Company Law and IBC
“LLP Settlement Scheme 2020”- File all pending returns with reduced additional fees- One time benefit for LLPs
The Ministry of Corporate Affairs, Government of India has introduced the "LLP Settlement Scheme 2020" vide General Circular No. 06/2020 dated 04.03.2020 and modified the same further vide General Circular No. 13/2020 dated 30.03.2020.
What...
Top News
Companies Fresh Start Scheme, 2020- One time opportunity for Companies to clear defaults
The Ministry of Corporate Affairs has introduced Companies Fresh Start Scheme,2020 (‘CFSS Scheme’) vide circular no. 12/2020 dated March 30, 2020 under Section 460 of the Companies Act, 2013 (“Act”) read with Section 403.This is in...
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29 Things To Do This Lock Down
We are at a stage and phase, no one planned. But this has happened in past too, experiencing and passing through a phase totally new for the world, which became history and the people...
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Ordinance for extension of time limits under Taxation and Benami Act
The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman announced several important relief measures taken by the Government of India in view of COVID-19 outbreak vide Press Release dated 24.03.2020, especially on...
Case Laws
Clarification regarding Set-aside matters under Direct Tax Vivad Se Vishwas Act-2020
Guided by “Sabka Saath, Sabka Vikas, Sabka Vishwas”, the Finance Minister Smt. Nirmala Sitharaman had introduced a new No Dispute but Trust Scheme – ‘Vivad Se Vishwas’ in the Budget 2020 in the Lok...
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Clarifications on provisions of the Direct Tax Vivad se Vishwas Bill, 2020
The Central Board of Direct Taxes ( CBDT ) has issued clarifications on Direct Tax Vivad se Vishwas Scheme, 2020.
During the Union Budget. 2020 presentation, the ‘Vivad se Vishwas’ Scheme was announced to provide...
Company Law and IBC
Overview Video on “Vivad Se Vishwas” Scheme as announced in Budget 2020
The Direct Tax Vivad se Vishwas Bill, 2020 (the scheme), tabled in Parliament on February 5, 2020, proposes an amnesty scheme for litigation pending as on 31.01.2020, before any of the appellate forums. Under...
Finance
No Penalty u/s 271(1)(c) can be imposed on estimated additions
At times additions are made by Income Tax Department on estimated basis without having any clear evidence or iota of evidence on record to show that any particular entries in books of accounts were...
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