Due diligence is indispensable before every M&A transaction, where parties inspect the target company, by way of investigation, auditing and reviewing all the details provided in the documents. Due diligence is the systematic method to analyse legal, financial, corporate governance & environmental issues and to ascertain the contingent liabilities of the target enterprise with the […]
Millions of Indians have invested in crypto currencies and have made huge gains in last couple of years. Now, it is the time to file their income tax returns. But they are not sure how to treat the income from cryptocurrency trading in their ITR. Nothing is specifically prescribed in Income Tax laws of land. Even […]
Since past two years and more, GST Authorities are denying the credit of input taxes as claimed in GSTR 3B Return based on the comparison of GSTR 3B and GSTR 2A. As per the GST Act, there is no provision which lays down any provision which could deny the ITC based on GSTR 3B and […]
Article contains due dates For the Month of December 2021 Of ROC EVENTS which includes filing of ADT 1- Appointment of Auditor, AOC-4/AOC-4XBRL/AOC-4CFS/AOC-4 NBFC- Annual Financial Accounts, FORM 8- Statement of Accounts of LLP. EVENT PURPOSE DUE DATE ADDITIONAL FEES ADT 1 Appointment of Auditor 15 days from the conclusion of AGM If AGM: 30.11.2021 […]
Introduction to Copyright Registration Copyright in simpler terms means the right to copy. Copyright gives an exclusive right to an individual or an entity towards their original work like books, scripts, software, artistic, training manuals cinematography, recordings, paintings, programming, designing, etc. In this article we will discuss everything about Copyright Registration Process in India. It is […]
Understanding the constitutional challenges posed by the Indian Stamp Act, 1899 amendments. Learn about the distribution of power between the Centre and State governments.
In the present article we will briefly take up the Annual Information Statement covering the Rent received category. AIS information category – Rent received- The broad categories of information covered in AIS is divided into 50 categories. One such category is ‘Rent received’. Notably, the information under the category of ‘Rent received’ will be figure-out […]
सरकार जीएसटी से 3 लाख करोड़ रुपये की अतिरिक्त आय चाहती है और उनके भरोसेमंद नौकरशाहों की कमिटी ने जीएसटी दरें बढ़ाने का सुझाव दिया है. जूते, चप्पल, कपड़ों जैसे आम जरुरतों की चीजों पर 5% से 12% दरें बढ़ाई जा चुकी है और अब सोने चांदी ज्वेलरी पर 3% से बढ़ाकर 5% करने की […]
The Pradhan Mantri Kisan Samman Nidhi Scheme was launched by the Prime Minister of India on 24th February 2019. However, the Scheme takes effect from 1st December 2018. The Scheme is a Central Sector Scheme providing income support, basically, to the families of the landholding farmers in India. The Scheme is briefly explained in the […]
Recently, the Income Tax Department has rolled out the Annual Information Statement. Basically, the Annual Information Statement (AIS) is a comprehensive view of taxpayer’s information. AIS includes all the additional information like interest; securities transactions; mutual fund transactions; dividend and foreign remittance information. Notably, AIS furthermore provides a simplified Taxpayer Information Summary (TIS) which comprises […]
