The AAR Gujrat in case of Shree Sawai Manoharlal Rathi has held that Interest received from PPF, Interest received from Personal loans and advances to family members and Interest Income from Saving Bank account would be considered for the purpose of calculating the threshold limit of Rs.20.00 Lakh for registration under the GST Law. This ruling has again created a confusion, chaos & debate.
Process Of Appointment Of Auditor As Per Chapter X ‘Audit And Auditors’ Of The Companies Act, 2013 And Rules Made Thereunder: Appointment of Auditor: Section 139(1): Every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till […]
Resignation of Statutory auditors from Listed Entities & their Material Subsidiaries As preamble of the Securities and Exchange Board of India describes, its basic function to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto, Board mandated […]
Now a day if we see there is increase in number of suicides. There are various reasons, circumstances, situations behind it. But common reason coming out is Depression. What should we learned from the news of Suicides? It is the time and need of the hour that we should look within. It is now also […]
Section 18- Availability of credit in special circumstances -Simplified (1) Subject to such conditions and restrictions as may be prescribed- (a) A person who has applied for registration under the Act within thirty days from the date on which he becomes liable to registration and has been granted such registration shall, be entitled to take […]
Compliance requirements under various acts after formation of company This article discusses the compliance requirements under various acts after the formation of company. A. ROC Compliances After Incorporation of Co. – Immediately after incorporation, Company should open Bank Current Account. PAN Card registered in the name of your company and a copy of a Board […]
Before proceeding into detailed discussion on this topic, let us first have a glimpse of Article 14 of Model tax convention. Article 14 of the Model tax convention read as under: “1. Income derived by a resident of a Contracting State in respect of professional services or other activities of an independent character shall be […]
Article explains about the Casual taxable Person (CTP) under Central Goods and Services Tax Act, 2017. It explains about Meaning of Casual Taxable Person, Documents required for Casual taxable Person GST Registration, How to Apply for Registration as Casual taxable Person, Extension of Period of Registration, Returns to be Furnished by casual taxable person and […]
SECTION 162 OF THE COMPANIES ACT, 2013 Appointment of Directors to be voted individually In General, the appointment of directors is done in the General meeting of the Company by passing Ordinary Resolution. If a company wants to appoint 5 directors in the general meeting, it has to pass 5 ordinary resolutions for their appointment […]
Because of covid pandemic, government has extended various due dates of returns and compliances in many laws. I try to sum up all extended date up to 30 June 2020 of Income Tax and GST, so that it may not create any confusion related to the due dates. I have distributed in two parts in […]
