"30 March 2019" Archive

Companies (Indian Accounting Standards) Second Amendment Rules, 2019

Notification No. G.S.R 274(E). 30/03/2019

These rules may be called the Companies (Indian Accounting Standards) Second Amendment Rules, 2019. They shall come into force on 1st day of April, 2019....

Companies (Indian Accounting Standards) Amendment Rules, 2019

Notification No. [G.S.R. 273(E)] 30/03/2019

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th March, 2019 G.S.R. 273(E).— In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government, in consultation with the National Financial Reporting Authority, hereby makes the follow...

Branches of Vijaya & Dena Bank to operate as branches of Bank of Baroda

Press Release : 2018-2019/2329 30/03/2019

All branches of Vijaya Bank and Dena Bank will function as branches of Bank of Baroda from April 1, 2019. Customers, including depositors of Vijaya Bank and Dena Bank will be treated as customers of Bank of Baroda with effect from April 1, 2019....

Related Party Transactions | Companies Act, 2013 | Section 188

Related Party Transactions u/s 188 of the Companies Act, 2013. As we all very well know that related party transactions require many compliance as per the Companies Act, 2013.  In this Article an attempt is made to understand the provisions of Section 188 of the companies Act, 2013. Important Definitions  1. Office or Place of […...

Posted Under: Company Law |

Periodic Compliances for a Listed Company For Equity Shares

The Listed entity shall comply with the following compliance under SEBI Listing Regulations 2015:- Quarterly Compliances Half Yearly Compliances Yearly Compliances Event Based Compliances Quarterly Compliances When to comply Regulation reference Timeline For the quarter ended June For the quarter ended September For the quarter ended Dec...

Posted Under: Company Law |

TDS Calculation & Deduction on Salary For FY 2018-19

As the new F.Y. is arriving on 1st April, all the salaried employees of almost all the organizations are asked to send their investment declaration by their employers. Why is it so? Their investment declarations are called, so that tax deductions can be done accordingly. On the basis of investment declaration statement, the employer estim...

Posted Under: Company Law |

4 New Income Tax Tax exemption in Financial Year 2019-20

Let’s take a quick look at the key changes in the Interim Budget 2019 from a personal tax perspective, which will be effective from 1 April 2019. 1. Standard Deduction from Salary: Standard deduction has been increased from Rs 40,000 to Rs 50,000 for salaried individuals (which was introduced in the Budget 2018 in lieu […]...

Posted Under: Company Law |

Anatomization of “Rule 25A” And “e-Form Active”

1. This move by the Government of India is an integrated part of the colossal drive against shell companies to eradicate the use of companies in generation and accumulation of black wealth. This will also promote good corporate governance and companies will be cognizant of the legal compliances. It will also embark on a new […]...

Posted Under: Company Law |

Assessee can claim business expense after SEBI approval to commence business

DCIT Vs PPFAS Asset Management Pvt. Ltd. (ITAT Mumbai)

DCIT  Vs PPFAS Asset Management Pvt. Ltd. (ITAT Mumbai) As SEBI approval mandatory is to commence business, assessee admissible to claim business expenses only after obtaining the necessary approval. Since commencement of business require SEBI approval, expenses claimed post approval would qualify as business expense. Facts – The asses...

New GST Taxation for Real Estate brings Customer’s Suvidha, Builder’s Duvidha

Arjuna (Fictional Character): Krishna, recently Government issued notification on Real Estate Sector as on 29th March  2019, Please tell something about it. Krishna (Fictional Character): Arjuna, these notifications were focused on Real Estate Sector. The notifications provide lower effective GST Rates for customers. Let’s see what’s...

Posted Under: Company Law |

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