CORPORATE SOCIAL RESPONSIBILITY BACKGROUND: A corporate entity uses the resources of society, it operates its business activity in a society, therefore it is responsibility of a corporate to take care of society in which it operates. Therefore, Corporate social responsibility (CSR) is an obligation of a corporate entity to give back to the society a […]
You were fed with newspapers headlines informing G7 gave its consent for Biden’s global tax proposal which ensures right companies pay right tax in right countries. Mr. Joseph Robinette Biden Jr, the current American president brought the tax reform known as ‘Made in America tax proposal’ which is reproduced below for our detailed discussion. https://home.treasury.gov/system/files/136/MadeInAmericaTaxPlan_Report.pdf […]
The dictionary defines the word Emeritus as a person having retired but allowed to retain his title as an honour. In India, Corporate world has been witnessing the elevation of corporate stalwarts as Chairperson Emeritus (hereinafter referred to as CE). Following are some of the companies which have appointed senior Board members/Promoters to the above position: 1. Tata Sons […]
‘There is no friend as loyal as a book’, said American author Ernest Hemingway. Books fuel up your imagination, provide comfort in times of sadness and open up your eyes for the world. The importance of the habit of reading is closely linked to professional success, as it opens the brain to new experiences and […]
Rearing of the silk worms is not Agriculture Income as defined u/s 2(1A) of the Income Tax Act , 1961 . Sericulture is not Agricultural activity and hence income derived from rearing silkworms is not Agricultural Income as defined in section 2(1A) of the Income Tax Act, 1961. Let us understand what is Sericulture and […]
Importer is required to apply online for CHIP Import registration between 60 days to 15 days prior of expected date of arrival of import consignment. The automatic Registration Number thus granted shall remain valid for a period of 75 days. It is mandatory to have registration of said products for Bill of Entry to be filed on or after 1st August 2021
Corporate Social Responsibility Benefiting Employees (CSR) Series – Part 1 Corporate Social Responsibility (CSR) activity means an activity undertaken by a company in pursuance of its statutory obligation laid down in Sec 135 of the Companies Act. The Corporate Social Responsibility (CSR) Amendment Rule 2021 vide Rule 2(d)(iv) excludes the activities benefitting employees of the […]
Every Company registered under Companies Act, 2013 needs to file some regular kind of forms with the Registrar of Companies within the prescribed time period. Followings are the forms for filling: 1.DPT-3: DPT-3 is one of annual return need to file every year with loan or advances as on 31st March within the period of […]
GST Compliance Relaxations pursuant to GST Council Recommendations – Pursuant to the GST Council recommendations in their 43rd meeting held on 28th May 2021 at New Delhi, CBIC has issued series of notifications relaxing GST compliance requirements. The changes are categorized in below major areas and summarized for ease of understanding – A. Reduction of […]
Introduction India has the second-largest road network in the world, spanning a total of 62.16 Lakhs kilometres (kms). This comprises National Highways, Expressways, State Highways, District Roads and Village Roads. Historically, investments in the transport sector have been made by the Government. However, in order to encourage private sector participation, the Ministry has laid down […]
