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Archive: 26 October 2021

Posts in 26 October 2021

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 16, 2024 3876 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 14, 2024 3501 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

MCA allows LLPs to file form 8 without additional fess till 30.12.2021

October 26, 2021 45075 Views 8 comments Print

It has been decided to allow LLPs to file Form 8 (the Statement of Account and Solvency) for the Financial Year 2020-2021 without paying additional fees upto 30th December, 2021.

Guidelines on Exemption to Sovereign Wealth & Pension Funds

October 26, 2021 1854 Views 0 comment Print

CBDT clarifies that eligibility of exemption under clause (23FE) of section 10 of the Act shall be as follows: – (a) if the loans and borrowings have been taken by the specified fund or any of its group concern, specifically for the purposes of making investment by the specified fund in India, such fund shall not be eligible for exemption under clause (23FE) of section 10 of the Act;

SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2021

October 26, 2021 1452 Views 0 comment Print

These Regulations may be called the Securities and Exchange Board of India (Foreign Portfolio Investors) (Second Amendment) Regulations, 2021.

SEBI authorizes practicing Cost Accountants to issue share reconciliation capital audit report

October 26, 2021 5853 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2021.

SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2021

October 26, 2021 2055 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2021.

National Institutes of Food Technology Entrepreneurship and Management Rules 2021

October 26, 2021 375 Views 0 comment Print

(1) These rules may be called the National Institutes of Food Technology Entrepreneurship and Management Rules 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

डायरेक्ट सेलिंग नेटवर्क के माध्यम से ही मुनाफाखोरी को रोका जा सकता है

October 26, 2021 1134 Views 0 comment Print

खाद्य पदार्थों, दवाईयों और अन्य जरुरी सामग्री के मंहगी होने के प्रमुख वजह मुनाफाखोरी ही है. उत्पादक और उपभोक्ता के बीच बिचोलियों का होना और ज्यादा मुनाफे की चाह ने अनैतिक मुनाफाखोरी, मिलावटखोरी और कालाबाजारी को जन्म दिया जिससे न केवल मंहगाई बढ़ी बल्कि आम व्यक्ति का जीवन मुश्किल कर दिया. उपरोक्त तथ्य से साफ […]

GST: Goods and Services Tax

October 26, 2021 5745 Views 0 comment Print

Innovation of GST In any welfare state, it is the prime responsibility of the government to fulfill the increasing developmental needs of the country and its people by way of public expenditure. France was the first country to implement the GST in 1954, since then an estimated 160 countries have adopted this tax system in […]

Whether GST credit allowed on Construction of factory shed?

October 26, 2021 30432 Views 0 comment Print

As per section 17(5)(d)-goods or services or both received by a taxable person for construction of an immovable property (other than plant or machinery) on his own account including when such goods or services or both are used in the course or furtherance of business. So, from above section it is quite clear that ITC […]

SC: Nature of levy cannot be determined with nomenclature ascribed to Tax

October 26, 2021 2253 Views 0 comment Print

The nomenclature that the legislature had ascribed to the tax did not determine either the nature of the levy or its true and essential character. The tax had been labelled as the water tax or a sewerage tax simply because it was imposed by the Jal Sansthan constituted under the UP Water Supply and Sewerage Act. That did not alter the nature of the levy which in substance was a tax on lands and buildings within the meaning of Entry 49 of List II of the Seventh Schedule.

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