Income Tax Department carried out a search operation under section 132 of the Income – tax Act, 1961 on 22.07.2021 on a prominent business group, which is involved in businesses in various sectors, including Media, Power, Textiles and Real Estate, with a group turnover of more than Rs. 6,000 crore per annum.
The 161st anniversary of Income Tax Day was observed by Central Board of Direct Taxes (CBDT) and all its field offices across India here today. As part of the observance, the field formations held a range of activities.
There is a new energy in our startups space. In just first 6 months of 2021, India has been to see 15 more unicorns . This was said by Shri Piyush Goyal while addressing the Plenary Session of CII- Horasis India Meeting 2021 on India’s Emerging Industry & Trade Architecture
CORPORATE SOCIAL RESPONSIBILITY Corporate Social Responsibility (CSR) is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives (“Triple- Bottom-Line- Approach”), while at the same […]
INTRODUCTION In this catastrophe of pandemic COVID-19, we’ve got seen the fast of labour in the workplace is currently speedily transiting into work from home. The staff has to be compelled to leave the workplace house and currently functioning from their own homes or distant areas. The question within the mind of many of the […]
One word which stand synonym to GST from compliance perspective is RECONCILIATION! Most of the Consultant’s time or the taxation team of any organization is spent in preparing and undertaking several reconciliations under GST. Because of the same, the demand and market for tax technology solutions have thrived and prospered. Several consulting firms now have […]
Save on your income tax with home loans: Learn about the various tax benefits available on the repayment of principal and interest.
SEARCH REPORT OF XYZ (INDIA) PRIVATE LIMITED. SEARCH REPORT XYZ (INDIA) PRIVATE LIMITED (CIN: 0000) We have carried out the search, on….. vide SRN……….. of the documents of ‘XYZ (INDIA) PRIVATE LIMITED‘ as available on the official website of the Ministry of Corporate Affairs i.e. www.mca.gov.in. We hereby submit our report in this regard as under: General […]
Section 42 of the Companies Act, 2013 (‘CA 2013’) relating to private placement norms for issue of securities, was substituted by the Companies (Amendment) Act, 2017 w.e.f. 07.08.2018. Simultaneously, Companies (Prospectus and Allotment of Securities) Rules, 2014 was amended by the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2018 w.e.f. 07.08.2018. The amendments […]
Your support by reducing Performance Bank Guarantees to 3% from 10% is appreciable but all banks are keeping claim period of every bank guarantee as 12 months though customers generally asked for 30 days to maximum 90 days. The banks change the same 12 months claim period beside the validity period of performance bank guarantee.
