"03 February 2020" Archive

Nidhi (Amendment) Rules, 2020

G.S.R. 81(E). (03/02/2020)

MCA notifies substituted Form NDH-1, NDH-2 & NDH-3 and issued revised FORM NO. NDH-1- Return of Statutory Compliances, FORM NO. NDH-2 – Application for extension of time and FORM NO. NDH-3 – Return of Nidhi Company for the half year. Government of India Ministry of Corporate Affairs Notification New Delhi, 03rd Feb, 2020 G...

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Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2020

F. No. 2/31/CAA/2013-CL.V [G.S.R. 79(E).] (03/02/2020)

(1) These rules may be called the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette....

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National Company Law Tribunal (Amendment) Rules, 2020

G.S.R. (E) (03/02/2020)

These rules may be called the National Company Law Tribunal (Amendment) Rules, 2020. They shall come into force on the date of their publication in the Official Gazette....

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MCA notifies sub-sections (11) & (12) of section 230 wef 03.02.2020

F. No. 2/31/CAA-2013-CL-V (Part) (03/02/2020)

Central Government hereby appoints the 03rd of February,2020 as the date on which the provisions of sub-sections (11) and (12) of section 230 of the Companies Act, 2013 shall come into force....

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CA Foundation & IPC Nov 2019 Exam- Pass Percentage & Toppers

The Institute of Chartered Accountants of India (ICAI) today announced the results of Chartered Accountants Intermediate (IPC) / Intermediate (New) and Foundation Examinations held in November, 2019. Here we are providing Details of top three rank holders and result analysis  in terms of Pass percentage on All India Basis for Intermediat...

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Posted Under: Company Law | ,

New Income Tax Regime for Individual and HUF- Budget 2020

In line with the options provided to the domestic company and co-operative societies, similar option proposed to individual or HUF upon satisfaction of certain conditions by incretion of new section 115BAC to pay concessional rate of tax on total income as follows: Total Income (Rs.) Rate of Tax Up to 2,50,000 Nil From 2,50,000 to [&helli...

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Posted Under: Company Law |

Budget 2020 – Forgotten welfare of Tax Payers

Hon’ble Finance Minister, Smt. Nirmala Sitha Raman has presented a lengthiest Wonderful budget, made navel and result oriented allocations, Proposed Sixteen point formulae for doubling the farmers income is Welcomed by all the citizen of India with praise. The reforms brought for corporate sector also applauded and may also instigate mo...

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Posted Under: Company Law |

Union Budget 2020 Impact On Agriculture Sector

The agricultural sector has been in a slow down for a past couple of years now. To overcome this, Finance Minister N. Sitharaman through this budget tried to change this situation. The finance minister proposed a 16 point action plan in her speech while presenting the budget so as to improve the condition of the agricultural […]...

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Posted Under: Company Law |

Direct & Indirect Tax Proposals under Union Budget 2020

The period to avail credit in respect of debit notes to be counted from the date of issuance of the debit note instead of the issuance date of invoice Fraudulent availment of input tax credit without invoice or bill has been made a cognizable and a no-bailable offense....

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Posted Under: Company Law |

Contribution By Employer Exceeding Rs.7.5 Lakhs Is Now Taxable

In this Article, we will discuss about change in Section 17 of Income Tax act related to provident and superannuation fund received by  salaried employees . Employer Contribution in all  3 specified fund including interest earned on same amount ,during Previous Financial Year,  will be taxable in hands of employees  if it is exceeding...

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Posted Under: Company Law |