Following are the Steps to be followed for Appointment: 1. DSC (Digital Signature Certificate) of Appointing person to be obtained following documents required for the same: Proof of Identity: Copy of Passport, Passport issued by the country of residence. Proof of Address: a. latest Mobile Bill or b. Bank statement or c. Electricity Bill mentioning […]
1. William Shakespeare in Romeo and Juliet wrote in the famous balcony scene “what is in the name? That which we call a rose by any other name would smell as sweet.” The said view is equally applicable when it comes to analyzing the GST implications on various payments made to the directors. The word […]
As we know, various benefits are attached to the life insurance policy, and tax benefit is one such key benefit. The tax benefit is available in terms of income tax deduction and income tax exemption. Provisions of section 80C offer the income tax deduction, whereas, provisions of section 10(10D) provides the income tax exemption. Under […]
It has been decided to extend the due date for the following regulatory filings and compliance requirements by their trading members / clearing members:
Analysis of applicability of GST on Director Remuneration in view of recent AAR Ruling in the case of Clay Craft India Pvt Ltd At the outset, I would like to draw attention to serial no. 6 of Notification No. 13/2017 ‐ Central Tax (R) dated 28.06.2017, services supplied by a Director of a company or […]
What is Due Diligence: Due diligence is a process of research and analysis that is initiated before an acquisition, investment, business partnership or bank loan, in order to determine the value of the subject of the due diligence or whether there are any major issues involved. Such findings are then summarized in a report which […]
SEBI vide Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/62 dated 16th April, 2020, has provided Relaxation in time period for certain activities carried out by depository participants, RTAs / issuers, KRAs, stock brokers. Text of the Circular is as follows:- Securities and Exchange Board of India Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/62 Dated: April 16 , 2020 To, 1. Stock Brokers through […]
Executive Summary of Draft Valuers Bill, 2020- Report of the Committee of Experts to Examine the Need for an Institutional Framework for Regulation and Development of Valuation Professional- VOLUME I – April, 2020
Financials Assistance by SIDBI Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing, and development of Micro, Small Enterprises and Medium Enterprises(MSMEs), has launched SAFE (SIDBI Assistance to Facilitate Emergency response against Corona Virus) scheme. It is a financial assistance program for MSEs which are engaged in the […]
The supreme court was of the view that section 12AA of Income Tax Act, 1961 mandates that the commissioner of Income tax or the principal commissioner, as the case may has to satisfy his/her conscious that the activities under taken by the Trust are genuine and are eligible charitable activities.
