Annual Information Statement (AIS) – Interest from specified company by a non-resident u/s 115A(1)(a)(iiaa) Section 285BB of the Income Tax Act, 1961 read with rule 114-I of the Income Tax Rules covers the provisions relating to ‘Annual Information Statement’. An annual Information Statement is a comprehensive statement that contains various detailed information. One such information […]
According to RBI’s latest bulletin, the Indian economy is poised to regain the ground lost to the pandemic and re-emerge as among the fastest growing countries in the world, supported by the decadal low interest rates, softening inflation and a modest current account surplus. The Indian economy is clearly differentiating itself from the global situation, […]
ओमिक्रोन वायरस के आगमन के साथ ही देश विदेश हर जगह नये तौर तरीकों को पदार्पण और नियमों का गठन जरूरी हो चुका है. वित्तीय, व्यापारिक और सामाजिक ढांचे में बदलाव अब समय की मांग है, खासकर इन क्षेत्रों में सरकार और समाज को नये नियम बनाने होंगे: 1. वित्तीय क्षेत्र: वित्त की उपलब्धता के […]
About Legal Entity Identifier (LEI) Code for Companies After the Global Financial Crisis, the Legal Entity Identifier (LEI) code was created as a vital measure to improve the quality and accuracy of financial data systems for improved risk management. The LEI was created to help control counterparty risk by allowing the identification and linkage of […]
eForm FC-3 – Annual accounts along with the list of all principal places of business in India established by foreign company Part I – Law(s) Governing the eForm FC-3 Section and Rule Number(s) eForm FC-3 is required to be filed pursuant to Section 381 of the Companies Act, 2013 and Rule 4, 5 and 6 […]
eForm FC-2 – Return of alteration in the documents filed for registration by foreign company Part I – Law(s) Governing the eForm FC-2 Section and Rule Number(s) eForm FC-2 is required to be filed pursuant to Section 380(3) of the Companies Act, 2013 and Rule 3(4) of the Companies (Registration of Foreign Companies) Rules, 2014 […]
eForm DIR-12 – Particulars of appointment of Directors and the key managerial personnel and the changes among them Part I – Law(s) Governing the eForm DIR-12 Section and Rule Number(s) eForm DIR-12 is required to be filed pursuant to Sections 7(1) (c), 168 & 170 (2) of the Companies Act, 2013and Rule 17 Of Companies […]
Part I – Laws Governing the eForm SH-7 Section and Rule Numbers eForm SH-7 is required to be filed pursuant to Section 64 (1) of the Companies Act, 2013 and rule 15 of Companies (Share Capital & Debentures) Rules, 2014 which are reproduced for your reference: Section 64(1): (1) Where— (a) A company alters its […]
At the outset, I would like to state that this article is purely based on my (liberal) interpretation of the CGST Act and CGST Rules. I would not like to go into the vires or the rationality of the provisions discussed herein. I will, however, try my best to provide my understanding of the possible […]
Pre-financial Income derived by Financial Books will differ with Taxable Income. This difference in taxable liability is temporary imbalance between reported amount of Income and its taxable income. This difference in Tax deferred in the Books of accounts, according to the case, and is termed as Deferred Tax.
