A partnership firm can have different types of partners with different roles and liabilities. It is important to know about the different types of partners for a clear understanding of their rights and responsibilities. Let us take a look at different types of partners. 1. Active or working partner: An active partner is the one who […]
What is Joint Development Agreement The joint development agreement is a contract between a landowner and a real estate developer to build a new project on the land of the owner. There are 2 types of agreement that may be entered into, they are Revenue sharing or Area sharing, sometimes it is partly revenue sharing […]
Simplified GST Series- Offenses & penalties/Section 130-131/CGST ACT 2017 Article explains Section 130-Confiscation of goods or conveyances and levy of penalty and Section 131- Confiscation or penalty not to interfere with other punishments. Section 130-Confiscation of goods or conveyances and levy of penalty- (1) Notwithstanding anything contained in this Act, if any person – (i) […]
The Insolvency and Bankruptcy Code, 2016 (IBC) is landmark legislation consolidating the regulatory framework governing the restructuring and liquidation of persons (including incorporated and unincorporated entities). The previous liquidation regime before the incorporation of the IBC focused more on winding up of the corporate body in discharge of its debt, whereas the IBC lays emphasis […]
Frequently Asked Questions related to Aadhar Authentication of Applicant for GST Registration as notified by Central Board of Indirect Taxes and Customs vide Notification No 62/2020 – Central Tax dated 20th August, 2020 Question 1:- Whether Rule 8(4A) of CGST Rules, 2017 applies on Persons referred u/s 25(6d) of CGST Act, 2017? Answer 1:- No, […]
The Reserve Bank of India has, vide notification dated 06.08.2020, issued a new framework for resolution of stressed loans caused by Covid-19 pandemic. The Reserve Bank of India told that, it will allow lenders to restructure loans of borrowers who are struggling to repay because of the fallout of the pandemic. The restructuring will enable […]
The announcement by the Government of India on 13th August 2020, of Transparent Taxation – Honouring the Honest, it is an extension of E-assessment scheme 2019 launched by Government of India in September 2019. The CBDT passed Notification No. 60 & 61/2020 along with an Order F.No. 187/3/2020 dated 13th August, 2020. The objective of […]
Aadhaar Authenticatiobn process has been introduced, for the persons applying for GST registration as Normal Taxpayer/ Composition/ Casual Taxable Person/ Input Service Distributor (ISD)/ SEZ Developer/ SEZ Unit etc, in Form GST REG 01.
This article aims to highlight the meaning of ‘Purpose of charitable activity’ in the context of surplus arising from the activity during the period. Whether surplus defeats the purpose of charitable activity??
A company secretary is a senior position in a private sector company or public sector organisation. The company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented. The company secretary ensures that an organisation complies […]
