Due to reducing trend in no. of registration under new indirect tax regime, government had made a lot of efforts to cover more taxpayers under tax bracket. By, informing section 24 ‘compulsory registration’ under GST Act, 2017. Although, government has covered all the branches/establishment/subsidiary of the taxpayer for separate registration under goods and services tax […]
Article Explains disclosure to be made by a Listed Company & list out Disclosure Quarterly Disclosures, Half Yearly Disclosure, Annual Disclosures and Event Based Disclosures. Article explains the disclosure with relevant Regulations number, Description of the Applicable Regulation and timeline within which disclosures to be made under Securities and Exchange Board of India (Listing Obligations […]
RECENT UPDATIONS IN SEBI (LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS) REGULATIONS 2015 SEBI vide Circular No. SEBI/HO/CFD/CMD1/P/CIR/2021/556 and SEBI /HO /DDHS/ DDHS _Div1/P/CIR/2021/557 dated 29th April 2021, has provided certain relaxations from compliance with certain provisions of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 due to the CoVID-19 pandemic. S.NO REGULATION NO COMPLIANCE ACTUAL DATE EXTENDED DUE […]
Explore the taxation controversy surrounding royalty and withholding tax obligations in India. Learn about the landmark ruling by the Supreme Court.
Understanding the taxation of seafarers and merchant navy in India. Learn about the earnings and income tax implications for seafarers in the financial year 2020-21.
The Hon’ble Delhi High Court in Gurcharan Singh v. Union of India & Ors. [W.P. (C) 5149/2021, dated May 21, 2021] quashed the notification imposing Integrated Goods and Services Tax (IGST) on oxygen concentrators which are imported by individuals and are received by them as gifts i.e. free of cost for personal use, without a […]
Phool Chand Bajrang Lal Vs. ITO (Supreme Court) The Hon’ble Supreme Court judgement in favour of the department makes it clear that when an information which is specific, relevant and reliable reassessment proceedings u/s 147 are valid, otherwise not. One of the purposes of Section 147, appears to us to be, to ensure that a […]
K.P. Varghese Vs. ITO (Supreme Court of India); 1981 AIR 1922, 1982 SCR (1) 629; 04/09/1981 Relevant portion of the judgment of Honorable Supreme Court of India is reproduced below : Now it is true that the speeches made by the Members of the Legislature on the floor of the House when a Bill for […]
In this article, we shall study about the provisions of declaration of divided applicable on the Nidhi Company as explicitly mentioned in the Nidhi Rules.
Section 8 of Companies Act, 2013 empowers Central Government to register a special type of company as limited company having charitable objects to promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment, etc., without adding to its name the words ‘Limited’, ‘Private Limited’. Such company intends to apply its profits […]
