"January, 2019" Archive - Page 3


In common parlance, Profiteering means making unreasonably high profits in the course of ordinary trade or business, whereas Anti-profiteering means prevent profiteering from unethical methods. In terms of GST law, Section 171(1) Any reduction in rate of tax on any supply of goods or services or the benefit of input tax credit shall be ...

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SEBI: Systems deemed to be based on AI and ML technology

Circular No. SEBI/HO/MRD/DOP1/CIR/P/201 9/24 31/01/2019

SEBI is conducting a survey and creating an inventory of the AI / ML landscape in the Indian financial markets to gain an in-depth understanding of the adoption of such technologies in the markets and to ensure preparedness for any AI / ML policies that may arise in the future....

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CBDT amends notification on Angel Taxation

Notification No. 09/2019-Income Tax [S.O. 584(E)] 31/01/2019

Central Government hereby makes following amendment to the notification number S.O. 2088(E) dated the 24th May, 2018 published in the Gazette of India...

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Latest Changes under GST Law w.e.f. 01/02/2019

Notification No. 02/2019 (Central Tax) to 06/2019 (Central Tax) have been notified giving effect to the changes approved by the GST Council in last meetings. Further, Provisions of the Central Goods and Services Tax (Amendment) Act, 2018 has also been made effective so far. Notifications wise analysis are discussed below:...

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ICAI President’s Message – February 2019

Adoption of ICAI Software on Allotment of Statutory Bank-Branch Audit by Banks As you know, we have over the years expressed our concern on the appointment of auditors of public sector banks by Banks’ Board themselves and on the autonomy given to them....

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Valuation requirements under Companies Act 2013

With the deadline until which valuation services are permitted to be rendered without registration under Insolvency and Bankruptcy Board of India (IBBI) i.e. 31st January 2019, it is most important now than ever to know the provisions of the Companies Act, 2013 (the Act) which either recommend or mandate a valuation report by a registered...

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Objection to Trademark Application

Trademark is essentially another word for brand or brand name. A trademark can be any name, word, symbol, slogan, or device that serves to both identify and distinguish a business or product from others in the market. Once you have trademarked your business, if someone else makes an attempt to use something similar enough to […]...

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Some tips to shortlist better personal loans options!

No one is spared from the possibility of a financial crisis where a person has to fulfill major expenses. Although most of us have savings to defend expenses, it could be insufficient at a time! Hence most Public and Private Banks and Non-Bank Financial Companies (NBFC) avail personal loans at affordable rates and at a […]...

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Companies have to disclose money which is not deposit

Companies have to disclose money which is not deposits in terms of The Companies (Acceptance of Deposits) Rules 2014 as amended by Companies (Acceptance of Deposits) Amendment Rules, 2019 under Companies Act, 2013. The government wants to know the information about outstanding receipt of money or loan by a company but not considered as ...

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Due Diligence in Mergers and Acquisitions Transations

1. What is Due Diligence? Due diligence refers to the process of investigation or audit of a deal or investment opportunity which helps a buyer with an assurance of what they are buying. It basically refers to the process of investigating any business or person before signing a contract. 2. Why is Due Diligence Important […]...

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