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Archive: 14 June 2022

Posts in 14 June 2022

Is GST the Solution to Control the Skyrocketing Petrol Price?

June 14, 2022 1551 Views 0 comment Print

Is GST the solution to control skyrocketing petrol prices in India? Explore the impact of including petrol and petroleum products under the GST regime.

Flood & Inundation’ insurance includes damage by heavy rains: SC

June 14, 2022 4023 Views 0 comment Print

Coverage of ‘Flood & Inundation’ insurance includes damage caused by heavy rains and not just overflowing of river.

What is Bootstrapping ?

June 14, 2022 1701 Views 0 comment Print

Learn the ins and outs of bootstrapping in startup funding. Discover how entrepreneurs build their businesses from their own sources.

High Value Cash Transactions & Mandatory Return Filing (ITR)

June 14, 2022 11370 Views 0 comment Print

Understand the importance of High Value Cash Transactions & Mandatory Return Filing (ITR). Section 285BA requires certain entities to furnish financial transaction statements.

Changes in ITBA functionalities for Faceless Assessment

June 14, 2022 6720 Views 0 comment Print

Roll out of first phase of changes in ITBA functionalities for Faceless Assessment due to amendments in Section 144B by Finance Act, 2022. National Faceless Assessment Centre, Delhi 4th Floor, Mayur Bhawan, Connaught Lane, Connaught Place, New Delhi 110001 NaFAC/Delhi/CIT-I/2021-22/105 /49 | Dated: 14/06/2022 To, All PCCIT (CCA) Sub: Roll out of first phase of […]

Section 80JJAA Deduction for employment of new employees

June 14, 2022 8052 Views 0 comment Print

Learn about Section 80JJAA Deduction for employment of new employees. Find out how you can get a deduction of 30% of additional employee cost.

IBBI taken no action against 70 year old IP who surrendered application

June 14, 2022 498 Views 0 comment Print

DC finds that Mr. Venkata Nagulapati has contravened the section 208(2)(a) and 208(2)(e) of the Code read with regulation 7(2) of GCHP Regulation and regulation 7(2)(a) and 7(2)(h) of IP Regulations, clause 19 of the Code of Conduct. However, considering the facts that Venkata Nagulapati has attained the age of more than 70 years and […]

Discussion Paper on enabling entities to become insolvency professional

June 14, 2022 1077 Views 0 comment Print

Discussion Paper on enabling entities to become insolvency professional deals with issue of enabling entities to get registered as an insolvency professional (IP) under IBC 2016.

Additional conditions for TRQ allocation of Crude Soya bean/ Sunflower oil

June 14, 2022 846 Views 0 comment Print

Changes are made in Public Notice 10/2015-20 dated 24.05.2022 for notifying additional provisions for allocation of Tariff Rate Quota (TRQ) for 20 Lakh MT of Crude Soya bean oil and 20 Lakh MTs of Crude Sunflower oil for FY 2022-23 and 2023-24. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General […]

Schedule III major changes for FY 2021-22-Division I

June 14, 2022 29523 Views 0 comment Print

Stay updated on the major changes in Schedule III for FY 2021-22 Division I under the Companies Act, 2013. Understand the new trade payables ageing schedule and disclosure requirements.

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