EPFO registration now required at a threshold limit of 10 employees instead of 20 employees
FCCB is akin to borrowings made by issuing debentures and both of them are different types of debt instruments only. Accordingly it was held in the case of Prime Focus Ltd. (supra), that the expenses incurred in connection with FCCB are revenue in nature.
Now we will understand the procedure for online submission of Trust’s Accounts whose annual income is below Rs.5000/-
Central Government hereby appoints Shri Gyaneshwar Kumar Singh, Joint Secretary, Ministry of Corporate Affairs as ex-officio member in the Insolvency and Bankruptcy Board of India vice Shri Amardeep S. Bhatia, Joint Secretary.
The issue in hand pertains to addition made on account of deemed dividend as per provisions of section 2(22)(e) of the Act. Being a deeming provision, bringing to tax sums which are not actually in the nature of income but are only deemed to be so, it is to be strictly interpreted. Section 2(22)(e) of […]
Notified Sections of COMPANIES (AMENDMENT) ACT, 2017 The Companies (Amendment) Bill, 2017 has been passed by the Lok Sabha on July 27, 2017 and by Raj Sabha on December 19, 2017 and has received assent of the President of India on January 03, 2018 and the bill becomes the Companies (Amendment) Act, 2017 and was […]
GST Refund: Usually when the GST paid is more than the GST liability a situation of claiming GST refund arises. A person can claim refund under section 54 of CGST Act 2017 with relevant Refund rules (Rule No. 89 to 96A). Under GST the process of claiming a refund is standardized to avoid confusion. The […]
By matched we mean legitimate invoices where the supplier has admitted tax liability by uploading the invoice on the portal This means either deny or automatically reverse credit on unmatched invoices
There has been a drastic change in the GST rate on sale of old and used motor vehicles. Below are the notifications issued on 25th January 2018 for the reference
In this 2nd part of the article, I bring to the kind notice of the readers that how the DGFT builds in the loopholes in the system to facilitate the unscrupulous exporters. Take the example of an Advance Authorization (AA).
