Income Tax Return (ITR) is a form which a person is supposed to submit to the Income Tax Department of India. It contains information about the person’s income and the taxes to be paid on it during the year. Various forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and […]
Central Board of Direct Taxes (Income Tax Department) vide circular No. 16/2021 dated 29.08.2021 Extended time lines for electronic filing of various Forms under the Income-tax Act, 1961 which includes Form No. 10A/ Form No. 10AB, Form No. 15CC, Equalization Levy Statement in Form No. 1, Form No. 3CEAC and various other forms. Extension is […]
Food Safety and Standards Authority of India (FSSA), (Regulatory Compliance Division, vide File No. 15(31)2020/FoSCoS/RCD/FSSAI dated 12th day of August, 2021 has issued, circular Mandating the non-issuance of Offine Renewal of FSSAI license. FSSAI had launched Food Safety Compliance System (FoSCoS) on 1st November, 2020 on pan-India basis, all States/UTs are issuing online licensing and […]
MSME and Small scale industries (SSI) are very important plays vital role in the economic growth of the Company because it helps in increasing employment and economic development of the country. These enterprises account for more than 40% of the total production of goods and services in India. They are one of the main reasons […]
Limited Liability Partnership Amendment Bill, 2021 The Cabinet on 28th day of July, 2021, Wednesday, approved amendments to the Limited Liability Partnership (LLP) Act for decriminalising offences under the law as the government looks to improve ease of doing business and encourage start-ups. LLPs are becoming popular among start-ups. Currently, there are 24 penal provisions […]
Goods and Services Tax is an indirect tax used in India on the supply of goods and services. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all […]
Consultation Paper on appointment / reappointment of WTD / MD by Listed Entities who fail to get elected at the general meeting ♦ Overview Securities and Exchange Board of India (SEBI) vide report dated 27th January, 2021 has issued and publishes Consultation Paper for public comments on ‘Consultation Paper on introduction of provisions relating to […]
Relaxations to the FBOs due to Covid-19 Pandemic Regulatory Compliance Division of Food Safety and Standards Authority of India (FSSAI) vide circular No. 15(6)2020/FLRS/RCD/FSSAI dated 23.06.2021 has decided to facilitate the FBOs and ensure ease of doing business by providing following extension in relaxations provided earlier vide FSSAI circular dated 2004.2021 due to spike in […]
The Board of Direct Taxes (Income Tax Department) vide circular No. 12 of 2021 & Press Release dated 25.06.2021, in exercise of its power under section 119 of the Income-tax Act, 1961 (Act) has issued circular w.r.t. Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic […]
The Institute of Chartered Accountants (CA) of India, with the approval of the Central Government, vide notification no. No. 1-CA(7)/196/2021 dated 22.06.2021 , made amendment to the Chartered Accountants Regulations, 1988 vide Chartered Accountants (Amendment) Regulations, 2021. ♦ Applicability: With effect from the date of their publication in the Official Gazette i.e. 22.06.2021. ♦ Key […]
