The Olympic medal winners are now enjoying and having the time of their lives; a well deserved reward for their perseverance and hard work. Not only the award winner players, but also the not so lucky players and their coaches have also been bestowed with lots of rewards and love by the fellow countrymen.
HUF (Hindu Undivided family) is peculiar concept under Hindu Law which is not prevalent in any other religion. All the assets of an HUF are owned collectively by all the members. As the share of each of the members in the HUF assets fluctuates with death and birth in the family, no member can predicate […]
Now, it is no secret that we don’t live in an ideal world and thus many times things don’t turn out as we want it to be, thus it results to disputes and delays which thereby impacts the economy in a negative way. In such times, arbitral proceeding plays a crucial role to resolve the dispute in the most cost-effective manner possible.
As per our view, there might not be any GST implications on the issuance of vouchers unless underlying goods or services are actually supplied as consideration, which is received towards issuance of voucher is in the form of deposit only.
It is held that, TDS has to be deducted u/s 194C of Income Tax Act, 1961 (the IT Act) on payment made to advertising agency even if there is no written contract.
GST ITC available on installation of Solar Power Panel as electricity so generated captively used for manufacture of taxable goods In the matter of M/s. KLF Nirmal Industries Pvt. Limited [Order No. 19/ARA/2021 dated June 18, 2021], M/s. KLF Nirmal Industries Pvt. Limited (Applicant) has sought the Advance Ruling before the Tamil Nadu Authority for […]
Amendment THROUGH NOTIFICATIONS 1. RECTIFICATION OF NAME OF THE COMPANY MCA has issued a notification on 22nd July, 2021, Commencement of Section 4 of Companies (Amendment) Act, 2020. As per notification, it will came into effect from 1st September 2021. A. ANALYSIS OF NOTIFICATION – (Amendment in Section 16) By this notification, the Central Government has appointed […]
DUE DATE CALENDAR OF COMPANIES ACT, 2013 FOR THE MONTH AUGUST 2021 S. NO. FORM PURPOSE OF FORM Periodicity LAST DATE TO FILE REMARK EXTENDED DUE DATE 1. MSME-1 Form for furnishing half yearly return with the registrar in respect of outstanding payments to micro or small enterprises Half yearly (Oct – Mar) 30-April-2021 Applicable […]
In this editorial, Author shall discuss about dilemma that whether an Individual can apply for DIN before Incorporation of Company, in other words. If Someone wants to have DIN, but such person doesn’t have any relation with any Company and don’t want to incorporate Company right now. Whether such person can apply for DIN? If […]
In this editorial author discussing about Provisions of loan from shareholders by Private Limited Company, Process of acceptance of loan from shareholder, Treatment of such loan in DPT-3, Balance Sheet etc. There are many ambiguities in the corporate and professionals about treatment of Loan from shareholder, whether considered as deposit or not? Section/ Rules Involved: […]
