Annual Information Statement (AIS) – Interest from infrastructure debt fund under section 115A(1)(a)(iia) On 1st November 2021, the Income Tax Department launched a comprehensive statement named ‘Annual Information Statement’. Once fully validated and operational, Annual Information Statement (AIS) will replace the existing Form 26AS. Along with AIS, the Income Tax Department also launched a summarized […]
Annual Information Statement (AIS) – Interest from specified company by a non-resident u/s 115A(1)(a)(iiaa) Section 285BB of the Income Tax Act, 1961 read with rule 114-I of the Income Tax Rules covers the provisions relating to ‘Annual Information Statement’. An annual Information Statement is a comprehensive statement that contains various detailed information. One such information […]
According to RBI’s latest bulletin, the Indian economy is poised to regain the ground lost to the pandemic and re-emerge as among the fastest growing countries in the world, supported by the decadal low interest rates, softening inflation and a modest current account surplus. The Indian economy is clearly differentiating itself from the global situation, […]
Learned counsel for the petitioner has vehemently urged that the royalty payment is tax and not consideration in the context of the privilege parted by the State allowing the petitioner and others to mine sand. That being the nature of the payment made by the petitioner, the same is not amenable to GST as it is not consideration either for sale of goods or service provided.
ओमिक्रोन वायरस के आगमन के साथ ही देश विदेश हर जगह नये तौर तरीकों को पदार्पण और नियमों का गठन जरूरी हो चुका है. वित्तीय, व्यापारिक और सामाजिक ढांचे में बदलाव अब समय की मांग है, खासकर इन क्षेत्रों में सरकार और समाज को नये नियम बनाने होंगे: 1. वित्तीय क्षेत्र: वित्त की उपलब्धता के […]
About Legal Entity Identifier (LEI) Code for Companies After the Global Financial Crisis, the Legal Entity Identifier (LEI) code was created as a vital measure to improve the quality and accuracy of financial data systems for improved risk management. The LEI was created to help control counterparty risk by allowing the identification and linkage of […]
eForm FC-3 – Annual accounts along with the list of all principal places of business in India established by foreign company Part I – Law(s) Governing the eForm FC-3 Section and Rule Number(s) eForm FC-3 is required to be filed pursuant to Section 381 of the Companies Act, 2013 and Rule 4, 5 and 6 […]
eForm FC-2 – Return of alteration in the documents filed for registration by foreign company Part I – Law(s) Governing the eForm FC-2 Section and Rule Number(s) eForm FC-2 is required to be filed pursuant to Section 380(3) of the Companies Act, 2013 and Rule 3(4) of the Companies (Registration of Foreign Companies) Rules, 2014 […]
eForm DIR-12 – Particulars of appointment of Directors and the key managerial personnel and the changes among them Part I – Law(s) Governing the eForm DIR-12 Section and Rule Number(s) eForm DIR-12 is required to be filed pursuant to Sections 7(1) (c), 168 & 170 (2) of the Companies Act, 2013and Rule 17 Of Companies […]
Part I – Laws Governing the eForm SH-7 Section and Rule Numbers eForm SH-7 is required to be filed pursuant to Section 64 (1) of the Companies Act, 2013 and rule 15 of Companies (Share Capital & Debentures) Rules, 2014 which are reproduced for your reference: Section 64(1): (1) Where— (a) A company alters its […]
