In this article, an attempt has been made to simplify contents of AAR ruling for GST applicability on sale of TDR/ FSI, received in a specific case. The case is specific as TDR/FSI was received as consideration for surrendering joint rights in land in terms of Development Control Regulations. The said TDR was granted in […]
Introduction 1. We are now the 5th largest economy in the world. Agriculture, Irrigation and Rural Development 2. Scheme to enable farmers to set up solar power generation capacity on their fallow/barren lands and to sell it to the grid would be operationalized. 3. The government will provide Viability Gap Funding for setting up efficient […]
To establish and follow the law laid down by Supreme Court in the judgement ICSI Vs. Paras Jain, ICAI appointed CPIOs exclusively for providing certified copies under RTI dated 29th Aug 2019.
Q.1 Will the new admissions to Foundation Programme be discontinued after introduction of new regulations / CS Executive Entrance Test (CSEET)? Ans: Yes. New admissions to Foundation Programme will be discontinued after introduction of new regulations and the CSEET shall be introduced as a qualifying test for registration to Executive Programme.
The Insolvency and Bankruptcy Code, 2016 (IBC) was enacted with the intention to expedite and simplify the framework for insolvency and bankruptcy in the country. The notion of ‘creditor in control’ instead of ‘debtor in possession’ is candidly observed by the Code. However, there persisted grey areas in the code and they served as an […]
This is my approach to explain the ESOPs Accounting, Taxation & Compliance in simpler terms. Ind AS (Accounting) The accounting for ESOP is dealt by Ind AS 102, Share-based Payment. First we need to understand terminology used in ESOP, which are as follow: Grant : Grant means issue of options to employees under ESOP. Exercise: It […]
Earlier Finance Act, 2013 introduced tax on the distributed income by the company on the buyback of the Unlisted Shares vide section 115QA under chapter XVII-DA. The Bare Act language of the section 115QA mentioned below for the reference. 115QA. Tax on distributed income to shareholders. “(1) Notwithstanding anything contained in any other provision of […]
Provisions related to Class Action Suit falls under Section 245 of the Companies Act, 2013. Article explains When and by Whom Class Action can be filed, Situation under the Companies Ac, 2013 where class action suit can be filed, Class Action against Audit Firm, How many Minimum requisite no. of Members/ Depositors required to file […]
Tax evasion and related arrests on tax offences have increased in last few weeks and the amounts involved are huge running into few thousand crores. Is it tax terrorism ! not for evaders. However, compliances continue to be troublesome. ‘We evolve and mature as we grow’ seems to be the Government’s stance. CBIC appears to […]
A. Information Required For RUN (Name Approval Form) 1. Proposed Names (Maximum 2 Names) 2. Significant of Proposed Name 3. Object (Proposed Business) of LLP 4. Trademark/ NOC if any to use name. B. Information Required For Preparation of Incorporation Documents I. General Information: 5. Total No. of Designated Partner. 6. Total No. of Partners […]
