Form DIR-2 Consent to act as a director of a company [Pursuant to section 152(5) and rule 8 of Companies (Appointment and Qualification of Directors) Rules, 2014] To XYZ LIMITED Subject: Consent to act as a Director I, XYZ, hereby give my consent to act as Director of XYZ Limited, pursuant to sub–section (5) of […]
PTRC-PTEC Registration 1. What is Professional Tax? Professional tax is a state level tax which is imposed on income earned by way of profession, trade, calling or employment. The tax is based on slabs depending upon income of individual who may be self-employed or working as employee of an entity. At present the maximum tax […]
Hon. Madam, if some other problems related to GST are solved after considering it seriously, then not only will it be easy for the taxpayers to comply with this tax, but this tax will also be able to play an important role in the development of the Indian economy.
Offence falls under Special Statute (GST) and IPC at the same time, whether the accused is answerable only for the Special Statue Offence? [Ref: Shri Sentu Dey v. State of Tripura (Criminal Petition No. 14/2021 dated May 28, 2021)] Section 132 of Central Goods and Service Tax Act, 2017 (‘CGST Act’) is a penal provision […]
Highlights of Article All Transport services by road are exempt from GST except services from GTA and Courier agency. Anyone who provides consignment note for goods delivery will be treated as GTA. Mere Bill is not a consignment note. 5% GST rate is applicable for transportation service by GTA on RCM basis means GST is […]
INTRODUCTION Every company in India needs to prepare the Return under section 92 sub-section-1, called Annual Return. No company enjoys any exemption from the preparation of the Annual Return, whether the One Person Company, Small Company, Private Company, Public Company, or Not For Profit Company, etc. Section 92 sub-section 1 also provides the content of […]
Validity of force majeure clause for sellers/suppliers seeking extension or termination of contractual liability on account of COVID-19 pandemic: Brief background: Havoc of pandemic COVID-19 pandemic has brought together severe operational difficulties across all geographies as well as industries and various trades have been forced to shut their operations temporarily or permanently down owing to […]
As per 1. SEBI (LODR) REGULATIONS, 2015 2. COMPANIES ACT 2013 Applicable Section/Regulation Regulation 34 of (Listing Obligations and Disclosure Requirements), 2015. Provision The listed entity shall 1. Submit Annual Report to the stock exchange and 2. Publish of Annual Report on its website. Due Date A copy of the annual report sent to the […]
Notification No. IBBI/2021 22/GN/REG075 Dtd. 14th July, 2021 The Insolvency and Bankruptcy Board of India (IBBI) has notified a new set of regulations to amend the existing IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 which shall come into force as on the date of its publication in the Official Gazette. Applicability: These regulations […]
1. What are the implications of tax under the IT Act for gift received by the Trust, being movable or immovable property or money, from relatives? 2. What are the implications of tax under the IT Act for gift received by the Trust, being movable or immovable property or money, from persons other than relatives?
