The new corporate tax regime introduced vide Taxation Laws (Amendment) Act, 2019 expressed the government’s desire to provide relief to the corporate sector and industry bodies at large. Market participants were hopeful that Budget 2020 will address their woes of Dividend Distribution Tax (DDT) as well. The legislative intent behind the introduction of DDT was […]
In the statement of objects and reasons in introducing the Direct Tax Vivad se Vishwas Act, 2020, the FM said that over the years, the pendency of appeals filed by taxpayers as well as Government has increased due to the fact that the number of appeals that are filed is much higher than the number of appeals that are disposed.
Introduction As per the Companies Act Minimum 10 individuals (Or More) or two or more producer institutions or by a combination of both (10 individuals and 2 institutions) can form a producer company with Minimum paid-up authorized capital is of Rs. 5 lakh. Members should be primary producers. Object Every Producer Company shall deal primarily […]
Nowadays, in times of a financial crunch, getting access to funds has become more comfortable and convenient. One of the reason is the readily available instant personal loan from Banks and NBFCs. Unsecured personal loans have become a preferable mode of getting instant money in times of an emergency. Personal loan apps have reduced the […]
PRELIMINARY STEPS FOR REGISTRATION OF AN LLP IN INDIA: Step 1: Digital Signature Certificate (DSC) Before initiating the process of registration, you must apply for the digital signature of the designated partners of the proposed LLP. This is because all the documents for LLP are filed online and are required to be digitally signed. So, […]
The Ministry of Corporate Affairs have notified that as part of ease of doing business in India, it would be shortly notifying & deploying a new Web Form christened ‘SPICe+’ (pronounced ‘SPICe Plus’) replacing the existing SPICe form where they will be summarizing almost 10 services to save TIME and COST for starting a new […]
Learn about the recovery of outstanding tax demand and the resources available to assist the assesses in protecting themselves from unjust tax recovery.
Vehicle number (RC) entered in e-way bill will now be verified with the VAHAN System for its existence/correctness. VAHAN System provides a nationwide search over the digitized data of Registered Vehicles. VAHAN is a highly flexible and comprehensive system that takes care of all the activities of Vehicle Registration. You can always check your vehicle […]
The absence of the provision in the DTAA is not an omission but is a deliberate mutual agreement between the Contracting States not to recognize/classify any income as Fees for Technical Services for taxation.
Vivaad se Vishwas Scheme, 2020 Litigation in the country has always been an area of concern. In past there has been tremendous increase in the number of the appeals pending before various appellate forums like Income-tax Appellate Tribunal, High Courts and Supreme Court. Litigation takes undue time, resources and efforts of parties and in many […]
