The Ministry of Corporate Affairs (MCA) vide its Notification no. G.S.R. 110(E) dated 11th February, 2022, has notified that the provisions of sections 90, 164, 165, 167, 206 (5), 207 (3), 252 and 439 of the Companies Act, 2013, shall apply to LLPs, except where the context otherwise requires, with the modifications as specified. The […]
RBI Compliances for LIQUIDITY RISK MANAGEMENT FRAMEWORK AND LCR to NBFC along with the changes w.e.f March 31, 2022 Applicability: All Deposit taking NBFCs and Non-Deposit taking NBFCs with asset size of ₹ 100 crore and above. Compliances: All deposit taking NBFCs irrespective of their asset size and Non-deposit taking NBFC with asset size of […]
1. Changes under the head Rates of Income Tax, Cesses and Surcharges, chapter- II, applicable from April 01, 2022 – Assessment year 2023-2024 (i) ‘No changes’ for any type of assessee against the Income tax rates (ii) ‘Reduction’ for non-corporate assessee against the Alternate Minimum Tax (AMT)-Section 115JC (a) For a Co-operative society from 18.5% […]
Whether Section 24 of CGST Act Hits Article 19(1) (g) of the Constitution Except persons mentioned in or notified under section 23 of the Central Goods and Services Tax Act, 2017 (CGST Act), section 24 of said CGST Act makes it mandatory to obtain Goods and Service Tax registration, for all persons mentioned, or referred […]
Intent of Section 154 is to provide Power to the Commissioner, or an Officer authorized by him to take samples of the goods from the possession of any taxable person where they consider it is necessary. As Rules or any procedure for this section is not prescribed anywhere and I didn’t found any article on this section therefore I’m taking help of procedure and case laws of other regime to understand how this section might work in future?
We are in a State of War with Govt on ITC Mismatch Issue? Here we all professionals and Traders are one side and Govt is at Another side? with Zero Communication between Each Other? Neither Govt wants to handle Recovery from Defaulting Suppliers Nor Recipient can force supplier to pay GST to Govt on Time […]
As the world is changing, young consumers are becoming extremely interested in electronics. People nowadays like to spend a lot of money on technologies that make their lives simpler and smoother. In this post, we’ll look at how Capital Goods are taxed in GST by using the iPhone as an example (Capital Good) MEANING OF […]
Claim Shares from the Investor Education and Protection Fund Authority Unclaimed Shares for recovery of shares in India To recover the shares and dividend amounts transferred to the Investor Education and Protection Fund (IEPF) Jurisdiction, the Shareholder must complete the steps outlined below: Shareholders must open a Demat Account with NSDL/ CDSL since shares will […]
Get a concise overview of Ind AS 116 – Leases. Learn about the principles of recognition, measurement, presentation, and disclosure for lease arrangements.
As you are aware that Foreign Trade means as International Trade, is the exchange of money (capital), men (people), material (goods) and services between countries. It a trade outside boarders of a country, in which applicable international rules and regulations are involved. Foreign Trade has serious implications in economy of a country, generally traders of […]
