The number of jobs self-reported by DPIIT Recognized startups, as on 6th September 2020, year-wise, for the last three years is as follows. No data on contribution to GDP by Start-ups is maintained by the Department for Promotion of Industry and Internal Trade.
Whether disallowance under section 14A of the income tax act, 1961 is related with earning of actual income or notional/anticipated income? Most of taxpayers under Income tax act, 1961 afraid to file appeal against additions made by assessing officers due to fear of departmental procedures/penalty/bar/attachment in the thought process of normal taxpayers. however, most of […]
Government has integrated Industrial Information System (IIS) portal with the GIS System of six States in first phase to provide updates on land availability and plot level information to investors anywhere in the world on real time basis and help them make informed decisions.
Export Promotion Councils (EPCs) are organizations of exporters, set up under the Societies Registration Act/ Companies Act, with the objective of promoting Indian exports.
Highlights of amendments under Companies (Amendment) Bill, 2020 The Lok Sabha on Saturday passed a Companies (Amendment) Bill, 2020 to further amend around 48 sections of the Companies Act, 2013 by decriminalizing various non-compoundable offences in case of defaults, but not involving frauds, omitting imprisonment for various offences which were considered procedural and technical in […]
Indian Businesses with Overseas Direct Investment (ODI) await clarifications – Are the regulators listening? Indian entrepreneurs found the outlet to tap into the foreign markets and mark their presence in foreign lands, thanks to liberalization brought in by Foreign Exchange Management Act 1999 (FEMA), allowing much-needed relaxation. Necessary changes have been made in regulations under […]
e-Invoicing under India GST is proposed to applicable from 1st October,2020. Index Of Discussion topics > What is an e-Invoice > Applicability of e-invoice compliance > Time limit for reporting invoice > Current transaction flow > New transaction flow > Process of issuing e-invoice > e-invoice Cancellation process > ERP Integration flow What is an […]
One revisits good schemes introduced some time back and forgotten due to a sudden change of fortune in the economy, temporarily. Let me enthuse you with some gems under the aegis of NSE, a world-famous investment platform to benefit all investment-related stakeholders. Let me introduce you to NSE – Emerge which is a credible and […]
RBI’s clear directions on implementing cKYC for new clients Last month my article on the subject ‘cKYC mechanism becomes a mockery & wastage of country’s resources‘, was published on your popular website. The link is given below for those who wish to read it. https://taxguru.in/finance/ckyc-mechanism-become-mockery-wastage-countrys-resources.html To ensure the success cKYC the mechanism I had suggested […]
Notification No. 91/2020-CUSTOMS (N.T.) dated 24th September, 2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 91/2020-CUSTOMS (N.T.) New Delhi, 24th September, 2020 2 Asvina, 1942 […]
