The introduction of PAS-6 by the Ministry of Corporate Affairs in pursuance to the sub-rule (8) of rule 9A of the Companies (Prospectus and Allotment of Securities) Rules, 2014 which was amended vide Companies (Prospectus and Allotment of Securities)Third Amendment Rules,2019.
PAS-6 Half-yearly Reconciliation of Share Capital Audit Report Rule 9A(8) of the Companies (Prospectus and Allotment of Securities) Rules, 2014 provides that every unlisted public company governed by rule 9A shall file Form PAS-6 within 60 days from the conclusion of each half year duly certified by a CS/CA in practice. In this form the […]
Every Unlisted Public Companies shall issue their securities in dematerialised form on or after October 02, 2018 and facilitate the dematerialisation of its existing securities in accordance with Depositories Act, 1996
Preamble: VAT has been introduced for the first time in Gulf countries as recommended by the Gulf Cooperation Council (GCC). In June, 2016 GCC countries signed the VAT Framework Agreement. There are six member countries in GCC, namely, Kingdom of Saudi Arabia (KSA), Bahrain, Qatar, UAE, Kuwait and Oman. VAT has been introduced in KSA […]
Deduction under Section 80C, Section 80CCC, Section 80CCD (Maximum amount of Income Tax deduction Rs. 1,50,000+Rs. 50,000) Deduction under Section 80C In order to calculate total income of an Individual & HUF certain payments are very important to claim deduction u/s 80. Hence to know about which type of payment that are eligible to deduct […]
Google Tax: India’s Tax perspective Introduction With ever evolving technological advancements, the businesses have found unique ways to operate their businesses just by relying on digital technology. As a result of the rapid technical development, the new business models have come with a set of new tax challenges in terms of connection, characterization and valuation […]
Ecommerce is a digital platform where supplier and customer make business transactions digitally. Ecommerce business is going to be popular day by day. It is spreading in vast level. I feel there is no such family spare in urban cities who has not used this ecommerce platform. The digital business is a boon in lock […]
Avoid income tax troubles by knowing the 7 common mistakes that can lead to an income tax notice. File your ITR correctly and on time.
We often get tempted by attractive offers and cashbacks offered by various vendors when we make digital payments. Online shopping websites and some stores are offering cashbacks on use of certain credit cards or mobile wallets to pay for the goods.
In any tax system registration is the most fundamental requirement for identification of tax payers ensuring tax compliance in the economy. Registration of any business entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the purpose of collecting tax on behalf of the government and to avail Input […]
