As per Section 42 of the Companies Act, 2013 A Company may make private placement of securities only to select group of persons who have been identified by board (herein referred as (Identified Persons). Explanation 1 of Section 42 states that ‘Private Placement’ means any offer or invitation to subscribe or issue of securities to a select group of persons by a company (other than by way of public offer) private placement offer-cum application, which satisfies the condition specified in this section.
Maximize your income tax savings on salary! Learn how to pay zero taxes and claim a full refund of TDS deducted under Section 192. Explore salary structures, deductions under Section 80C, 80D, 80E, and more. Make informed financial decisions for a tax-efficient financial year-end.
Understand the tax implications of Leave Encashment as we approach the financial year-end. Explore when it’s taxed under salary, exemptions for government and non-government employees, and how to calculate the exempt amount. Get insights into Mr. Navankur’s case for a practical understanding.
Explore the 5-year journey of GST in India with tax law professional Sudhir Halakhandi. Despite revenue success for the government, complexities persist for taxpayers and professionals. Delve into discussions on input credit, RCM, and the need for reforms. Stay informed on GST updates and challenges.
‘Company Annual Filings’ refers to the filing of audited annual financial accounts, directors’ reports and an annual return of the company with the Registrar of Companies. Every registered company, whether it is engaged in business or not, must submit these annual filings.
Explore the Reserve Bank’s Integrated Ombudsman Scheme, 2021 FAQs. Learn how the scheme simplifies grievance redress for banking, non-banking financial companies, and digital transactions. Get insights into the complaint filing process, compensation details, and more.
COVID-19 relief for sectors! Indian government relaxes EPCG Scheme for Hotel, Healthcare, and Educational sectors. No average export obligation for 2020-21 and 2021-22, and option to extend the obligation period.
Stay informed Centers guidelines ensure transparency in endorsements by celebrities, influencers, and virtual influencers on social media platforms. Know the who, when, and how of disclosures to avoid misleading audiences.
No GST is payable where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or its first occupation, whichever is earlier.
Explore Section 139(8A) – Updated Return, offering a unique opportunity for individuals and companies to rectify omissions or errors in their tax filings. Understand who can file, conditions, and restrictions. Delve into practical examples, time limits, and considerations for multiple scenarios.
