Detailed Analysis of GST Notifications issued on 29th August, 2021 for Amnesty Scheme & Extension of time-limit to apply for revocation in certain cases 1.0 Late Fees Amnesty Scheme in respect of GSTR 3B for the period July, 2017 to April, 2021 increased from 31st August, 2021 to 30th November, 2021 [NN 33/2021 – CT […]
A kickback is an illegal payment intended as compensation for favourable treatment or any other type of improper services received. The kickback may be money, a gift, credit, or anything of value. Kickbacks are often referred to as a type of bribery. The kickback are different from other kinds of bribes in that there is […]
Form IEPF-2 is required to be filed by the company/Corresponding New Bank which shall contain investor wise details of unclaimed and unpaid amounts in respect of dividends, debentures, deposits, etc.
Government has provided various tax benefits to assessee on hosing loan. Income Tax Act provides tax benefits on repayment of principal component of loan as well as on repayment of interest component of loan. Deduction under section 24(b) (A) In respect of let-out property, actual interest incurred on capital borrowed for the purpose of acquisition, […]
This piece I should have written just after the introduction of the Central Goods and Services Tax (Amendment) Act, 2018. But never thought it will become so relevant topic after so many months, which will prompt me to take up this effort now. If we recall, amongst others, the said Amendment Act has substituted Section […]
Article explains procedures under Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. Article explains the relevant Rules of IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, Forms to be filed for compliance of that rule, Timeline for compliance of Rule, Attachments \ Additional Information Required to be attached with […]
Every company needs to comply the compliance mentioned by the Ministry of Corporate Affairs from time to time and other compliance as mentioned by Companies Act, 2013 or any other applicable act over the company. As per the Companies Act, 2013, some major compliance are Board Meeting, appointment of statutory auditor, MGT-7, Director’s KYC, INC-22A, […]
Company secretaries are one of the best career options for students pursuing a professional career in the commerce sector. Especially students with commerce background and other professional courses such as CA or CMA value legal knowledge. Whether on the job or in practice, CS is constantly confronted with company law and other laws, and new […]
The necessary provisions regarding filing an appeal to Appellate Authority has been provided under CHAPTER XVIII- APPEALS AND REVISION [SECTION 107 TO 121] of the Central Goods and Services Tax Act, 2017 (‘CGST Act, 2017’) supplemented with CHAPTER XIII- APPEALS AND REVISION [RULE 108 TO 116]. Pursuant to the provisions of Section 107(1) of the […]
There is an earnest desire among many members of the public to do charity, welfare and social good. This leads to flow of money without consideration from one individual to another or from one entity to another. Such flow of money is termed as donation in common as well as legal parlance. Unlike in commercial […]
