The company secretary plays a highly critical role in the company. The role of the company secretary in company law determines the smoothness of the administrative process in the company’s business environment. As it is the company secretary qualification in the country, his responsibilities and roles are very complex and must be channelled and demonstrated […]
In this Article we will understand mainly about Section 115BAC & Form 10-IE. Finance Act,2020 introduce NEW TAX REGIME. The Finance Minister announced new tax slab for Individuals, HUF and Co-operative societies. Therefore, for inserting new tax slab Ministry has inserted two sections: ♦ Section 115BAC: New Tax Rate for income of Individuals and HUF […]
ITR 1 and ITR 2 filing for A.Y 2021-22 : Hello readers, my friends requested to write an article on ITR 1 and ITR 2 filing as we all know we have to file our Income tax returns till 30.09.2021- It is very important to choose correct form based on our income, exemptions, residential status […]
‘Nidhi’ means a company which has been incorporated for cultivating the habit of thrift and savings amongst its members. Nidhi Company is a company registered under Companies Act and notified as a Nidhi company by Central Government .It is a non-banking finance company doing the business of lending and borrowing with its members or shareholders.
Starting a business or any new adventure requires some amount of money. You can start small and scale up as your products or services become more popular and reaching new audiences. No matter how little or small, you are most certainly going to need money to invest in yourself first – learning new or developing […]
SEBI vs PNB Housing Finance tussle relating to valuation of shares & Corporate Governance Issues SEBI ORDER ON PREFERENTIAL ISSUE OF SHARES BY PNB HOUSING FINANCE TO CARLYLE GROUP The PNB Housing Finance in its Board Meeting held on 31st May, 2021 has approved the preferential issue of equity shares to Carlyle Group, Ares SSG, […]
What is ITR and why one should file ITR? Income Tax Return (ITR) is notified form by CBDT, in which the taxpayers file their information about his income earned and investment details to the income tax department. Till now the department has notified 7 various forms i.e. ITR 1, ITR 2, ITR 3, ITR 4, […]
Companies Auditors Report Order, ‘CARO’ 2020 | Key analysis & Changes MCA (Ministry of Corporate Affairs), in consultation with the NFRA (National Financial Reporting Authority) and by virtue of Section 143(11) of Companies Act, 2013 (Companies Act), has issued Companies (Auditor’s Report) Order, 2020 (CARO, 2020) on 25th February, 2020 which supersedes Companies (Auditor’s Report) […]
Reconstitution/Dissolution of firm? Transfer of Assets to partner? Wait…..!! Here are the tax implications… Finance Act 2021 has made amendments to the provisions of the Income Tax Act, pertaining to the tax liability arising on distribution of assets by the firm to its partners on its reconstitution or dissolution.(Note: The words ‘Firm’ and ‘Partners’ are […]
Introduction After four years of implementation of GST, many questions of law are yet unanswered. As Supreme Court of India has noted, ‘Laws must evolve with the times if societies are to progress’. There are many issues in GST which either requires judicial intervention or some concrete action from Parliament. In this article, I have […]
