1. What is a Startup? Startup India is an initiative of the Government of India. Startup India program was launched on 16th January, 2016. Intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Government of India throughthis […]
The Respondent initiated arbitration proceedings for the outstanding fees and the Plaintiff had failed to pay such charges. As the proceedings are substantially for recovery of money, it leads to a commercial relationship between the parties under Section 45 of the Act;
Central Board of Direct Taxes (CBDT) has notified the Income-tax Return Form-1 applicable for the Assessment Year (AY) 2020-21 vide Notification No. 31/2020 dated- 29th May, 2020. The applicability and Changes in the ITR Form is as under: Applicable For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, […]
Article contains Checklist For Allotment of Shares With Respect To Companies Act,2013 and Checklist for Post Allotment Compliance With Respect To Reserve Bank Of India Act, 1934. This is a checklist of documents and procedure required to allot foreign shares to an Indian company after receiving FDI in India. Checklist For Allotment of Shares With […]
Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013. As per the MCA Circular No. General Circular No. 23/2020 dated 17th June, 2020, the Central Government in exercise of its powers under Section 460 read with Section 403 of the Act and the Companies (Registration Offices […]
Registration of Branch of a Foreign Company A. Overview of Branch of a Foreign Company: Any Foreign Body Corporate (incorporated outside India) /Firm/AOI (Association of Individuals) who wants to expand their business in India and wants to reach the Indian Customers, then it may be done by establishing a Liaison Office (LO)/ Branch Office under […]
Hajee A. P. Bava & Company Vs ACIT (Karnataka High Court) After 01.04.1989 it is not necessary for the assessee to establish the fact that the debt in fact had become irrecoverable and it is sufficient if the bad debt is written off as irrecoverable in the books of accounts of the assessee. In the […]
The issue under consideration is whether the late filing fees for TDS return u/s 234E is mandatory in nature or it can be condone if there is reasonable cause?
The issue under consideration is whether the service would continue to be classified under CICS/CCS and changing the classification into WCS midway is permissible or not?
Note on Relaxation on Filing of forms for creation/ modification of Charge (Form CHG-1) SCHEME FOR RELAXATION OF TIME FOR FILING FORMS RELATED TO CREATION OR MODIFICATION OF CHARGES UNDER THE COMPANIES ACT, 2013 Every Company which creates/modifies the charges needs to file the form CHG-1 (Creation and modification) within 30 days from the creation/modification. […]
