Instant PAN through Aadhaar based e-KYC

General Scheme of PAN Allotment: A new facility of instant e-PAN through Aadhaar based e-KYC has been introduced by the Honourable FM in Budget 2020. Electronically issued and Digitally signed e-PAN is now a valid mode...

Why Donation for Fight against Coronavirus to third party NGOs is not a good idea?

Earlier, the trusts were formed by affluent people of same community who infused corpus money out of their own savings and carried out charitable activities in the nature of relief for the poor, education...

Section 115 BAB – New Corporate tax rate for new manufacturing companies

The Government, via Taxation Laws (Amendment) Ordinance, 2019 passed on 20 September 2019, has introduced a favorable new corporate tax rate for new manufacturing companies.  It has inserted Section 115BAB offering a low...

“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...

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...

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...

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...

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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