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Archive: 09 September 2021

Posts in 09 September 2021

Dumb Depreciation on Smart Mobile

September 9, 2021 27378 Views 2 comments Print

If ATM machine can be considered as a computer then why mobile phones and iPad? Considering change in technology, Mobile Phones should be considered as part of Computer and higher rate of Depreciation should be available to them.

Liability of Personal Guarantors Under IBC, 2016: Putting The Conundrum To Rest

September 9, 2021 2982 Views 1 comment Print

The Court rejected that the contention as to the CG having no authority to bring into force the provisions of the Code and in particular for the personal guarantors to corporate debtors.

Quashing of FIR against ex-director of ILFS cannot be presumed as a ‘Clean Chit’

September 9, 2021 2574 Views 0 comment Print

The FIR against the ex-director of IL&FS was quashed as when SFIO was probing the case, no other investigative agency was empowered to investigate into the affairs of IL & FS and its subsidiary companies for any offences under the Companies Act but the same did not allow a clean chit to assessee herein, as persons who was beyond a pale of doubt.

ITR filing increased to 3.2 lakh daily in September, 2021

September 9, 2021 6471 Views 5 comments Print

e-Filing portal of the Income Tax Department – updates The e-Filing portal of the Income Tax Department (www.incometax.gov.in) was launched on 7th June, 2021. Taxpayers and professionals have reported glitches and difficulties in the portal since then. The Ministry of Finance has been regularly monitoring the resolution of issues with Infosys Ltd which is the Managed […]

Cabinet approves MoU between ICAI and CAAR

September 9, 2021 696 Views 0 comment Print

Cabinet approves Memorandum of Understanding between The Institute of Chartered Accountants of India (ICAI) and The Chamber of Auditors of the Republic of Azerbaijan (CAAR) The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the for signing Memorandum of Understanding between The Institute of Chartered Accountants of India (ICAI) & The Chamber […]

Name Change of a Private Company

September 9, 2021 3228 Views 0 comment Print

A company may change its name due to many reasons such as change in objects of company, change in management of company, rebranding, restructuring, etc., the name of a private company can be changed at any time subject to the approval of shareholders and Central Government power delegated to Registrar of Companies via MCA Notification […]

ICSI clarifies on December 2021 Examination Enrollment

September 9, 2021 669 Views 0 comment Print

ICSI informed that submission of Examination Enrollment request for December 2021 Session will commence only after declaration of Result of June 2021 Exam Session held during 10th to 20th August 2021. The Enrollment process for December 2021 Exam Session will be active at least 15 days from the date of announcement of June 2021 Exam Result.

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