♦ Introduction: When a Company’s business activities are distributed evenly across various states both on input side and output side, then the company shall be able to utilise the input-tax credit on inward supplies in each such state while offsetting it against tax on outward supplies made from each such state. However, in many cases, […]
Government of India Ministry of Electronics and Information Technology (MeitY) Electronics Niketan, 6 CGO Complex., Lodhi Road, New Delhi (India) -110003 No. 16(4)2020-CLeS Date: 5th June, 2021 Twitter Inc USA Sub: Compliance of the information Technology (Intermediary guidelines and Digital Media Ethics Code) Rules, 2021 – reg. Dear Mr. Jim Baker, This is with reference […]
As a part of Annual Filing, Companies incorporated under the Companies Act 1956 or Companies Act 2013, are required to file the following E-Forms with the Registrar of Companies (ROC) 1. Form DPT-3 :- DPT-3 is annual return which is required to be filed every year by Companies having any amount of loan or advances, […]
The Finance Act 2021, has widened the family base of the TDS Chapter by introducing a new member namely Section 194Q w.e.f. 1st July 2021. Likewise, Last year govt. introduced TCS on the Sale of Goods u/s 206C(1H). Earlier the applicability of TDS or TCS provisions were restricted to some specific items of Income or […]
My USA tax clients have started receiving third economic payment from Internal Revenue Service, * U S Treasury department, U S government. I am enclosing below the relevant website details for reference and shall cover the relevant information in this article. All information traces their origin to IRS website and I am totally bound by […]
The jurisdiction of a court determines the subject matter of the proceedings before it and interim reliefs are granted to protect such subject matter. To answer whether a testamentary court has the power to grant interim relief, it would be necessary to understand the jurisdiction of a testamentary court and the subject matter of proceedings […]
In India, when a common man thinks about incorporate any business entity, at the same time, too much options click in his mind with different entity structure; like Proprietorship, Partnership, LLP and Company etc. All structures have their pros & cons and legal requirements. His first decision impacts the future of the organization. So let’s […]
DSC to be re-registered afresh 7th June onwards on new Income Tax portal Please ensure that you re-register your current valid DSC on the new e-filing portal https://www.incometax.gov.in from June 7th onwards. The earlier DSC registration on the old portal cannot be migrated due to security and technical reasons. This is a system generated e-mail […]
On 29 Jan. 2021, the current Budget Session was presented by Prime Minister Narendra Modi to satisfy the political dissidents’ desires. To deal with COVID-19 induced lockdowns, several mini-budget-like packages were announced last year.
The resurgence of COVID-19 pandemic recently headed different regions/states of India into lockdown which escalated difficulties in instituting the cases and filing applications in the courts at all levels. The Supreme Court Advocate on Record Association (SCAORA) took note of such a daunting situation before the litigants and filed the interlocutory application before the Supreme […]
