Government has banned certain apps in June 2020 and September 2020 on concerns of security and to ensure safety and sovereignty of the Indian cyberspace. Many apps are available on each of the popular play store namely Google Play Store and Apple Store including competing apps with similar functionalities.
Section 206C of the Income Tax Act provides for the collection of tax at source (TCS) on the business of trading in alcohol, liquor, forest produce, scrap, etc. In order to widen and deepen the tax net, two new sub-sections (1G) and (1H) to section 206C has been inserted by the Finance Act 2020 with effect […]
Apeejay Infralogistics challenges denial of cost recovery charge (CRC) waiver by Customs for ICDs/CFSs. Get insights on regulatory disputes and cargo handling.
Industrial growth depends on a number of factors including structural, external, fiscal and industrial factors. The moderation in India’s industrial growth coincides with deceleration in growth of global output.
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 […]
