The amendments to the CSR provisions brought by the Companies (Amendment) Act, 2020, (‘CAA, 2020’) have finally been made effective by MCA, vide its notification dated January 22, 2021. Along with this, MCA has notified the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 Definitions: Corporate Social Responsibility(CSR) Corporate Social Responsibility (CSR) means the activities […]
There has been a significant increase in the curiosity of investors about buying unlisted shares. India has seen emergence of many unlisted companies which are doing well in terms of valuation. Success stories of startups commanding mind blowing valuation has drawn attention of many investors. There has been some news about of shares of IPL […]
All Sections of GST Law For Fraudulent Practice by Taxable Person Like Fake Invoicing /Bogus Billing INPUT TAX CREDIT’ Section 16 (2): Eligibility and conditions for taking input tax credit (2) Notwithstanding anything contained in this section, no registered person shall be entitled to the credit of any input tax in respect of any supply […]
Section 206AB:– Special provision for deduction of TDS for non-filers of income Tax Return at Higher Rates (Sec-51 of Finance Bill:-After section 206AA of the Income-tax Act, the following section shall be inserted with effect from the 1st day of July, 2021) Section 206CCA:– Special provision for collection of TCS for non-filers of income Tax […]
If one is sure that he wants to invest but is unaware of the right time to begin investing, then this article is surely for you. Most of the studies and surveys made towards this came to a conclusion that the earlier you invest, the greater are the profits recorded by you. The best time […]
Every professional have confusion regarding rotation of Directors I.e. Director Retire by Rotation so let’s make it simple: – Applicable Section: – Section 152(6) of companies Act, 2013 Eligibility: This section is applicable on only Public company and Private limited Company which is subsidiary of a public Company (Deemed Public Company) Retire by Rotation not […]
Form 26AS Can Be Verified And Seen By Different Modes As Below:- Through Logging in at e-filing portal. ♦ Login to e-filing portal at www.incometaxindiaefiling.gov.in ♦ Go to ‘my account’. ♦ View ‘Form 26AS (Tax Credit)’. ♦ Confirm to redirect to “TDS TRACES CPC’ website. ♦ Click on “View Tax Credit (Form 26AS)’ ♦ Select […]
GST E-invoice- How to handle the ERP scenario where sales accounting entry is posted in the books but IRN generation has failed due to any IRP validation error? Imagine a situation where the transaction is sent for IRN generation to the IRP and due to any reason or any validation error, the IRN generation Fails […]
The Hon’ble Tripura High Court in Union of India v. M/S. Dharampal Satyapal Ltd. [Central Excise Appeal No.01/2019 and Central Excise Appeal No.02/2019, dated March 22, 2021] upheld the judgment passed by the CESTAT, Kolkata allowing the assesse to avail the benefit of notification granting conditional exemption from the of the duties of excise/ other […]
STEPS FOR ONLINE CHANGE REQUEST Step – 1 Visit: https://tin.tin.nsdl.com/tan/changeRequest.html Read the guidelines carefully and click the drop-down and ‘select’ the appropriate tax entity seeking correction of TAN data, below the section ‘Apply for changes or correction in TAN Data’. Step – 2 Fill the online ‘Application for changes or correction in TAN data for […]
