Sagar Gupta

All about Continuous Listing under SEBI Regulations

SEBI - Corporate Action is gaining more and more importance nowadays. Competition has prevailed over this too. To understand, Corporate action is a process by which a company gives benefits to the investors who are holding securities of the company....

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Applicability of various Accounting Standards

SEBI - Sagar Gupta Consistent with its January 2015 announcement, the Ministry of Corporate Affairs (MCA) has moved quite swiftly and notified its phase-wise roadmap for adoption of the Indian Accounting Standards (Ind AS) – India’s accounting standards converged with the IFRS. After lingering skepticism regarding Ind AS getting notified, th...

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How to incorporate a One Person Company?

SEBI - Detailed Procedure Procedure of Incorporation of a One Person Company (OPC) Under Companies Act,2013. Step 1: Acquire DSC. Step 2: Acquire Director Identification Number Step 3: Register DSC on mca website. ...

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Procedure for Formation of Private & Public Company in India

SEBI - Step by Step procedure to Formation / Registration / Incorporation of Private and Public Company in India.Incorporation / Formation of company involve a number of steps. We have tried to simplify the procedure to the maximum extent possible. ...

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Depreciation under Companies Act, 2013 – A Practical Approach

SEBI - Reference sections: 123(2) and Schedule II Schedule II to the Companies Act, 2013 requires depreciating the asset over its useful life unlike Schedule XIV of the Companies Act, 1956 which specifies minimum rates of depreciation to be provided by a company. Normally, prescribed companies who have to follow the accounting standard prescribe...

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Cattles in U.P. to be purchased only after giving proper ID proof

SEBI - Now, cattles in Uttar Pradesh will only be purchased after giving proper ID proof to the seller. It will be the duty of seller to maintain the records of the cattles sold, to whom it was sold and his ID proof. ...

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House Tax in UP can be now 6 times!!

SEBI - The proposal regarding increment of the house tax in UP is soon to be presented before the cabinet. Houses in UP has been divided into 10 types depending upon the use made therein. Four star and above hotels, Pubs, Bar and Restaurants where alcohols are also served is now to pay tax 5 times more. ...

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Threshold limit for mandatory e-payment of Service Tax reduced to Rs. One lakh wef 01.01.2014

Notification No. 16/2013-Service Tax - (22/11/2013) - Notification No 16/2013-Service Tax -Reduction of threshold limit for mandatory e-payment of Service Tax duty to Rupees One lakh w.e.f. 1st day of January, 2014. ...

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Recent Posts in "Sagar Gupta"

All about Continuous Listing under SEBI Regulations

Corporate Action is gaining more and more importance nowadays. Competition has prevailed over this too. To understand, Corporate action is a process by which a company gives benefits to the investors who are holding securities of the company....

Read More
Posted Under: Service Tax |

Applicability of various Accounting Standards

Sagar Gupta Consistent with its January 2015 announcement, the Ministry of Corporate Affairs (MCA) has moved quite swiftly and notified its phase-wise roadmap for adoption of the Indian Accounting Standards (Ind AS) – India’s accounting standards converged with the IFRS. After lingering skepticism regarding Ind AS getting notified, th...

Read More
Posted Under: Service Tax |

How to incorporate a One Person Company?

Detailed Procedure Procedure of Incorporation of a One Person Company (OPC) Under Companies Act,2013. Step 1: Acquire DSC. Step 2: Acquire Director Identification Number Step 3: Register DSC on mca website. ...

Read More

Procedure for Formation of Private & Public Company in India

Step by Step procedure to Formation / Registration / Incorporation of Private and Public Company in India.Incorporation / Formation of company involve a number of steps. We have tried to simplify the procedure to the maximum extent possible. ...

Read More

Depreciation under Companies Act, 2013 – A Practical Approach

Reference sections: 123(2) and Schedule II Schedule II to the Companies Act, 2013 requires depreciating the asset over its useful life unlike Schedule XIV of the Companies Act, 1956 which specifies minimum rates of depreciation to be provided by a company. Normally, prescribed companies who have to follow the accounting standard prescribe...

Read More
Posted Under: Service Tax |

Penalty for late filing of the e-forms under Companies Act, 2013

If a assessee delays filing of e-form by more than 270 days from the time period granted for filing of the respective e-form, then penalty as given in the concerned section will be imposed. For eg: If the resolution to be attached in MGT-14 is passed on 21.01.2015, then normal time to file the form is 30 days. Penalty will be imposed if t...

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Section 185 of Companies Act, 2013 – Loan to Directors

SECTION 185 of Companies Act, 2013 – Loan to Directors- Section 185 & its reference with Section 186 of Companies Act, 2013 Section 185 of the Companies Act, 2013 which has been notified on 12th September 2013 corresponds to section 295 of the Companies Act, 1956 which deals in loan to directors. This section is […]...

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Section 40(a)(ia): Whether applicable to sum payable at the year end or on all sums during year

Section 40(a)(ia) of the act was introduced in the Income Tax Act, 1961 by the Finance (No 2) Act, 2004 w.e.f. 01.04.2005 with the view to augment the revenue through the mechanism of tax deduction at source. This provision was bought so as to disallow the expenses on which TDS is not deducted but the […]...

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Posted Under: Service Tax |

Immediate Compliance for Companies under Companies Act 2013–Part 2

Companies Act, 2013 is out. Companies have to fulfill the requirements stated therein. Few provisions have already been published which can be found at: Immediate Compliance for Companies under Companies Act, 2013 – PART 1 Some more provisions are stated hereunder: 1. Appointment of Company Secretary: Now, only a Public Limited Company ...

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Posted Under: Service Tax |

Rules of Interpretation of Services in Service Tax

Despite doing away with the service-specific descriptions, there will be some descriptions where some differential treatment will be available to a service or a class of services. Section 66F lays down the principles of interpretation of specified descriptions of services and bundled services. But before going on to Section 66F, let us un...

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Posted Under: Service Tax |

Brief on Copyright Act, 1957

Copyright ensures certain minimum safeguards of the rights of authors over their creations, thereby protecting and rewarding creativity. Creativity being the keystone of progress, no civilized society can afford to ignore the basic requirements of encouraging the same....

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Posted Under: Service Tax |

Buy-Back of Securities / Shares under Companies Act, 2013

Buy-Back of Securities (Unlisted Public Co. and Private Co.) as per Companies Act, 2013 Buy Back of Securities is a very important tool for Companies who wants to reduce their Share Capital. First of all, here are few preliminary notes of Buy Back: Governing Sections of Companies Act: 68 69 70 Specified Security: includes ESOP […]...

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Posted Under: Service Tax |

Immediate Compliance for Companies under Companies Act, 2013 – PART 1

PROVISION RELATED TO COMPANY’S STATIONERY INCLUDING LETTER HEAD As per companies Act 2013, companies are required to get its name, address of its registered office and the Corporate Identity Number along with telephone number, fax number, if any, e-mail and website addresses, if any, printed in all its business letters, billheads, lette...

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Posted Under: Service Tax |

Buy-Back of Securities (Unlisted Public Company and Private Company)

Buy-Back of Securities (Unlisted Public Co. & Private Co.) Buy Back of Securities is a boon for Companies who wants to reduce their Share Capital. First of all, here are few preliminary notes of Buy Back: a. Introduced by ‘The Companies (Amendment) Act, 1999 b.  Governing Sections of Companies Act, 1956:...

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Posted Under: Service Tax |

Change Proposed via Arthkranti Pratishthan’s Transaction Tax

A new system of taxation is proposed by a Pune based research group Arthkranti Pratishthan where it has 5 components in its proposal: Withdrawal of existing Taxation system completely (except Customs i.e. Import Duty) Every Transaction routed through a bank will attract certain deductions in appropriate percentage as Transaction Tax i.e. ...

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Posted Under: Service Tax |

Cattles in U.P. to be purchased only after giving proper ID proof

Now, cattles in Uttar Pradesh will only be purchased after giving proper ID proof to the seller. It will be the duty of seller to maintain the records of the cattles sold, to whom it was sold and his ID proof. ...

Read More
Posted Under: Service Tax |

How to Register under Employees' State Insurance Act, 1948

Procedure for Registration of Factories under Employees' State Insurance Act, 1948- Ascertain whether your factory / establishment is situated within the area of implementation by ESIC (Implemented area). Regional Office, Sub Regional Office, Branch Offices, and Inspectorates Office of ESIC will guide you, on this matter, if contacted. ...

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Posted Under: Service Tax |

How to Register Under Employee Provident Fund (EPF) Act, 1952

For registration, a employer has to get these documents ready (to be submitted by an employer along with one or more of the documents mentioned below for obtaining Code Number): 1. Name of the establishment/factory and address. 2. Details of Head Office and branches with address....

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Posted Under: Service Tax |

Provision of Employees’ Provident Funds and Miscellaneous Provisions Act, 1952

Provident Fund scheme was started by few concerns even before the enactment of the act. The government in 1952 framed this act for the benefit and welfare of the employees. This act is applicable to employees drawing pay not more than Rs. 6,500 pm but at the time of registration the same employee pay should not exceed Rs. 5,000....

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Posted Under: Service Tax |

Point of taxation [Rule 2(e)] of Service Tax

For the purpose of charging service tax on any service, the incidence of levy is on person rendering of a taxable service which is termed as point of taxation. Usually people have confusion regarding the point in time when a service is deemed to be provided and thereby service tax is to be deposited. ...

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Posted Under: Service Tax |

House Tax in UP can be now 6 times!!

The proposal regarding increment of the house tax in UP is soon to be presented before the cabinet. Houses in UP has been divided into 10 types depending upon the use made therein. Four star and above hotels, Pubs, Bar and Restaurants where alcohols are also served is now to pay tax 5 times more. ...

Read More
Posted Under: Service Tax |

Threshold limit for mandatory e-payment of Service Tax reduced to Rs. One lakh wef 01.01.2014

Notification No. 16/2013-Service Tax (22/11/2013)

Notification No 16/2013-Service Tax -Reduction of threshold limit for mandatory e-payment of Service Tax duty to Rupees One lakh w.e.f. 1st day of January, 2014. ...

Read More

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