Proposed changes in Hospitality Sector with respect to GST as discussed in the 37th meeting of the GST Council With the Puja and Winter vacations approaching, expeditions and trips are inevitable! The 37th Meeting of the Goods and Services Tax Council, held in Goa on 20th September, 2019 had proposed to lower the GST rates […]
India has a vast network of road network of 5.23 million kms. and categorically it is the world’s second largest network . The national Highway comprises 2% of the total road network but carry 40% of the total traffic . One more interesting fact is that the 65% of the freight and 80% of the […]
Defence Industry in India is subject to Industrial License under the Industries (Development & Regulation) Act, 1951 and manufacture of small arms and ammunition under the Arms Act, 1959. The detailed guidelines in this regard may be seen under the Press Note available at www.dipp.nic.in followed by link Acts & Rules. Previously, India had relaxed foreign […]
Aaykar Seva Kendra (ASK) is A multi-faceted mechanism for achieving excellence in public service delivery reflecting the Service Quality policy of the Income Tax Department.
The, TAXATION LAWS (AMENDMENT) ORDINANCE, 2019 (hereinafter ‘Ordinance’), is an ordinance to further amend the Income-tax Act, 1961 and the Finance (No.2) Act, 2019. Since the parliament is not in session and the President of India is satisfied that circumstances exist which render it necessary for him to take immediate action, this Ordinance has come into force with effect from 20th September 2019.
Q.1 WHAT ARE THE PROVISIONS OF COMPANIES ACT RELATED TO ALLOTMENT OF SECURITIES? (1) No allotment of any securities of a company offered to the public for subscription shall be made unless the amount stated in the prospectus as the minimum amount has been subscribed and the sums payable on application for the amount so […]
WHAT IS TDS/TCS? In case of certain prescribed payments (e. g. Interest, commission, brokerage, rent, etc.) the person making payment is required to deduct tax at source (TDS) at prescribe rate. Payer is known as deductor and the payee, who receives the net payment is called the deductee. TCS is Tax Collected at Source by […]
Explore how product life cycles can trigger the need for rebranding in organizations. Learn how to strategically use this metric for business turnaround.
Interest deduction, towards loan taken to purchase residential house, available under section 80EE is limited only for the loans sanctioned by the financial institution between the period 1st April 2016 to 31st March 2017. Any loan approved after the said defined period would not be eligible for deduction under section 80EE. In order to boost the diminishing […]
When a new company is incorporated, it requires the capital for which it issues the shares. The Memorandum of Association has the information on the authorised share capital, number of shares and face value of each share. Authorised capital is defined as the maximum amount of share capital that the company is authorized by its […]
