ITR-1 (SAHAJ) This return is applicable for a Resident Individual (other than Not Ordinarily Resident) having Total Income from any of the following sources up to Rs. 50 lakhs 1. Salary/Pension 2. One House Property 3. Other sources (Interest, Family Pension, Dividend etc.) 4. Agricultural Income up to Rs. 5,000 Note: ITR-1 cannot be used by […]
Komal, a renowned fashion designer, is famous across Pune city for designing stylish and elegant ladies wear. She designs suits, dresses, and other clothing & accessories for the middle-to-rich class of society. Once, Namrata, wife of a leading diamond merchant of the city, hired Komal to design a nightgown for a family function. Komal designed […]
The SEBI has notified a new set of regulations to amend the existing SEBI (Prohibition of Insider Trading) Regulations, 2015 which shall come into force as on the date of its publication in the Official Gazette. The amendment relates to the provisions of reward to informants. Sr. No. Amendment Comments 1 Substitution, Omission: Regulation 7D(1) […]
The focus while borrowing should be on the repayment of the loan. That is how a strong credit background and future financial opportunities open up. A personal loan is no doubt the best thing to rely on, in a time of crisis. However, it has strong eligibility criteria and the approval process is not as […]
Recently, the Central Board of Direct Taxes (CBDT) in April 2021 notified new ITR forms for the financial year 2021-2022. Later in May 2021, they extended the timeline for submitting direct tax compliances for the current financial year. In India, every individual has to file for income tax returns i.e. ITR in every financial year. […]
A trademark is a unique symbol or word(s) used to represent a business or its products. It is an easily recognizable symbol, phrase, or word that denotes a specific product. It legally differentiates a product or service from all others of its kind and recognizes the source company’s ownership of the brand. Once it is registered, […]
Section 194N: TDS on Cash withdrawal in excess on INR 1 Crore This section applies to any Banking Company, Co-operative Society or Post office who is responsible to pay any sum being amount or aggregate of amounts, in cash, in excess of INR 1 Crore during the Previous Year to any person from one or […]
Number of Directors Requirement in different companies: As per section 2(10) “Board of Directors” or “Board”, in relation to a company, means the collective body of the Directors of the company; As per section 149 of the Companies Act, 2013 every company shall have a minimum number of: 3 directors in the case of a […]
ANALYSIS: SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (THIRD AMENDMENT) REGULATIONS, 2021 DATED 3RD AUGUST, 2021 The SEBI vide its notification dated 03rd August, 2021 makes the following amendment in the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 effective from on the date of their […]
In this article, we will have insight over the applicable provisions of certain most common sections (yet vital) of the Companies Act 2013, which we come through day in and day out during Audit and Assurance assignments. CARO 2020 CARO 2020 is applicable to all companies including foreign companies w.e.f 1st April 2021. Following are […]
