Taxes are the largest source of revenue for the government. Taxes collected are used for governmental activities with aim of nation-building and its development. As per Article 265 of the Constitution of India, ‘No Tax shall be levied or collected except by authority of law’. India is a federal state where both the Centre and […]
This write-up covers the effect of the amendments to Section 92(3), 134 (3)(a) of the Companies Act, 2013 and Rule 12 of the Companies (Management and Administration) Rules, 2014 including the latest amendment to Rule 12 with the Companies (Management and Administration) Amendment Rules, 2021 dated 05.03.2021, and addresses the questions- “Whether an Extract of […]
TDS on purchase of goods under Section 194Q (Circular No. 13 of 2021) Article covers Section 194Q- TDS on Purchase of Goods. ( Clarifying Guideline ), Section 206C(1H) – TCS on sale of Goods, Section 206AB/206CCA – Higher TDS/TCS Rate For Non Filer of Income Tax Return and Section 194O – TDS on Payments Made […]
(1) This Act may be called the Central Universities (Amendment) Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
Learn about the simplified version of IND AS 24 & IAS 24 for related party disclosures. Get insights into the changes incorporated as per the Companies (Indian Accounting Standards) Amendments Rules 2021.
13th August, 2021 Announcement Extending the date for completion of ICITSS (ITT and OC) for provisionally registered students through Direct Entry Route for appearing in May, 2022 Intermediate Examination
Whether before applying to Magistrate under Section 156(3) Cr.P.C., a person is obliged to make an application under Section 154(3) Cr.P.C.? The main question involved in the Civil Appeal No. 1650 of 2020 [Dena Bank (now Bank of Baroda) v C Shivakumar Reddy & Anr.] before the Hon’ble Supreme Court of India was as- First, […]
THE TRIBUNALS REFORMS ACT, 2021 NO. 33 OF 2021 An Act further to amend the Cinematograph Act, 1952, the Customs Act, 1962, the Airports Authority of India Act, 1994, the Trade Marks Act, 1999 and the Protection of Plant Varieties and Farmers’ Rights Act, 2001 and certain other Acts.
THE INLAND VESSELS ACT, 2021 NO. 24 OF 2021 An Act to promote economical and safe transportation and trade through inland waters, to bring uniformity in application of law relating to inland waterways and navigation within the country, to provide for safety of navigation, protection of life and cargo,
THE ESSENTIAL DEFENCE SERVICES ACT, 2021 is An Act to provide for the maintenance of essential defence services so as to secure the security of nation and the life and property of public at large and for matters connected therewith or incidental thereto.
