The Union Budget 2023-24 is a well Balanced People’s Budget. It has put inclusive development at the heart of the country’s economic agenda by focusing on and facilitating ample opportunities for citizens to fulfil their aspirations, providing a strong impetus to growth and job creation and ensuring that the benefits reach the last mi...

The Financial minister of India, Mrs. Nirmala Sitharaman, presented the Union Budget for the year 2023-24. There have been various updates and proposals to different sectors of the Indian economy. The major changes have also been made under Personal Income Tax under New Tax Regime.  The following are the major updates made under Personal...

The Tata-Mistry case involved the removal of Cyrus Mistry as chairman of Tata Sons, which was a matter governed by the provisions of the Companies Act, 2013. Here are some of the sections of the Companies Act that were relevant to the case: 1. Section 169: This section sets out the procedure for removing a […]...

Analysis of amendment in Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 vide SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2023  notified vide Notification No. SEBI/LAD-NRO/GN/2023/117 dated: 17/01/2023. Sl. No Regulation Number Earlier Provisio...

The Companies Act, 2013 of India provides for a class action suit provision under Section 245. A class action lawsuit provides a legal avenue for a substantial number of individuals to collectively bring a lawsuit against another party, rather than each person filing their own individual lawsuit. The Companies Act 2013, which governs corp...

CBIC vide Entry 74 of Notification 12/2017 has exempted Health care services by a clinical establishment, an authorised medical practitioner or para-medics....

As the budget announced by our Hon’ble Finance Minister on 1st February, 2023, everyone is asking what is for MSME in this budget. Here is all that you should know – 1. MSMEs get Rs. 9,000 Crores corpus for revamped credit guarantee scheme. 2. There is common practice by biggest players in industry to made […]...

Limited Liability Partnerships (LLPs) and Private or Public Limited Companies are two legal entities that can be incorporated as LLCs. LLCs are legal entities that are handled apart from one another, protecting the investors and owners from company obligations....

1. Income Tax Related Compliances a. Registration under Section 12AB The trust can carry on the charitable or religious activities as per the objects for which it was formed. However, in order to claim tax exemption of its receipts and income, it needs to get registered under the Income Tax Act, 1961. Section 12AB registration […]...

Section-Wise Brief Analysis of Changes Made In Goods And Service Tax In Union Budget For Fy 2023-24 AMENDMENTS IN THE CGST ACT, 2017 Section 10: Composition Levy Presently, the person engaged in supplying goods or services through electronic commerce operator is not eligible to opt for composition scheme. Now, it is proposed that person e...