EXTENSION OF DUE DATE FOR HOLDING OF ANNUAL GENERAL MEETING (AGM 2021) Section 96 of the Companies Act, 2013 provides that every company other than a one person company shall in each year hold an Annual General Meeting of its shareholders and not more than fifteen months shall elapse between the date of one annual […]
The section 70 of the CGST Act,2017 unambiguously stipulates that summons to be issued as provided under Civil Procedure Code, 1908. The Order V CPC deals with the issue of summons whereas under rule 3 of the order V statement can be filed within 30 days from the date of summons and this date can […]
SWEAT EQUITY SHARES: Sweat equity shares are the shares given to directors/employees of the any company at a discounted price or other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions to the company. Section 54 of the Companies Act 2013 specify the provisions for […]
How to calculate the gross receipt or turnover? ‘Turnover’, ‘Gross Receipts’ and ‘Sales’ are the buzzwords during this Tax Audit season. Incidentally, they are the very starting point of a Tax Audit. They form the qualifying criteria, determine whether a taxpayer is liable to tax audit during a given year. Sec. 44AB of the Income […]
Being a business owner, it is important to monitor accounting trends and use them for your business. If you are not up-to-date, you could remain in the dust while your competitors improve their performance with the latest and greatest software and techniques. Here’s an overview of the leading accounting trends in 2021 so you stay […]
Sick (of) real estate projects, what about Association of Allottees taking over stalled projects from Promoter? Incomplete projects are though cynical, still a common occurrence in the ever-growing real estate industry which we all form part of. Many a times, genuine promoters find themselves in a bad industrial shape which makes it difficult for them […]
माननीय उच्च न्यायालय की न्यायमूर्ति संजय कौल और न्यायमूर्ति ऋषिकेश राय की पीठ ने 09/09/2021 को एक अहम फैसले में यह बात कही जो सरकार को सोचने पर विवश करती है कि कराधान प्रणाली में व्याप्त खामियों को दूर करना क्यों जरुरी है. सिविल अपील क्र 9606 आफ 2011 और इससे संबंधित 32761 आफ 2018 […]
The search for an alternate fuel is not a new venture and many countries have attempted to use methanol in some proportion or other with regular petrol to reduce the cost of petrol which is inherently connected with the day to day living of a human being on earth. Niti Aayog analyzed the issue in […]
Erroneous Adjustments Notices under section 143(1)(a) of Income Tax Act, 1961 and Best Possible Remedy in Some Cases. Many assessees have received erroneous adjustment notices u/s. 143(1)(a). Surprisingly, the issuer of such notices should have concluded that the above mentioned other income or capital receipts should always be the receipts in the nature of business […]
Preamble: With the increasing global awareness, people nowadays are making contributions around the world to addressing various social, economic and environmental issues and for the upliftment of the society and communities, especially in the developing and underdeveloped Nations. Such contributions are not limited to one’s region or city or state or country. Organizations like Bill […]
