Micro, Small and Medium Enterprises which are the backbone of the Indian economy in terms of their contribution to the country’s GDP, Exports, employment generation and inclusive growth, require to be nurtured effectively so that they maintain their health. The COVID-19 pandemic has been a setback to the sector and its impact is expected to push many […]
India issues comprehensive guidance on cross-border tax dispute resolution India on 7 August issued detailed guidance on the procedure for resolving cross-border tax disputes under the mutual agreement procedure (MAP) set out in India’s tax treaties with other nations. The guidance addresses critical issues that arise during the MAP process, benefiting not only taxpayers and […]
Goods and services tax regime brings alot of seamless flow in indirect tax regime. However, due to current developments and technology advancement it is very important to built a computerized network. hence, to bring the drastic change CBIC has developed GSTN (Goods and services tax network) to enhance durability and efficiency in indirect taxation. Due […]
CHECKS FOR ISSUE OF BONUS SHARES Check whether Authorized capital is sufficient for issue of Bonus Shares. 1. If Authorized capital is enough to issue bonus shares then it’s ok. 2. If authorized capital is not enough then first alter the Capital of Company by alteration in MOA. Check Provision for Bonus issue in Article […]
Understand the amendments to the Indian Stamp Act, 1899. Learn how the changes affect the duty levied on transactions in the securities market.
♦ Sec – 164(1): A person shall not be eligible for appointment as a director of a company, if: a. he is of unsound mind and stands so declared by a competent court; b. he is an un-discharged insolvent; c. he has applied to be adjudicated as an insolvent and his application is pending; d. […]
The Insolvency and Bankruptcy Code, 2016 (Code) consolidates and amends the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of the value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders.
Faceless Assessment, duly supported by Paperless and Contactless Customs clearance processes, is a critical reform. The pilot programme of Faceless Assessment was launched in Chennai on 14.08.2019 for electrical machineries falling under Chapter 85 of the Customs Tariff Act, 1975.
The concept of TDS under Income tax act is a common procedure and the object of TDS to collect tax from the very source of income. As per TDS concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the […]
Request for extension of due date of filing Return of Income (ITR), Tax Audit Report and Transfer Pricing Report for the Assessment Year 2020-21 by Chamber of Commerce and Industry. Dated- 08/09/2020 Mr. P.C. Mody, IRS Chairman Central Board of Direct Taxes Department of Revenue Ministry of Finance Government of India North Block New Delhi-110 […]
