What is a ‘Precedent’ in the eyes of law? Which ‘Precedent’ should be followed or what it means to follow a precedent? As to whether each and every judgment delivered by the Courts binding or not as a ‘Precedent’ as one gets easily lost in the maze of case law, while Article 141 of the […]
The Finance Act, 2020 came up with a number of amendments and introductions in the Income Tax Act, 1961 (‘Act’). One of such being the introduction, a New Tax Regime (‘NTR’) has been brought in under the Act. For the purpose of bringing the NTR into action, 2 new sections were inserted by the Government-Section […]
In India a Non-Profit Organization can be registered in three ways particularly:- > Trust: By executing Trust Deed and get it registered with the Registrar of Trust, > Society: with Registrar of Societies > Section 8 Company: By executed MOA and AOA and get it registered pursuant to Companies Act, 2013. S. NO. PARTICULARS TRUST […]
In March 2020, when we had a market crash due to Covid-19, there were many people & articles talking about Market are under-performing, Returns from Bank Deposits in last 10 to 15 years of time frame.. So if this was true, are Bank Deposits really better Instruments than Mutual Funds or Direct Equity? Are the […]
All you need to know about BSE Administration and Supervision Limited (BASL) Membership BSE Administration and Supervision Limited (BASL), a wholly owned subsidiary of BSE Limited has been granted recognition as Investment Adviser and Supervisory Body (IAASB) in accordance to SEBI (Investment Advisers) Regulations, 2013. BASL will administer and supervise all existing SEBI Registered Investment […]
The Hon’ble Tripura High Court in Shri Sentu Dey v. State of Tripura [Criminal Petition No. 14/2021 dated May 28, 2021] quashed the order passed for police investigation by the Judicial Magistrate in a matter of alleged GST offence. Held that, once the cognizance of offences alleged in the complaint has been taken by the […]
As anticipated, the Apex body CBDT has come up with a Clarificatory Circular No. 13 of 2021 bearing folio no. 370142/26/2021-TPL, containing clarificatory guidelines on newly inserted provisions concerning applicability of TDS on Purchase of Goods u/s 194Q of the Income Tax Act. In this Taxalogue, all the significant clarifications/guidelines as contained in the captioned […]
IT Portal Not Working GOVT. SHOULD MAKE ALTERNATE ARRANGEMENT FOR FILING OF ITRs The income tax portal on which taxpayers from all over the country file their returns is not working for the last one month or more. Taxpayers are not able to file their returns and due to this the professionals are also worried […]
Reserve Bank of India vide its communication dated July 8, 2021 made an advisory to banks and other RBI-regulated entities emphasizing the need for preparedness for the transition away from London Interbank Offered Rate (LIBOR). Let us look at this most important message which has already shaken the foreign exchange world which virtually runs on LIBOR as […]
According to Section 2(10) of Companies Act, 2013, Board of Directors or Board, in relation to a company, means the collective body of the directors of the company. Director is defined in Section 2 (34) as “director” means a director appointed to the Board of a company. A Company is an artificial person having a […]
