Ongoing through the form 10A, it is noticed that various financial information have been required to be filled pertaining to different date and period which is causing hardship to submit the same at this pandemic period where almost all offices have remained closed in month of April, 2021 and also continue to be closed at present.
Short Notes on Section 55 of Income tax act 1961. (Opting for benefit of Section 55 ) 1. Cost of acquisition of capital assets becoming property of the assessee before 01.04.1981/01.04.2001. Where the capital assets has become property of the assessee before 01.04.1981, then the cost of acquisition of such an asset will be the […]
Belated Return and Revised Return for the Assessment Year 2020-21 may be filed on or before 31st May, 2021 In view of the adverse circumstances arising due to the severe Covid-19 pandemic, the CBDT, in exercise of its powers under Section 119 of the Income Tax Act, 1961 (‘the IT Act’), has issued a Circular […]
Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013. (MCA Circular dated 03.05.2021) General Circular No.07/2021 i.e Relaxation of time for filing of CHG-1 (Creation/Modification of Charge) and CHG – 9 (creation/ modification of charge for debenture) applicable only for charge created on or after 02.12.2020 […]
RELAXATIONS UNDER COMPANIES ACT, 2013- COVID-19 PANDEMIC Due to resurgence of Covid- 19 pandemic and after considering requests received from Stakeholders Ministry of Corporate Affairs (‘MCA’) has decided to provide various relaxations to Companies and Limited Liability Partnerships. Below are few relaxations that has been provided by MCA: 1. RELAXATION ON LEVY OF ADDITIONAL FEES […]
Relaxation of time for filing forms related to creation or modification of charges under Companies Act,2013: ♦ APPLICABILITY: This relaxation is provided inrespect of following forms whether filed by a company (Section 77) or a Chargeholder (Section 78): 1. Form CHG-1- Application for registration of creation, modification of charge (other than those related to debentures) […]
♦ What is NPS? It stands for National Pension System. NPS is regulated by PFRDA, with transparent investment norms and regular monitoring and performance review of fund managers by NPS Trust. Subscribers can choose their own investment options and pension fund and see their money grow. ♦ Investment Choices Available in NPS: NPS offers you […]
Delhi Land and Finance Limited (hereon DLF) recently faced court battle with Security Exchange Board of India (hereafter SEBI) over a dispute regarding the information that DLF released in its red herring prospectus. SEBI contested that DLF retained the disclosure regarding three of its subsidiaries that SEBI said DLF had constructive control over.
Extended Due Dates for Income Tax Act & Goods And Service Tax (GST) Act Central Board of Direct Taxes and Indirect Taxes have issued notification on 1st May, 2021 under Income Tax Act and Goods and Service Tax act to implement certain relief measures to the tax payers in view of the 2nd wave of COVID […]
Introduction: In a recent decision of Dinesh Humane and another vs. Piramal Estate Pvt. Ltd. the RERA Tribunal, Maharashtra has passed an interesting order highlighting the difference between a “reservation letter”, a “booking form” filled by the buyer for the flat and the formal “Agreement for sale” of the flat. The said decision is bound to bring […]
