Limited Liability Partnership (LLP) is a combination of a company and a partnership firm. It has limited liability of a company and flexibility of a partnership. An LLP is governed by the provisions of Limited Liability Partnership Act, 2008. The vary purpose of introduction of this new form of business entity is to provide a […]
The information as to whether office addresses of the Police Stations, Assistant Commissioners of Police & Deputy Commissioner of Police posted in sub-divisions/districts/units, Additional Commissioners of Police, Joint Commissioners of Police, Special Commissioners of Police and Commissioner of Police, Delhi are available on the official website of Delhi Police, has been answered in affirmative by […]
Let us learn the achievements of RBI during the pandemic, its noble goals of alignment with the long-term objective of streamlining regulatory and supervisory framework across regulated/supervised entities to maintain conformity among global practices. RBI while harnessing technology for customer services, undertook fraud detection and consumer protection also as its concurrent objectives. Capacity building of […]
Name change process of Private Company: Steps for name change 1. Board approval for new name 2. Approval of name in RUN form 3. Approval letter 4. EGM for Member approval 5. Form filling to MCA- MGT-14 and INC-24 6. On approval New COI issued by ROC 7. Name change in PAN, TAN, bank account, […]
On commencement of regular assessment proceedings u/s 143(2) of Act , there is no need for intimation u/s 143(1)(a)(i) Where the summary procedure under section 143(1)(a)(i) has been adopted, there is scope available for the revenue to make assessment u/s 143(3) of the Act. But the converse is not available. A regular assessment proceeding having […]
In this Volume of GST & Corporate Tax Weekly Newsletter dated 17.07.2021, I bring to you highlights of recent updates, important judgments of last week &Compliance Calendar for the upcoming week in the field of indirect taxation and direct taxation to keep you abreast of all the latest happenings. 1. GST Updates CBIC clarifies on Hon’ble […]
Section 77 of CGST Act, 2017 read with Section 19 of IGST Act, 2017 governs the provisions for Tax wrongfully collected and paid to Central Government or State Government. The same is decided in the case of Shree Nanak Ferro Alloys (P.) Ltd. v. Union of India and details thereof are as follows:- ♦ Facts […]
Pending Refunds – No Statistical Data maintained by Centralized Processing Centre (CPC), Income Tax Department The Centralized Processing Centre (CPC), Income Tax Department has informed that it does not maintain the statistical data pertaining to the ‘Refunds (pending to be released by the Assessing Officers’ as applicable for each Circle/ Zone/ City and the country […]
The Ministry of Corporate Affairs (MCA) wide 2 different notifications dated 22 July, 2021, notifies Companies (Incorporation) Fifth Amendment Rules, 2021 and Commencement of Section 4 of the Companies (Amendment) Act, 2020 So let us discuss these notifications in detail in this article. Summary/ Gist of Notifications Insertion of Rule 33A- Allotment of a new […]
The Delhi Police (Additional Deputy Commissioner of Police-I, District Shahdara, Delhi) has informed that the police has no power to seal or lock the private/public property. NOTE : The redacted portions as are marked in ‘Grey/White Colour’ in the PDF file attached/uploaded herewith, contain personal information. Further, the highlighted portions as are marked in ‘Yellow […]
