In its recent ruling on September 9, 2020, the Andhra Pradesh High Court has reached a judgment out of a writ petition filed under Article 226 of the Constitution and ordering the respondent authority to permit acceptance of GST TRANS-1 to form either electronically or manually within a period of 30 days. Facts of the Case- The […]
Learn about the implementation of Indian Accounting Standards by NBFCs and ARCs. Stay updated with the recent guidance provided by RBI for Ind AS implementation.
The appointment of registered valuers in the corporate insolvency resolution process by the resolution professional within the time limit is made mandatory. IBBI Circular IBBI/RV/019/2018 (w.e.f. 01.02.2019) specifies that only valuers registered with the IBBI under the Companies (Registered Valuers and Valuation) Rules, 2017 may be appointed by the resolution professional. If the valuer who […]
Micro, Small and Medium Enterprises which are the backbone of the Indian economy in terms of their contribution to the country’s GDP, Exports, employment generation and inclusive growth, require to be nurtured effectively so that they maintain their health. The COVID-19 pandemic has been a setback to the sector and its impact is expected to push many […]
India issues comprehensive guidance on cross-border tax dispute resolution India on 7 August issued detailed guidance on the procedure for resolving cross-border tax disputes under the mutual agreement procedure (MAP) set out in India’s tax treaties with other nations. The guidance addresses critical issues that arise during the MAP process, benefiting not only taxpayers and […]
Goods and services tax regime brings alot of seamless flow in indirect tax regime. However, due to current developments and technology advancement it is very important to built a computerized network. hence, to bring the drastic change CBIC has developed GSTN (Goods and services tax network) to enhance durability and efficiency in indirect taxation. Due […]
CHECKS FOR ISSUE OF BONUS SHARES Check whether Authorized capital is sufficient for issue of Bonus Shares. 1. If Authorized capital is enough to issue bonus shares then it’s ok. 2. If authorized capital is not enough then first alter the Capital of Company by alteration in MOA. Check Provision for Bonus issue in Article […]
Understand the amendments to the Indian Stamp Act, 1899. Learn how the changes affect the duty levied on transactions in the securities market.
♦ Sec – 164(1): A person shall not be eligible for appointment as a director of a company, if: a. he is of unsound mind and stands so declared by a competent court; b. he is an un-discharged insolvent; c. he has applied to be adjudicated as an insolvent and his application is pending; d. […]
The concept of TDS under Income tax act is a common procedure and the object of TDS to collect tax from the very source of income. As per TDS concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the […]
