Share markets are a common conversation topic at all social gatherings. whether she is 20 or 50, or whether she is an engineer or doctor, everyone has her own opinion as to how and when to invest. This hype about the share market is to a considerable extent justified. Share markets apart from being a […]
Whether provisions of Section 206AA overrides DTAA? -When it comes to deduction of TDS while remitting any payment to Non Resident the beneficial provisions of DTAA & Income Tax Act -Provisions in the DTAA clearly ovveride the provisions of the Act, to the extent the provisions are more favourable to the -As per section 206AA, […]
One of my senior clients telephoned about his tax return of USA for 2019 but with emphasis on 1040 SR. I was not taken aback since for one well versed with US Taxation, change is spice of life. We as CPAs are forced to update our knowledge by CPE stipulations. I am very happy to […]
MCA has introduced a new form CAR (Company Affirmation of Readiness towards COVID-19) w.e.f. 23rd March, 2020. Following type of entities have to file Form CAR-2020: -Company -LLP -Foreign Company -Foreign LLP Key Features of Form It is Web based form (need to file online) There are no fees for this form. No need of […]
Amidst the worldwide fear of Novel Coronavirus, (COVID – 19), MCA has rolled down a web-based form (CAR) – 2020, i.e. Company affirmation of Readiness towards COVID 19 and maintaining social distancing. The MCA Notification states that the same will be applicable to all Companies / LLP irrespective of any criteria levied on it. Amidst […]
Indian banking system was on fire owing to Non-performing assets and the onset of COVID 2019 would perhaps turn it into a fireball impact on the vulnerable financial services sector in India. It may become increasingly difficult for the RBI to regulate and provide emergency administrative action if large number of vulnerable banks in India go down the hill considering corporate governance failures in our country.
Currently COVID -19 is a Draconian Black Truth. Due to COVID 19 whole world is in lockdown situation. Its impact and experience urges everyone to remain at home. This is really a panic situation. Everyone here is under tremendous stress considering the economic and financial loss. But at the end “Loss of Life” is always […]
Section 92D provides that every person who has entered into an international transaction or specified domestic transaction, during a previous year, shall keep and maintain such information and documents, prescribed by the Board, as will assist the Assessing Officer/ Transfer Pricing Officer to compute the income arising from that transaction, having regard to the ALP. […]
As all of you are aware that Ministry of Corporate Affairs (MCA) issued advisory on preventive measures to contain spread of COVID-19 to all Chairman, Managing Director and Chief Executive Officer. With respect of it, they will deploy “Company Affirmation of Readiness towards COVID-19 (CAR) web-based form on 23rd March, 2020 to ensure that “work […]
This article encompasses the compliances to be undertaken by an entity located in the State of Maharashtra, which is engaged in the business of direct selling and multi-level marketing (Direct Selling) to sell and distribute its products/ services throughout India. Direct Selling: Direct Selling means marketing, distribution and sale of goods or providing of services […]
