What are intellectual property rights? Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time. The most well-known types are copyrights, patents, trademarks, and trade secrets. The modern concept […]
Finance Act 2020 introduced Section 206C(1H), where a person who is a seller and receives consideration for the sale of goods of value or aggregate value which exceeds Rs 50 lakhs in the previous year shall, at the time of receipt of money, collect TCS at the rate of 0.1% of the value exceeding Rs […]
‘194Q. (1) Any person, being a buyer who is responsible for paying any sum to any resident (hereafter in this section referred to as the seller) for purchase of any goods of the value or aggregate of such value exceeding fifty lakh rupees in any previous year, shall, at the time of credit of such […]
Section 28(1) of FSS Act, 2006 stipulates that If a food business operator considers or has reasons to believe that a food which he has processed, manufactured or distributed is not in compliance with this Act, or the rules or regulations, made thereunder, he shall immediately initiate procedures to withdraw the food in question from the market and consumers indicating reasons for its withdrawal and inform the competent authorities thereof.
No additional fees upto 31st August, 2021 on forms under Companies /LLP Act due for filing during 1st April, 2021 to 31st July, 2021. The Ministry of Corporate Affairs (‘MCA’) vide today General Circular No. 11/2021 dated 30.06.2021 has extended the time given under earlier General Circular No. 06/2021 dated 03.05.2021. By today General Circular […]
Office Order No. 166 of 2021| Dated: 30.06.2021 On promotion, the transfer/postings of the following officers in the grade of Pr. Chief Commissioner of Income Tax/Pr. Director General of Income Tax, are hereby ordered with immediate effect and until further orders:
HOW TO HAVE YOUR START-UP Important steps to get started 1. Check the feasibility of your idea. 2. Have your business plan ready. 3. Choose the right business structure. 4. Look for funds. 5. Register in Government Schemes 6. Intellectual properties such as Trademark and Patents 7. Build a good digital presence. I 8. Get […]
I. Introduction In the previous article ‘IFC Reporting- Fresh Perspective beyond Compliance’, we have covered when the IFC will be applicable, the Responsibility of Management and Auditor while implementing IFC, advantages,and importance of IFC along with a case study. In this article, we are going to cover how the implementation of IFC will lead to […]
Bank of India – Kirkee Branch Vs ITO (ITAT Pune) Conclusion: In present facts of the case, it was held by the Hon’ble Tribunal that expired time limit does not get revived with the extended time limit inserted later on. Held: In present facts of the case, the assessee-bank accepted deposits from its customers, on […]
Santosh Kumar Gupta Vs Union of India (Orissa High Court) The genesis of the case relates to the search conducted on 29.02.2020 in the office premises of M/s. Pacific Packaging Industries which is a proprietorship concern of the Petitioner by the Senior Intelligence Officers of the Directorate General of Goods and Services Tax Intelligence. In […]
