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Charter for Associations Registration Under FCRA

January 30, 2021 1293 Views 0 comment Print

CHARTER FOR ASSOCIATIONS WHO HAVE BEEN GRANTED PRIOR PERMISSION OR REGISTRATION UNDER FCRA. ♣ Registration and Prior Permission is granted for a definite cultural, economic, educational, religious or social programme under sections 11 and 12 of the FCRA, An association is granted registration for five years. The Prior permission is granted for a specific purpose/project […]

FCRA Charter for the Banks

January 30, 2021 1599 Views 0 comment Print

FCRA CHARTER FOR THE BANKS The Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010) assigns a very crucial role to banks. All foreign contributions (FCs) received from any ‘foreign source’ (FS) must be necessarily received only in a bank account and must be routed and spent only through bank accounts. Therefore, the competent authorities in the […]

MCA on condonation of delay & New ‘Extend’ functionality

January 29, 2021 1641 Views 0 comment Print

New ‘Extend’ functionality shall be introduced as part of SPICe+ Part A w.e.f. 26th January, 2021 New ‘Extend’ functionality shall be introduced as part of SPICe+ Part A in line with Rule 9A ‘Extension of reservation of name in certain cases’ of the Companies (Incorporation) Third Amendment Rules, 2020 with effect from 26th January 2021. […]

Physical Submission of Audit Report in Form 704 for FY 2019-20

January 29, 2021 5787 Views 0 comment Print

The last date for electronic uploading of form e-704, for the financial year 2019-20, is 1st March, 2021 and the last date for submission of abovementioned physical documents is 12th March, 2021.

All India Protest demanding better Tax Administration & Policies

January 29, 2021 27675 Views 17 comments Print

All India Protest Call by nearly 200 associations including Chamber of Commerce, Industrial Associations, Trade Associations, Professional Bodies on 29th January 2021 to demand Better Tax Administration, ease of doing business and good governance. WHY THESE PROTESTS 1. Unstable GST Law even after 4 years, which has resulted in large scale disturbances of business, caused […]

Smart MF Investment Tips For Women

January 28, 2021 1140 Views 0 comment Print

We have come a long way from when a man was anticipated to be the breadwinner and the sole earner in the family. During these horrible phase, a woman was expected to stay at home and do her sole work – look after the household. Today, women and men are economically and socially equal. The […]

Dissent over Actions & Approach of FMO, MCA and Others

January 28, 2021 9252 Views 5 comments Print

As a community of tax payers and contributories to the growth of the nation, we write this, with a pained heart, that the recent actions and approach of FMO, MCA and others in our own Government, do not reflect the welfare mind state required of a People’s Government. Our discomfort is not with the Government but with the policies charted against its own people.

Educational Material on Ind AS 23, Borrowing Costs

January 27, 2021 1191 Views 0 comment Print

Ind AS 23 prescribes the accounting treatment for recognising the borrowing costs incurred by entities. It sets out the criteria for capitalising the borrowing costs or for charging the borrowing costs as expense to the statement of profit and loss.

SEBI Consultation Paper on appointment / reappointment of WTD / MD by Listed Entities who fails to get elected at general meeting

January 27, 2021 1333 Views 0 comment Print

Securities and Exchange Board of India Consultation Paper on introduction of provisions relating to appointment / re‑appointment of persons who fail to get elected as Whole-time directors / Managing Directors at the general meeting of a listed entity Jan 27, 2021 | Reports : Reports for Public Comments 1. Objective To solicit public comments / […]

GST: HC accepts Plea Challenging Provisions regarding Deemed Value of Land Instead of Actual Cost

January 27, 2021 1953 Views 0 comment Print

The subject matter of challenge in the present writ application is to the Entry No.3(if) of the Notification No.11/217 -Central Tax (Rate) dated 28th June, 217 read with Para-2 of the said notification. It appears that the writ applicant has entered into an agreement with a developer, i.e., the fourth respondent herein with respect to a purchase of plot of land

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