♦ On 4th March, 2022, the Ministry of Corporate Affairs (MCA) has issued the Limited Liability Partnership (Second Amendment) Rules, 2022 which is yet to be published in the Official Gazette. ♦ There are some major changes which are brought by such amendment and it is very important to note such changes. ♦ Following are the […]
It’s that time of the year when you need to invest in different investment products to enable tax savings for FY 2021-22 OR else regret after March that you did not utilize the benefit of various deductions available for you Now a days, nobody wants to invest just for Tax savings, everybody wants such investment […]
Generally speaking, Branch Profit Tax is a tax imposed on effectively connected earnings / income of a branch (or entity) in a contracting state (country, in common parlance) of a foreign entity when those earnings are repatriated, or deemed repatriated, to the home country of such foreign entity. Currently, there is no concept of additional […]
ई – इन्वोइसिंग- अब 1 अप्रैल 2022 से 20 करोड़ की सप्लाई पर लागू कर दिया है तो आप मान कर चलिए कि ई – इन्वोइसिंग अब सेवा और व्यापार के बहुत बड़े हिस्से को कवर करने वाली है और इसके बाद हो सकता है कि इसकी सीमा को और भी कम सप्लाई की रकम […]
Where an instrument issued to a person has been obtained by him by means of fraud/collusion and such instrument is utilised by a person other than the person to whom the instrument was issued (i.e. transferee/holder of duty credit in case of transferable scrip), the duty relatable to such utilisation of instrument shall be deemed never to have been exempted or debited and such duty shall be recovered from the person to whom the said instrument was issued.
Introduction: The Summary of the Arguments (hereafter referred as ‘synopsis’) are the best reasons why one should win the case. Authorities often read the Synopsis first, so it sets up the arguments by giving the authority the context to view it favorably. For an authority who doesn’t have time to read the whole brief, the […]
> The Insolvency And Bankruptcy Code 2016 provides a consolidated time-bound process to resolve insolvencies, previously which was a lengthy process. The Code outlines separate insolvency resolution processes for individuals, companies and partnership firms. > The code aims to protect the interests of small investors and make the process of doing business less cumbersome. The […]
INCOME TAX DUE DATES-MARCH 2022 [Source: www.incometaxindia.gov.in] Date Nature of Compliance 02nd March Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA/194IB/194M in the month of January, 2022 07th March Deposit of tax deducted/collected for the month of February, 2022. 15th March Fourth installment of advance tax for the assessment […]
Relevant Section, Rule and Forms Section 12A – Conditions for applicability of sections 11 and 12. Sec 12AB – Prescribes the procedure framework for registration with the income-tax authorities to avail the exemption u/s 11 and 12.(introduced wef AY 2022-2023) Section 80G – Deduction in respect of donations to certain funds, charitable institutions, etc Section 10(23C) […]
DECLARATION OF DIVIDEND SECTION 123 TO SECTION 127 OF THE COMPANIES ACT 2013 READ WITH COMPANIES (DECLARATION AND PAYMENT OF DIVIDEND) RULE 2014 Definition of Dividend Section 2(35) of Companies Act 2013 dividend includes interim dividend. Interim Dividend Means – The Dividend which is declared between financial year/ Calendar year (Company follows) Sum of money […]
