Implementation plan for the two-pillar solution to address tax challenges of a digital economy Background In my earlier article dated July 19, 2021, I have given a brief overview of the Statement on a two‑pillar solution to address the tax challenges arising from the digitalisation of the economy (the Statement) that was agreed by 130 […]
You know that a company is a legal entity under provisions of the Companies Act,2013 separate from its promoters, members and other stakeholders. Being a corporate person an an artificial person a company does has its own mind to perform its business.
1. (1) These rules may be called the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.
Laxmi D. Gupta Vs ITO (ITAT Mumbai) ITAT: Telecom Distributor is exempt from TDS on Commission given directly to Retailers by Service Provider In the case, the Appellant is engaged in distribution of SIM cards and mobile recharge coupons of Uninor. During proceedings, upon perusal of financial statements, the AO disallowed the expenses claimed by […]
Coming to the term self-help. What does it mean? To enable people to gain some level of encouragement in life which would probably help them in achieving their dreams. It can be also be added as per their explanation, to ‘inspire’ people.
Reserve Bank of India Date : Oct 12, 2021 Action against Statutory Auditors of NBFC under section 45MAA of RBI Act, 1934 The Reserve Bank of India (RBI) in exercise of the powers vested under section 45MAA of the Reserve Bank of India Act, 1934, has, by an order dated September 23, 2021, debarred M/s […]
Reserve Bank of India Vs Srei Infrastructure Finance Limited (NCLT Kolkata) 1. The Court convened via video conferencing. 2. This is an application filed by the Reserve Bank of India (Appropriate Regulator) under section 227 read with section 239(2(zk) of the Insolvency and Bankruptcy Code, 2016 (in short “IBC”) for initiations of Corporate Insolvency Resolution […]
In re SKS Infra Projects (GST AAR Rajasthan) In the case at hand, the applicant had not furnished any documentary evidence to substantiate their proposed scope of work, mode of supply (i.e. whether supply of goods or service or both) in the form of any work Order, quantum of goods or service or both to […]
With an aim to encourage innovations and to promote entrepreneurship, the Government had launched the Start-up India Programme. The various tax benefits given to the recognised start-ups under the programme acts as a booster for the entrepreneurs. This article will drive you through the various tax benefits available to the Recognised Start-up entities under Income […]
In an important communication sent to @CimGOI Shri @PiyushGoyal today, we have urged the Govt to ensure that the word ‘Affiliate Entity’ must be made an integral part of the proposed E-commerce Rules to prevent abuse of customers & sellers both by way of dominance & monopoly. Confederation of All India Traders “Vyapar Bhawan” 925/1, […]
