WHO CAN APPLY FOR DORMANT COMPANY STATUS? – Company for a future project and has no signification accounting transactions – Company holds an assets or intellectual property and has no signification accounting transactions 1. “Significant Accounting Transaction” means any transaction other than— Payment of fees to ROC; Payments made for fulfilling the requirements of this […]
INTRODUCTION: New Income Tax Portal was launched on 7th June, 2021 by CBDT (Central Board of Direct Tax). New Income Tax Portal i.e. ‘www.incometax.gov.in’ is been replaced by the old e- filing portal i.e. ‘www.incometaxindiaefiling.gov.in’. The individual who wants to file their returns has to file returns on this new portal now onwards. The portal […]
Food Safety and Standards (Labelling and Display) First Amendment Regulations, 2021 *FSSAI F. No. Std/SP-08/A-1.2019/N-02. Dtd. 10th September, 2021 The FSSAI has notified a new set of Regulations to amend the existing Food Safety and Standards (Labelling and Display) Regulations, 2020. These amendments are set to come into force w.e.f. the date of its publication […]
As per section 96 of the Companies Act, 2013, every company other than a One Person Company shall in each year hold in addition to any other meetings, a general meeting as its Annual General Meeting.
Advisory for Taxpayers regarding Generation of EWB where the principal supply is Supply of services. 1. Representations have been received from various trade bodies stating that they are not able to generate EWB bill for movement of those goods where their principle supply is classifiable as a service, since there is no provision for generating […]
Waived off loan means a situation wherein the lender voluntarily relieves a borrower of the obligation or liability to repay loan. This means that there is a surplus of cash/money in the hands of borrower and thus, a receipt in the hands of the borrower/assessee. Now the question is whether such waived off loan shall […]
Central Government guarantee of Rs.30,600 crore to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets was approved by Union Cabinet yesterday.
A total of 52 companies have filed their application with committed investment of Rs 5,866 crore under the PLI scheme to incentivize the domestic manufacturing of components of White Goods (Air conditioners and LED lights), applications for which closed on 15 September, 2021. The PLI Scheme was notified on 16.04.2021.
Evaluation of Risk of construction Project starts while reviewing the tender, decision to bid on a project shouldn’t be taken lightly. A company invests a great deal of time and resources into putting together a bid, so it’s important to make sure you are carefully identifying the right projects to go after. One way to […]
Infosys BPM Limited Vs JCIT (ITAT Bangalore) Order of assessment framed in the name of a non nonexistent entity after it ceased to be a subsisting entity, was ab-initio initio void and therefore, null in the eyes of law. On similar facts and circumstances of the case and law applicable, the ITAT, Bangalore bench in […]
