IT Department to release all pending income tax refunds up to Rs 5 lakhs immediately ; Around 14 lakh taxpayers to benefit. All GST & CUSTOM refunds also to be released ; to provide benefit to around 1 lakh business entities including MSMEs
MCA allows companies to hold Extraordinary General Meetings (EGMs) through VC or OAVM complemented with e-Voting facility/simplified voting through registered emails.
1. All person will be moving for whatsover purpose and under whatever reason authority in public place, like street, hospital, office, markets must be wearing 3 ply mask or cloth mask compulsorily. 2. Any person who is moving around in his personal and official vehicle must be wearing these masks compusarily.
Spice+ is a new initiative taken by the Government. Every year Government brings some or the other change in the procedure to Incorporate a Company. With effect from 23rd Feb, 2020 The Government came up with the new Form called Spice+ which is a web-based form. Let us understand the details of the new form […]
The process of credit creation by commercial banks and how the RBI regulates this credit flow This article is not from accounting, direct or indirect tax perspective. This deal with a general topic about how the credit is created by commercial banks in the economy and how the RBI monitors this credit creation. Let us […]
This article attempts to discuss the tax and regulatory incentives available to Startups. Angle Tax Benefit – An eligible start-up can avail Income-tax exemption on consideration received for issue of shares that exceeds the face value
The following Article only covers the relaxation granted by SEBI under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’)
Understanding New Equalisation Levy & TDS on e-Commerce Transactions with Practical Illustrations Section 163 to 172 of ‘CHAPTER VIII OF THE FINANCE ACT, 2016- EQUALISATION LEVY’ deals with Equalisation levy definition, interest, penalty, filing of the annual statement, the penalty for failure to furnish statements. 1. Digital Tax: The Backdrop With the expansion of information […]
Government has extended dates for filing of GST return due to COVID-19 pandemic. These are notified through Notifications 30/2020 to 36/2020 dated 03.04.2020 and Circular No. 136/06/2020-GST dated 3rd April, 2020. > Taxpayers filing Form GSTR-3B (i) Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding Financial Year. Tax period Late fees waived if […]
In my previous article, I tried summarize advantages, need and limitations for E-invoicing. Now in this article I will discuss the basic concepts of E-Invoicing modes of generation and flow of information for E-Invoicing. Concept of E-Invoicing: E-invoicing means generation of documents related to supply electronically. It is NOT a preparation of documents on Government […]
