CBDT vide circular No. 15/2021 dated 03.08.2021 Extended time lines for electronic filing of various Forms under the Income-tax Act, 1961 in view of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms and considering the non-availability of the utility for e-filing of certain Forms. Forms for which dates been […]
HC set aside disqualification of the directors of the defaulting Company and provided an opportunity to the disqualified directors of the struck off Company under Companies Fresh Start Scheme, 2020 (Scheme) to be appointed as directors of other/new companies, provided the directors have gone a substantial period of their disqualification.
APEDA (RCMC) Registration- Meaning, Benefits, Process Documents Required etc for APEDA License Agricultural & Processed Food Products Export Development Authority (APEDA) is a government organization that was established to develop and promote the export of scheduled products. APEDA is an authority that provides financial assistance, information, and guidelines towards the development of scheduled products. In […]
Accounting Standards- A New Move To Compliance: Defining ‘Small And Medium Sized Company’ (SMC) On 23rd June, 2021, the Ministry of Corporate Affairs (MCA) has come with the rules pertaining to Accounting Standards. The rules got the green signal and became final and published in the Official Gazette on same day i.e. June 23, 2021. […]
Understand the importance of a speaking order in legal proceedings. Find out why a reasoned order is essential for upholding natural justice.
Under law, identity or recognition of a person is established by relevant documents mentioned under those laws. For example passport establishes citizenship; Aadhar Card establishes residency for the purpose of government subsidies and benefits. In the same way, residency under direct tax laws is established by ‘Tax Residency Certificate’ also known as ‘TRC’. In one […]
In order to provide relief and lessen the burden on small taxpayers, the Government had announced the tax rebate scheme by introducing Section 87A in the Income Tax Act. Introduction of Section 87A Section 87A was introduced in Income Tax Act through the Finance Act, 2003. As per the Income Tax Act, any individual being […]
REGULATORY PROVISIONS RELATED TO DIRECTORS A company is created by law and is an artificial judicial person having its distinct entity. Though the company is bestowed with the characteristic of a separate legal entity, it cannot make the decisions on its own. Here the most crucial role is played by the directors of the company. […]
What is the LLP Amendment Bill 2021? ‘LLPs are becoming popular among startups. An amendment is being proposed to the LLP Act for the first time,’ said finance minister Nirmala Sitharaman Continuing efforts to foster ease of doing business as well as to encourage the startups ecosystem, the Cabinet has approved LLP Amendment Bill, 2021. […]
How to save tax through mutual fund investment? Well, for individual investors, there are a plethora of answers; can companies save tax? Well, let’s dig into it.
