In view of difficulties arising due to the resurgence of Covid-19, there were general circulars issued by the Ministry of Corporate Affairs (MCA) on May 03, 2021, in Companies Act, 2013/Limited Liability Partnership Act, 2008 in respect of: ♦ Holding of Board Meeting ♦ Creation and Modification of Charge ♦ Filing of MCA form for […]
Almost every one of us uses some or the other application in our daily life which are developed by application developers and made available to the end users through online stores such as Play store. Now, an important question that might & should arise in the minds of the application developers that whether they are […]
Section 16 (2) of CGST ACT of 2017 This second proviso to section 16 (2) of the CGST ACT provides the where a recipient fails to pay to the supplier of goods or services or both, other than the suppliers on which tax is payable on reverse charges mechanism basis, the amount towards the value […]
Political contribution is always been a hot topic and the introduction of the same under the commercial law is mandatory and seen as an uplifting effect to the economy, as contribution are the most common source of campaign support, and Power and finance has always been the two most important pillars of an economic cycle […]
The CBDT has notified Income Tax (14th Amendment) Rules 2021, which laid down the rules relating to non-applicability of the provision of section 139A to non-resident, being eligible foreign investors making a transaction only in capital assets referred in clause (viiab) of section 47 in a specified manner. Also, this notification delegates some responsibilities on […]
In India every day, thousands of Trademarks Application are filed and it cannot be said that one of such trademark do not infringe or having similarity to your trademark. Therefore, one of key step to safeguard and protect your trademark is to Oppose such Similar or identical trademark and in this way the Trademark Opposition […]
What is an Aadhaar Card? An Aadhaar Card is a 12-digit identity document number issued by the Unique Identification Authority of India (UIDAI) that helps to create a unique identity code for Indian residents. After you place a request with the UIDAI, it assigns you the Aadhaar card after due demographic and biometric verification. Why […]
Non Convertible Debentures (NCDs)- Why I think it’s not a game of retail investors Non Convertible Debentures are those instruments that are issued by corporates having a fixed maturity period and carrying the fixed coupon/interest rate against the principal, entitling investors to reap fixed income against their investments. These instruments are generally in the nature […]
Understanding the Residential Status of an Individual under the Income Tax Act, 1961. Learn how income tax is charged and when to pay it.
As per the department of income tax, an income tax assesse who fails to file the return of income within the stipulated timeline can still submit the belated ITR. What is Belated return? Income tax return that is not furnished on or before the due date specified under Section 139 (1) is referred as belated […]
