"30 April 2020" Archive - Page 5

Importance of end date / completion date under RERA

Importance of end date / completion date under the Real Estate (Regulation and Development) Act, 2016 The Real Estate (Regulation and Development) Act, 2016 (Act) came into effect on 25th of March, 2016 after which till date 07 union territories and 19 states have framed and notified the Rules governing the real estate projects. The [&hel...

Read More
Posted Under: Corporate Law |

AS-1, Ind AS-1 along with impact of COVID-19

Accounting Standard –1 (Disclosure of Accounting Policies) and Indian Accounting Standard -1 (Presentation of Financial Statements) Along with Impact of COVID-19 Over the same. Accounting Standard –1 (Disclosure of Accounting Policies) 1. Purpose: Purpose of this standard is to promote better understanding of financial statements by e...

Read More
Posted Under: Corporate Law |

Conceptual Approach to Board Reporting Framework A Post COVID-19 Corporate Governance Perspective

The objective of this paper is to provide a conceptual Corporate Governance perspective to the Board Reporting Framework – Post COVID 19 which will serve as an internal document from the managements mirroring the renaissance of the related entity....

Read More
Posted Under: Corporate Law |

SEBI relaxes Mutual Fund related compliance

Circulars No. SEBI/HO/IMD/DF3/CIR/P/2020/76 30/04/2020

Based on the representations received from AMFI, it has been decided to grant the following relaxations specified in SEBI (Mutual Funds) Regulations,1996 and circulars issued thereunder:...

Read More

Law of Recording Satisfaction when AO of Searched & Other Person is Same

Analysis of the Judgment Delivered In The Case Of Super Malls Private Limited Vs PCIT (Supreme Court) related to explaining Law Of Recording Of Satisfaction When AO Of Searched Person And Other Person Is Same In Connection With Validity Of Notice under Section 153C Of The Income Tax Act, 1961. A. Facts of the Case: […]...

Read More

Bonus Issue of Shares under Companies Act, 2013

Article explains The source out of which Bonus Shares shall be issued, Source which company shall not utilise for the purpose of issue of Bonus Shares, Secretarial formalities to be complied with for Bonus Share Issue, Company not eligible for issuing bonus shares and Provisions and procedures relating to issue of shares through bonus iss...

Read More
Posted Under: Corporate Law |

Reversal of Input Tax Credit (ITC) in respect of Capital Goods

1. The CBIC vide Notification No. 16/2020- Central Tax dated March 23, 2020 has amended CGST Rules 43. This rule applies for ITC reversal in respect of capital goods if the said capital goods used for producing supplies partly for exempted/ non business purpose and partly for taxable / business purpose supplies. 2. Before we […]...

Read More

Section 10(32) Exemption | Income of minor clubbed with parent

Exemption under section 10(32) of the Income Tax Act comes into play only when the income of a minor child is clubbed (i.e., added) into the income of his parent in terms of section 64(1A). The exemption provisions of section 10(32) are covered under the present article....

Read More
Posted Under: Corporate Law |

ED on Revenue with & without Performance Obligations & Transfer Expenses of IPSAS

ICAI releases Exposure Draft (ED) 70, ‘Revenue with Performance Obligations’, ED 71, ‘Revenue without Performance Obligations’ and ED 72, ‘Transfer Expenses’ of International Public Sector Accounting Standards (IPSAS) Board for public comments At the outset, we would like to inform you that ICAI through its Committee on Publ...

Read More
Posted Under: Corporate Law |

New Composition Scheme under GST regime -Quick Analysis

New GST composition scheme which came not as an addition to the earlier existing section 10 of the CGST Act, 2017, but through a notification dated 7th March, 2019 [Notification No. 2/2019 - Central Tax (Rate)]....

Read More

Search Posts by Date

June 2021
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930