As per the definition of ‘Person’ under section 2(31) of the Income Tax Act, 1961, which includes : (i) an individual, (ii) a Hindu Undivided Family, (iii) a company (iv) a firm, (v) an association of persons or a body of individuals, whether incorporated or not, (vi) a local authority, (vii) every artificial juridical person, not […]
CA Mahesh Agarwal TDS (Tax deduction at source) and TCS (Tax collection at source) are one of the major sources of regular and advance collection of Taxes by the Government. In this endeavor government has made various provisions in the Income Tax Act to cover vast economic activities for deduction or collection of taxes at […]
OI Case No.-18/2020 Final Findings-Anti-dumping investigation concerning imports of Aluminium foil 80 microns and below originating in or exported from China PR, Malaysia, Thailand and Indonesia.
In case of delay on the part of an individual in applying to the institute under sub-rule (7) for inclusion of his name in the data bank or in case of delay in filing an application for renewal thereof, the institute shall allow such inclusion or renewal, as the case may be, under rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014 after charging a further fees of one thousand rupees on account of such delay
Government notified Actuaries (Procedure for Inquiry of Professional and Other Misconduct) Amendment Rules, 2021 vide Notification no. G.S.R. 417(E) dated 18th June, 2021 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 18th June, 2021 G.S.R. 417(E).—In exercise of the powers conferred by clauses (c) and (d) of sub-section (2) of section 55 […]
1) These rules may be called the Securities Contracts (Regulation) (Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.
(1) These rules may be called the Companies (Indian Accounting Standards) Amendment Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.
Applicability of TDS on NGOs’ Payment: TDS is also applicable to the NGOs. There is no general exemption that Trust, Society or Non Profit Organizations are exempt from deducting and paying TDS. It depends on the Financial Transactions and limits of TDS specified every year in the Financial Act. Thus if NGOs makes payments to […]
IMPORTANT DEFINITIONS: 1. Issuer: means a company or a body corporate authorized to issue specified securities under the relevant laws and whose specified securities are being issued and/or offered for sale in accordance with these regulations. 2. Specified Securities: means equity shares, fully convertible debentures, partly convertible debentures or any other securities, which would be […]
we recommend that the existing portal which was running smoothly, be continued during the parallel implementation of new Portal for one full Tax filing season, to ensure timely compliances of all background processes of Income Tax including tax collection.
