The Ministry of Micro, Small and Medium Enterprises (‘MSME’), vide notification dated 26.06.2020, declared the new process of classification and registration of enterprises as MSME. This Notification comes into effect from 01.07.2020. All the existing registered enterprises are required to register again on “Udyam Portal”as per new classification. Further the registration process on the portal […]
A. Form: Refund form B. Purpose: The user is required to make various payments to avail MCA21 services. A number of instances have been observed where the users make multiple payments or incorrect payment or excess payment while using these services. In order to allow the stakeholders to claim refund of such payments, refund process […]
Who is a Non Resident Indian (NRI)? An Individual being Indian citizen or person of Indian origin is said to be Non Resident Indian(NRI) in any financial year, if he/she satisfies both the following conditions: Condition 1 He/ She stay in India for less than 182 days in that financial year. And Condition 2 He/ […]
Everyone believes that a deposit with a bank is very safe and risk free. What made the people believe so? Its none other than DICGC Deposit Insurance and Credit Guarantee Corporation – wholly owned subsidiary of RBI Governed by – DICGC Act, 1961 Mission – To contribute to financial stability by securing public confidence in […]
The Real Estate Regulation & Development (RERA) Act, 2016 is an Act to protect home-buyers as well as help to enhance investments in the real estate industry. RERA Act 2016 came into force from 1 May 2016.
The introduction of PAS-6 by the Ministry of Corporate Affairs in pursuance to the sub-rule (8) of rule 9A of the Companies (Prospectus and Allotment of Securities) Rules, 2014 which was amended vide Companies (Prospectus and Allotment of Securities)Third Amendment Rules,2019.
PAS-6 Half-yearly Reconciliation of Share Capital Audit Report Rule 9A(8) of the Companies (Prospectus and Allotment of Securities) Rules, 2014 provides that every unlisted public company governed by rule 9A shall file Form PAS-6 within 60 days from the conclusion of each half year duly certified by a CS/CA in practice. In this form the […]
Every Unlisted Public Companies shall issue their securities in dematerialised form on or after October 02, 2018 and facilitate the dematerialisation of its existing securities in accordance with Depositories Act, 1996
Preamble: VAT has been introduced for the first time in Gulf countries as recommended by the Gulf Cooperation Council (GCC). In June, 2016 GCC countries signed the VAT Framework Agreement. There are six member countries in GCC, namely, Kingdom of Saudi Arabia (KSA), Bahrain, Qatar, UAE, Kuwait and Oman. VAT has been introduced in KSA […]
Deduction under Section 80C, Section 80CCC, Section 80CCD (Maximum amount of Income Tax deduction Rs. 1,50,000+Rs. 50,000) Deduction under Section 80C In order to calculate total income of an Individual & HUF certain payments are very important to claim deduction u/s 80. Hence to know about which type of payment that are eligible to deduct […]
