Whether before applying to Magistrate under Section 156(3) Cr.P.C., a person is obliged to make an application under Section 154(3) Cr.P.C.? The main question involved in the Civil Appeal No. 1650 of 2020 [Dena Bank (now Bank of Baroda) v C Shivakumar Reddy & Anr.] before the Hon’ble Supreme Court of India was as- First, […]
Section 234G – Late fees for default in the furnishing of statement in Form No. 10BD/ default in the issuance of a certificate in Form No. 10BE The research association, college, university or other institution or fund or company referred under section 35(1A) or section 80G(5) are required to furnish specified statement and issue specified […]
In this editorial, Author shall discuss about dilemma that Whether a Company can file e-form STK-2 for Strike off before completion of 1 year of Incorporation? in other words. If Company has not started any business since Incorporation and promoters wants to strike off even within 1 year of Incorporation, whether they can file STK-2 […]
In this editorial, author shall discuss one of all those provisions i.e. ‘Whether Companies can file eform STK-2 for strike off without filing of eform INC 20A’ In case company has not conducted business since Incorporation etc.
As per recent press release on pib.gov.in on 10th August, 2021 in respect of ‘MCA amends Schedule III of Companies Act on disclosure norms in financial statements‘ As MCA by amendment in Rules of Schedule III on 24th march 2021 has already made lot of amendments in Schedule III of Companies Act, 2013. Schedule III […]
In this editorial, author shall discuss one of all those restriction i.e. Whether Company can accept loan from Directors or any other person before filing of INC 20A
What is GSTR-9 Every registered person under GST is required to furnish an annual return specified under rule 80 of CGST rules, due to covid government has eased compliance for small taxpayers having the turnover of less than 2 crore from furnishing annual returns for the last three years. Even though annual returns represent a […]
On 20th July 2021, the Supreme Court, in a huge boost to federalism, struck down portions of the 97th Constitutional Amendment, that restricted state’s exclusive control over cooperative organizations, which is a key contributor to the national economy.
In Eko India Financial Services (P) Limited vs Assistant Commissioner of Income Tax in W.P.(C) 5819/2021 dated August 03, 2021 the Hon’ble Delhi High Court directed the Revenue (Respondents) to refund the amount adjusted in excess of 20% of the disputed demand for the Assessment Year (AY). Fact: Eko India Financial Services (P) Limited (Petitioner) […]
Availing Fake GST Input Tax Credit can provide short term benefit to businesses but in long run, it could have devastating effect. In above case, Mr Mohan has been witnessed greedy to avail credit of Rs 90,000/- and in long run, he has to face huge interest, penalty and fines imposed by the GST Department. We all should remember not to play with the intelligence level of any personnel of Tax Departments.
