed and troubled businesses. Apart from unlocking the value stuck in Dilapidated Businesses , the code aims at stepping up India’s ranking in Ease Of Doing Business .

Understading E Way Bill

January 30, 2018 5235 Views 3 comments Print

The E way bill has to generated online through the website ewaybill.nic.in after a following a simple one -time registration procedure. The details required for generating E-way Bill are very basics like Vehicle No., distance and item carrying along with the recipient details and are required to be generated by a registered person supplying goods or receiving goods from an unregistered person.

International transaction cannot be presumed merely on the basis of Statement of Assessee

January 30, 2018 774 Views 0 comment Print

Renault India case: Just because assessee mentioned that marketing expenditure incurred by it helped promotion of Renault brand in India, it cannot be presumed that such expenditure resulted in any international transaction

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