ONLINE INFORMATION DATABASE ACCESS AND RETRIEVAL (OIDAR) SERVICES IN GST WHAT IS OIDAR? Online information database access and retrieval services is a category of services provided through the medium of internet and received by the recipient online without having any physical interface with the supplier of such services. The IGST act defines OIDAR to mean […]
This Conversion Calculator Helps In Conversion From One Unit of Measurement To Another Unit of Measurement In Length, Area, Mass, Volume And Temperature. Let’s say converting a) temperature in Celsius to Fahrenheit, b) mass in Pounds to Kilograms, c) volume in Gallons to Liters d) area from acres to hectares and many many more.
What is the NEW booster to MSME? a) Why MSME is most important for Indian Economy? a) Around 63.4 million MSME units in India b) Contributes around 6.11% of manufacturing GDP c) Contributes around 24.63% of services GDP d) Contributes around Country’s GDP-making of 29% e) Contributes around 33.4% of India’s manufacturing output. f) Provides […]
The Central Government has vide notification dated June 01, 2020, notified the following criteria for classification of micro, small and medium enterprises which shall be effective from July 01, 2020: Particulars Investment In Plant & Machinery Or Equipment Turnover Micro enterprise does not exceed Rs. 1Cr. does not exceed Rs. 5 Cr. Small enterprise does […]
Global rating agency Moody’s downgraded India’s sovereign rating by one notch to the threshold of investment grade. The outlook assigned continues to be negative which is somewhat of a surprise.
It is a settled principle of law that where addition to assessee’s income is made on estimate basis penalty under section 271(1)(c) cannot be imposed.
(1) These rules may be called the Unmanned Aircraft System (UAS) Rules, 2020. (2) They extend to the whole of India and shall apply also (unless the contrary intention appears) – (a) to UAS registered in India, wherever they may be; or (b) to a person owning or possessing or engaged in importing, manufacturing, trading, leasing, operating, transferring or maintaining a UAS in India; or (c) to all UAS for the time being in or over India;
Renu Devi and another Vs State of Punjab and others (Punjab & Haryana High Court) Perusal of the photographs attached with the petition, shows that at the time of marriage ceremony, the petitioners and other attending persons were not wearing the masks, which is otherwise necessary in view of COVID-19 pandemic. Accordingly, the petitioners are […]
The power to invest funds of the company is derived by Board under section 179 of the Act. However, the Companies Act, 2013 contains provisions for restrictions on investments that a company can make and loans it can made. Apart from loan and investments, restrictions are also placed on the guarantees which the company can […]
Section 194C – TDS on Payment to Contractor post amendments by Finance Act 2020 The present article briefly covers the important provisions and recent changes relating to ‘TDS on Payment to Contractors’, which is covered under Section 194C of the Income Tax Act 1961. Section 194C – TDS on Payments to contractors. Any person responsible […]
