SEBI has amended the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulation) in short. SEBI has notified the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2021 on 5th May 2021. Though the SEBI has amended many regulations but here I am […]
TO WHOMSOEVER IT MAY CONCERN Reference : Communication on section 206AB of the Income Tax Act, 1961. Subject : Confirmation of Turnover, Pan and Income Tax Return Filing details for the purpose of determining rate of Tax Deduction at Source/Tax Collection at Source Dear Sir/M’adam, We, ‘XYZ Private Limited’ do hereby confirm that we have […]
The Ministry of Corporate Affairs vide its notification dated 15th June, 2021 further amended the Companies (Meetings of Board and its Powers) Rules, 2014 and makes rules, the Companies (Meetings of Board and its Powers) Amendment Rules, 2021. This governing step of ministry ensures the businesses, to carry on their important matters to be dealt […]
With the pandemic and people being locked inside the house, new channels with vloggers are popping up on a rapid note. To understand the GST impact on revenue generated from You tube channel it is very much important to understand the pattern of hosting a channel and posting videos and earning revenue out of it. […]
It is for the very first time that purchases are proposed to be subject to TDS, the provisions of TDS on purchases were recently introduced vide the Finance Act, 2021 through the insertion of section 194Q. TDS on purchases is similar to other TDS provisions, except for the fact that the rate of TDS is […]
Due to unprecedented Covid-19 pandemic, several companies are struggling to raise finance and listed companies are not an exception. For this SEBI offers various relaxations for rights issues which can help listed companies to quickly raise funds to meet these requirements. Rights issue can be of different types and the company may choose any one or combination of them to suit […]
Pursuant to the GST Council recommendations in their 44th meeting held on 12th June 2021 via video conferencing, CBIC has issued notifications relaxing GST rate on goods being used in Covid – 19 relief and management. The changes are summarized in below for ease of understanding – A. Reduction in GST rates for goods used […]
The notfns issued by CBIC on 14.6.2021 are totally revenue oriented & are against the ratio decidendi of Delhi High court judgment in the case of Gurcharan Singh v. Ministry of Finance & Ors.(2021) J.K.Jain’s GST & VR 493, against which the Govt. has intentionally obtained stay in the case of Ministry of Finance (Deptt. of […]
The Ministry of Corporate Affairs (MCA) has notified new E-form AGILE-PRO-S vide The Companies (Incorporation) Fourth Amendment Rules, 2021. E-form AGILE-PRO-S has been introduced for easy company incorporation along with other registrations of the GSTIN, ESIC, EPFO Profession tax Registration, Opening of bank account and Shops and Establishment Registration. Vide the notification, the earlier AGILE […]
TDS/ TCS on Non- filers of ITRs at Higher Rates U/s 206AB and 206CCA of the Income Tax Act, 1961 (effective from 01.07.2021). Article contains Analysis of Section 206AB, Analysis of Section 206CCA, Sample format of Declaration To Be Obtained From Parties For Not Imposing Higher TDS/ TCS Rates As Per Section 206AB/ 206CCA of […]
