Who can opt for such scheme? As per Section 10(1), subject to sub-sections (3) and (4) of section 9 of CGST Act 2017, a registered person whose aggregate turnover in the previous financial year is not more than Rs. 1.5 Crore in relation to supply of goods and restaurant services, can opt, in lieu of […]
The new set of guidelines will also ensure seamless flow of traffic at the toll plazas by not allowing vehicles to queue up more than 100 metres. Although in most of the toll plazas, there is no waiting time after mandatory 100% Fastag, even then if there is queue of waiting vehicles of more than 100 metres due to some reason, the vehicles will be allowed to pass without paying toll till the queue comes within 100 meters from the toll booth.
The following won’t be recognized as ‘transfer’, and hence, no capital gain to be arise on the same: -Any transfer of a capital asset or intangible asset by a private company or unlisted public company to a limited liability partnership. -Any transfer of a share or shares held in the company by a shareholder as […]
Test of Residency for Individuals under Income Tax – A quick recap Basic Condition to be fulfilled: Under Section 6(1) of the Income-tax Act, an individual is said to be resident in India in any previous year if he: (a) is in India in the previous year for a period or periods amounting in all […]
According to Section 2(24) of the Companies Act, 2013, “Company Secretary” or ‘Secretary’ means a company secretary as defined in clause (c) of Sub-section (1) of Section 2 of the Company Secretaries Act, 1980 and who is appointed by a company to perform the functions of a company secretary under this Act. According to clause […]
Section 8 of Companies Act, 2013 empowers Central Government to register a special type of company as limited company having charitable objects to promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment, etc., without adding to its name the words ‘Limited’, ‘Private Limited’. Such company intends to apply its profits […]
Be it the period of national or state-wise lockdown, or a rise in share market (in the form of rise in SENSEX / Indexes) or be it the period of low deposit rates, no one can deny this fact that the interest in equities is soaring like a rocket eager to touch the sky with […]
SEBI since its inception till now has completed an eventful journey as a capital markets regulator and has tried to create a market infrastructure which is far better than many of the countries. No doubt that the markets earlier were restricted to few hands, entities and intermediaries, but now there has been a quantum jump […]
Introduction: Sovereign Gold Bonds Scheme for the year 2021-2022 is to be issued in almost six trances over this period of F.Y. 2021-2022 by the Reserve Bank of India, and out of six total trances, the first one for this year was opened from 17th May 2021 – 21st May 2021, for a total period […]
Current scenario: Cryptocurrency as a form of decentralized digital money works on the principle of blockchain technology, and especially within it, Bitcoin & Ethereum are the most popular among the world though the market of cryptocurrencies constitutes of more than thousands different types of such currencies in different parts of the world. Investing in cryptocurrencies […]
