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Archive: 30 January 2023

Posts in 30 January 2023

Islamic Banking in India

January 30, 2023 36702 Views 2 comments Print

There are many types of banking in this world, and the most widely known are the Conventional banking and the Islamic banking

Investigation of Real Nature of Transaction under IBC, 2016

January 30, 2023 771 Views 0 comment Print

Time and again it has been held that the Adjudicating Authority before admitting a petition for a Corporate Insolvency Resolution Process has to examine the real nature of the transaction that took place between the parties therein.

Great Gossip of Recession

January 30, 2023 1314 Views 0 comment Print

Dive into the intriguing world of recession and corporate layoffs. Uncover the interconnected issues of inflation, excessive money printing, and the impact on tech giants and global companies. Explore the challenges faced by economies and financial institutions, shedding light on the ominous signs of an economic downturn.

Section 138 of Income Tax – Disclosure of information respecting assessees

January 30, 2023 17280 Views 0 comment Print

Dive into the nuances of Section 138 of the Income Tax Act, 1961, governing the disclosure of information about assesses by income tax authorities. Explore its main sections, sub-sections, and clauses, along with the relevant rules and forms involved. Stay informed about the procedures, authorities’ roles, and application processes under this section.

Section 206(1G): TCS on Outward Remittance under LRS

January 30, 2023 25869 Views 1 comment Print

Government always try to combat the situation of tax avoidance and evasion, all TDS and TCS provisions are made part of our Direct Tax Regime with this object. With changed economic Scenario it seems inevitable to introduce new entries and modification in existing provisions.

Non-filing of annual return equals to non-holding of board meeting – ROC imposes Penalty

January 30, 2023 762 Views 0 comment Print

It is observed that the Company has not filed annual return since incorporation, therefore no record is available regarding the number of board meetings taken place. Hence, it is implied that the Company has not conducted the board meetings. Therefore, it appears that the provision of section 173(1) of the Companies Act, 2013 has been […]

Aadhar Authentication services under section 11A of PMLA Act 2002

January 30, 2023 1902 Views 0 comment Print

Govt permits 39 entities to perform authentication under Aadhaar Act for section 11A of Prevention of Money-laundering Act 2002- PMLA Act 2002

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