Company Law and IBC
Extension invalidity for Names Reserved and Resubmission of Forms by MCA
In view of the situation arising due to COVID-19 pandemic and extended lock down period in the country, Ministry of Corporate Affairs has extended PERIOD/DAYS OF EXTENSION FOR NAMES RESERVED AND RE-SUBMISSION OF FORMS.
Sr....
Top News
Filing of Annual Return for LLPs in Form 11
All
LLPs registered under Limited Liability Act, 2008 have to annually
file two forms Form 11 and Form 8.
Annual Return: Form 11 is to be
submitted within 60 days of closure of the financial year i.e 30th May 2018.
(Financial year closes on...
High Court
Understanding scope of Rule 27 of ITAT Rules, 1963 via Delhi High Court Judgement
Summary of the judgment of Hon'ble Delhi High Court on Scope of Rule 27 of the Income-tax (Appellate Tribunal) Rules, 1963.
Finance
Microfinancing and Poverty Alleviation
Microfinance is a specific business category of services, which includes microcredit. Micro-credit is a loan service to poor clients. Micro-credit is one of the microfinance aspects and the two sometimes get mixed. The microfinance...
Company Law and IBC
Penalty u/s. 270A and 271(1)(c)
Before the introduction of S. 270A, Section 271(1)(c) of the Income Tax Act was in place being penalty on concealment of income and or furnishing inaccurate particulars of income. However this section always caused...
Finance
Finance Act 2020: NRI can stay in India only for 119 days, if his taxable income is more than Rs.15 lakhs.
During the Budget 2020, Finance Minister proposed changes in the criteria for determining residential status for Non Residents Indians for tax purpose. On March 23, 2020, the proposal was accepted in Lok Sabha with...
Income Tax
Related-Party and its Reporting Requirements
Meaning of related party
So what does the term ‘Related Party’ mean.? How important this is to companies and individuals. What are the conditions to be recorded or understood before any transaction takes place? When...
Top News
Extensions announced under Direct Tax, Audit Compliance and RERA due to Covid 19
The Finance Minister Ms. Nirmala Sitharaman, in the press release held on 13.05.2020 announced various relaxations in respect to deadlines and due dates under Income tax return filing, Tax Audit, Vivad se Vishwas scheme...
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