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Archive: 11 March 2022

Posts in 11 March 2022

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 4749 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 18, 2024 4161 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!

Shifting of Registered office from One state to another (Step By Step Procedure) Private/Public/Listed Companies

March 11, 2022 12813 Views 0 comment Print

A Registered Office is the official address of an Incorporated Company, Association or any other legal entity duly registered with Ministry of Corporate Affairs at the time of incorporation. Generally it will form part of the public record and is required where the registered organization or legal entity is incorporated. A registered physical office address […]

RBI directs Paytm to not to onboard new customers

March 11, 2022 1062 Views 0 comment Print

Reserve Bank of India directed Paytm Payments Bank Ltd to stop, with immediate effect, onboarding of new customers. The bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system.

शपथ पत्र (Affidavit) Under Law

March 11, 2022 22674 Views 0 comment Print

The affidavit should essentially contain the details of the deponent for identification such as name, address as held by the Hon’ble Allahabad High Court in Harkrishan Khosla v. Alembic Chemical Works Co. Ltd.

Threshold turnover of e-invoice under GST reduced

March 11, 2022 5547 Views 0 comment Print

With the recent amendment made vide Notification No. 01/2022 – Central Tax dated 24-02-2022, more taxpayers will come under the ambit of compulsory issuance of e-invoice, as the threshold limit of turnover is being reduced to 20 Crores w.e.f 1st April 2022. The mechanism of e-invoicing was introduced in the year 2020 wherein the taxpayers […]

New Obligations for Companies in India (Applicable for Financial Statements as on 31st March, 2022)

March 11, 2022 63162 Views 2 comments Print

(A) Applicable from 01st April, 2021 (For the financial year ending on 31st March, 2022)  1. Amendments for the preparation of Financial Statements (Schedule III) (i) ‘Disclosure’ for the shareholding of the promoters (ii) Trade ‘Payables’ in the following ageing :-                (a) From 0 to 1 Year                (b) From 1 to 2 Year […]

Haryana govt allows reimbursement of SGST on film titled ‘The Kashmir Files’

March 11, 2022 2448 Views 0 comment Print

Government of Haryana has allowed for reimbursement of State GST on entry to exhibition of film ‘The Kashmir Files’ in cinemas theaters of the State from the date of this order subject to the following conditions: –

CBIC Notifies Rate of Exchange of Turkish Lira wef 12.03.2022

March 11, 2022 699 Views 0 comment Print

CBIC notifies Rate of Exchange of Turkish Lira against Indian Rupees with effect from 4th January, 2022 vide Notification No. 16/2022 – Customs (N.T.) | Dated: 11th March, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS New Delhi ***** Notification No. 16/2022 – Customs (N.T.) | Dated […]

Negotiated Large Trade facility on Stock Exchanges

March 11, 2022 366 Views 0 comment Print

In order to facilitate connects of recognised stock exchanges in IFSC with international exchanges, the price limits on NLT facility mentioned at clause 2(b) of circular dated June 22, 2021 may be aligned with the international exchange for such derivatives products that are having connect with any international exchange;

Guidelines for Scheme for Strengthening of Pharmaceuticals Industry (SPI)

March 11, 2022 1488 Views 1 comment Print

The Pharmaceuticals industry a key sector for achieving wellness for all Indians. It is also an important sector in terms of providing employment to trained personnel. Atmanirbhar Bharat envisages self-reliance in terms of healthcare products, among other things, for people of India.

Section 80CCD(1B) deduction – Contribution to National Pension System (NPS)

March 11, 2022 20568 Views 1 comment Print

Income Tax deduction Under Section 80C allows deduction in respect of investment LIC, Housing loan principal repayment, Children education fee etc.) and Under Section 80CCC allows deduction in respect of contribution for contract of annuity for receiving pension offered by LIC or other insurers). Total deuction under both Section 80C and Section 80CCC However, if […]

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