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Deepak Seth

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Foreign Liabilities and Assets Annual Return (FLA Return) – FLAIR System, Key Points & FAQ’s

July 8, 2021 70551 Views 0 comment Print

FLA Full Form:- FLA stands for Foreign Liabilities and Assets. Meaning of FLA Return:- It’s an Annual Return on Foreign Liabilities and Assets required to be filed by an Indian Company and LLP to RBI within the prescribed due date. This Return is filed Online on RBI Portal. The portal on which you can file […]

Types of XBRL & Applicability on Companies & NBFC- An Overview

July 7, 2021 11247 Views 2 comments Print

Applicability of Filing Financial Statements in XBRL mode with Registrar of Companies: Below mentioned class of companies are required to file their financial statements and other documents under section 137 of the Companies Act, 2013 with the Registrar in e-form AOC-4 XBRL: -All companies listed in the stock exchange in India and their Indian subsidiaries. -All companies with a turnover of Rs. […]

Compliance updater for the Month of August 2020

August 3, 2020 1782 Views 0 comment Print

A. Compliance Requirement under Goods & Services Tax Act, (GST) 2017 Keeping in view the preventive measures taken to contain the spread of Novel Coronavirus (COVID-19) and the difficulties being faced by the GST taxpayer, Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes & Customs, has extended the due date for Filing […]

Compliance Updater for the Month of July 2020

July 2, 2020 1812 Views 0 comment Print

The government announced some leeway for small and medium companies in the Goods and Services Tax (GST) framework during the GST council meeting. The relief came in the form of reduced penalties and interest for small and medium companies. The government has announced relief by the way of waiver or reduced late fee and interest […]

9 Key Highlights of PM Narendra Modi Speech held on 30.06.2020

June 30, 2020 1467 Views 0 comment Print

1. Timely lockdown saved lakhs of lives In comparison to other countries across the globe, India is still in a very stable situation in the battle against Covid-19. Timely decisions and measures have played a great role, Modi said. 2. Hailed taxpayers Prime Minister Modi said, “Today, if the government is able to provide free […]

MSME: Classification, registration process & calculation of investment/Turnover

June 26, 2020 56748 Views 6 comments Print

Govt notifies vide Notification No. S.O. 2119(E) dated 26.06.2020 certain criteria for classifying the enterprises as micro small and medium enterprises (MSME), MSME registration process for New and Existing Enterprises,  Manner of calculation of investment in plant & machinery and  turnover for MSME classification, Updation of information and transition period in classification and Facilitation and […]

26 Key Lockdown Relaxation in Delhi announced on 18.05.2020

May 18, 2020 864 Views 0 comment Print

26 Key Highlights on Lockdown Relaxation in Delhi announced by Delhi CM Arvind Kejriwal on 18th May, 2020 Delhi Chief Minister Arvind Kejriwal today announced a slew of revised guidelines for phase four of the nationwide lockdown, saying barber shops, spas and salons will remain closed in the national capital for now and stepping out […]

26 key highlights of Press Conference of FM held on 17th May 2020

May 17, 2020 4383 Views 0 comment Print

26 key highlights of Nirmala Sitharaman Press Conference held on 17 May 2020- Atmanirbhar Bharat As a nation, we stand at a very crucial juncture. Such a big disaster is a signal for India, it has brought a message and opportunity Debt due to COVID excluded from default On matters concerning the Insolvency and Bankruptcy […]

37 key highlights of Press Conference of FM held on 16.05.2020

May 16, 2020 1779 Views 0 comment Print

37 key highlights of  Press Conference of Finance Minister Smt. Nirmala Sitharaman held on 16th May 2020- Atmanirbhar Bharat 1. Finance Minister Nirmala Sitharaman begins address Today is the 4th day where after the PM’s address to the nation on building a Atmanirbhar Bharat, we have been announcing in several tranches steps that we will […]

36 Key Points of FM Sitharaman Press Conference on 13th May 2020

May 13, 2020 33552 Views 4 comments Print

36 KEY POINTS OF FM Sitharaman Press Conference on ‘Mission Atmanirbhar Bharat’ held on 13 MAY 2020-Easier loans for MSMEs; income tax return deadline extended; lifeline for discoms India is in the 50th day of its nationwide lockdown imposed in the month of March by Prime Minister Narendra Modi to battle Covid-19 spread in India. […]

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June 2024