Transfer of Equity Shares of Unlisted Company- Capital Gains Perspective Applicability of Section 50CA: In case of sale of Unlisted Equity Shares, first thing we have to check that whether the sale consideration is less than the Fair Market value (FMV) or not. If shares are transferred at a price which is less than FMV, […]
43rd GST COUNCIL MEETING AT A GLANCE 1. COVID RELIEF ITEMS : No IGST shall be charged on certain items like medical oxygen, oxygen storage, medical . . . equipment, test kits, vaccines etc. till 31.08.2021. ↓ FM has also constituted a group of ministers (GOM) who will decide other COVID related individual items. Also […]
A One Person Company (OPC) is best suited for people who wish to be sole entrepreneurs. It is a new concept introduced by Companies Act, 2013 to encourage the objective of ease of doing business by providing a sole person with the opportunity to work with the benefits of a company i.e., an OPC offers […]
(1) These regulations may be called the Sea Cargo Manifest and Transhipment (Third Amendment) Regulations, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.
Tariff Notification No. 49/2021-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 31st May, 2021 Notification No. 49/2021-Customs (N.T.) S.O. 2097(E).—In exercise of the powers conferred by sub-section (2) of […]
Result of 43rd GST Council Meeting held on 28th May 2021 1. Extension Of Due Date Of Filing GSTR-4 For FY 2020-21 To 31.07.2021.(Annual Return For Person Opted For Composition Scheme) 2. Extension Of Due Date Of Filing ITC-04 For Quarter ended March 2021 To 30.06.2021.(Details Of goods Dispatched to a Job Worker Or Received […]
We are well aware of the recent rationalization of provisions being made with respect to the transfer of capital asset to a partner on the dissolution or reconstitution of a firm or other Association of Persons (AOP) or Body of Individuals (BOI) (not being a company or a cooperative society) or otherwise.
This question come in the minds of many how to save tax when we sale or transfer residential house property and then invest those amount to buy any other asset. Income tax provides tax exemptions to individual or HUF who sold his old house and from the sale proceeds he purchased another house. Under Section […]
Analysis of GST Amensty Scheme & Relaxations in due dates of GST RETURNS as per 43rd GST Council meeting : Today I will discuss GST Amensty Scheme and New due dates for Month of March, April and May 2021- Amnesty Scheme to provide relief to taxpayers regarding late fee for pending returns: To provide relief […]
Nothing in this material world is immortal. One born is sure to die. The only things certain in life are death and taxes. This is equally applicable to companies as well. A company loses its perpetual existence when it is dissolved. The Companies Act, 2013 (Act) provides for various modes by which a company can be dissolved such as striking off, winding up, amalgamation etc.
