Andhra Pradesh High Court held that main activity of the petitioner is imparting education with a non-commercial motive. Running of hostel and supplying food at subsidized price is incidental activity. Accordingly, transaction of supply of food items and beverages to students cannot be treated as sale of goods and hence VAT not applicable.
3 basics to successful investing in startups: Learn how to invest in a start-up from IIM/IIT graduates, first mover advantage & more. Get ready to make a million!
Save time and money with this ESOP Compliance Checklist for Listed Companies. Follow this comprehensive checklist to ensure steady compliance with SEBI regulations.
IBC was designed to overhaul India’s outdated insolvency and bankruptcy laws and to provide a more efficient & effective system for resolving insolvency.
The purpose of simplifying the Udayam registration procedure by the MSME Ministry was to make it easier for MSME owners to register their enterprises under Udayam. Its primary goal is to stimulate and facilitate the growth of MSMEs in India and to provide all necessary support to MSMEs as a whole.
ITAT Delhi held that once the assessee was able to demonstrate that the amount received is in the nature of managerial services, it cannot be treated as FTS on estimated basis. Such receipt not being FTS is not taxable in India.
Gujarat High Court held that detachable warrants have conceivable cost of acquisition and the same is deductible from sale consideration for calculation of capital gain.
Boost Indias EV Manufacturing with the 2023 Budget – Reduce carbon emissions by 45% with the FAME-II policy. EV manufacturing is supercharged thanks to a 80% increase in budget allocation.
WHEREAS, sub-section (1) of Section 137 of the Companies Act, 2013 provides that A copy of the financial statements, including consolidated financial statement, if any, along with all the documents which are required to be or attached to such financial statements under this Act, duly adopted at the annual general meeting of the company, shall be filed with the Registrar within thirty days of the date of annual general meeting in such manner, with such fees or additional fees as may be prescribed.
Lok Adalts are created under Legal Services Authority Act, 1987. Lok Adalats is similar to a civil court can be organized by the State Authority, the District Authority, The Supreme Court Legal Service Committee or High Court Legal Services Committee at such intervals and places as deemed appropriate.
