Risks of leaving your bank account dormant
Posted Date : 19-Oct-2021 , 04:47:03 pm | Posted By Mahesh Bansal 
Are you also in habit of leaving your bank accounts unattended for long? Then, it's time to be alert. You may be deprived of entire money in your accounts by fraudsters. Howsoever rich you may be, but you won't want your single rupee to be taken away by fraud.
In a latest development...
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Category :
Banking
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Names of Audit Firms approved for appointment as Statutory Central Auditors (SCAs) in 12 Public Sector Banks for the year 2021-22
Posted Date : 14-Oct-2021 , 07:50:21 am | Posted By CA.Khurana Vivek 
Names of Audit Firms approved for appointment as Statutory Central Auditors (SCAs) in 12 Public Sector Banks for the year 2021-22
Sl. No.
Name of the Bank
Names of audit firms approved for appointment as SCAs for FY 2021-22
Term ...
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Income Tax
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India’s app developers, start-ups seek interim relief from CCI against Google’s new billing policy
Posted Date : 11-Oct-2021 , 07:04:24 pm | Posted By CA. Dr. Gaurav Bhambri 
This article is focus about the Alliance of Digital India Foundation (ADIF) on behalf of India’s app-developers & the start-up community has filed a petition before the Competition Commision of India (CCI) against Google’s new billing policy which comes into effect from March 2022. T...
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Corporate Law
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2
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LEGALITY STATUS OF ITC BLOCK BY GST DEPARTMENT
Posted Date : 07-Oct-2021 , 04:11:18 pm | Posted By CA. PIYUSH KAPOOR 
The article explains the Meaning of Input Tax, Eligibility and Condition of Taking input tax credit, what is Blocked Credit under GST, and the Legality of block credit
Introduction
“input tax” in relation to a registered person, means the central tax, State tax, integra...
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GST
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Turnover Calculation & Taxability of Future & Options – Simplified
Posted Date : 06-Oct-2021 , 03:30:27 pm | Posted By CA Akhil Kumar
Future and Options is a derivative tool which was designed to hedge a portfolio but we all are aware that it has become one of the most traded instruments for regular gains. Hence Income Tax has realized the above and the Income from Future and Options is taxable under the head ‘Income from ...
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Income Tax
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Highlights of 45th GST Council Meeting dated 17th September, 2021
Posted Date : 20-Sep-2021 , 11:50:49 am | Posted By Ishita Ramani
Introduction
The 45th GST Council Meeting was held on 17th September, 2021 under the charimanship of Honourable Finance Minister Smt. Nirmala Sitharaman. The said Meeting took place at Lucknow, Uttar Pradesh. The meeting was attended by MOS Shri Pankaj Chaudhri besides Finance Ministers of States &...
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GST
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Tax Compliance and Statutory due dates for the month of September, 2021
Posted Date : 01-Sep-2021 , 06:40:10 pm | Posted By Ishita Ramani
Compliance Calendar for the month of September 2021
It is crucial for every business, irrespective of the business structure to adhere to the statutory compliance and complete all the necessary filings before the due dates. It is important to stay compliant with enormous compliance falling in the y...
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Corporate Law
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Solution to problem of New Income Tax Portal
Posted Date : 17-Aug-2021 , 03:55:17 pm | Posted By CA. Dr. Gaurav Bhambri
In this article, I have tried to cover up most of the issues commonly being faced & there suggested resolutions.
1. Whether filing of ITR for AY 2021-22 started on New Income Tax Portal?
Yes, ITR filing has started on New IT Portal. Form ITR 1 & ITR 4 can be filed with both offline uti...
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Income Tax
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2
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90 unique problems related to new income tax e-filing portal reported
Posted Date : 17-Aug-2021 , 03:49:38 pm | Posted By CA. Dr. Gaurav Bhambri
The government has said that more than 700 emails dealing with 2000 issues including 90 unique issues/problems in the new income tax e-filing portal have been received from various stakeholders. These issues were reported by various stakeholders including tax professionals, Institute of Chartered Ac...
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Income Tax
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1
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Drinking water supply through mobile tankers taxable at 18%
Posted Date : 16-Aug-2021 , 11:46:09 pm | Posted By CA Ronak Khandelwal
Drinking water supply through mobile tankers taxable at 18%
1. Supply of drinking water to the public through mobile tankers or dispensers by a charitable organization is taxable at 18 percent under the GST, AAR has ruled.
2. The Andhra Pradesh bench of the Authority for Advance Ruling ...
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GST
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Drinking water supply through mobile tankers taxable at 18%
Posted Date : 16-Aug-2021 , 11:45:53 pm | Posted By CA Ronak Khandelwal
Drinking water supply through mobile tankers taxable at 18%
1. Supply of drinking water to the public through mobile tankers or dispensers by a charitable organization is taxable at 18 percent under the GST, AAR has ruled.
2. The Andhra Pradesh bench of the Authority for Advance Ruling ...
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GST
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0
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GST Monthly Journal_3rd Edition_August 2021
Posted Date : 09-Aug-2021 , 12:27:03 pm | Posted By Ankit Khandelwal
Latest updates by way of Notifications issued
Notification No. 29/2021- Central Tax dated 30.07.2021
[Omission of Section 35(5) of the GST Act i.e. GST Audit and Substitution of Section 44 – by inserting Self-Certified Reconciliation Statement]
The said notification omi...
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GST
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Tax Compliance and Statutory due dates for the month of August, 2021
Posted Date : 07-Aug-2021 , 12:17:32 pm | Posted By Ishita Ramani
Tax Compliance and Statutory due dates for the month of August, 2021 Compliance Calendar for the month of August 2021 The month of August is very crucial for many reasons. One of the major reasons is that it has been predicted by the experts that COVID 19 third wave might hit the country in the Augu...
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Corporate Law
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One Person Company (OPC)
Posted Date : 30-Jul-2021 , 12:23:41 pm | Posted By CS MANJU LAUR
...
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Corporate Law
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BEE Registration For Electronics & Electrical Appliances
Posted Date : 30-Jul-2021 , 12:14:52 pm | Posted By CS MANJU LAUR
...
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Corporate Law
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(LLP) Limited Liability Partnership
Posted Date : 26-Jul-2021 , 01:21:34 pm | Posted By CS MANJU LAUR
...
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Corporate Law
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CBIC ABOLISHES LICENCE RENEWAL REQUIREMENT FOR CUSTOMS BROKERS, AUTHORISED CARRIERS
Posted Date : 26-Jul-2021 , 10:50:51 am | Posted By Lalit Rajput 
CBIC ABOLISHES LICENCE RENEWAL REQUIREMENT FOR CUSTOMS BROKERS, AUTHORISED CARRIERS
The Central Board of Indirect Taxes and Customs (CBIC) has w.e.f. 23.07.2021 abolished the requirement of periodic renewals of Licence/Registration issued to Customs Brokers and Authorised Carriers. This w...
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Corporate Law
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AGM EXTENSION BY TOP 100 LISTED ENTITIES BY MARKET CAPITALIZATION - SEBI
Posted Date : 24-Jul-2021 , 05:21:24 pm | Posted By Lalit Rajput
AGM EXTENSION BY TOP 100 LISTED ENTITIES BY MARKET CAPITALIZATION
Securities and Exchange Board of India (SEBI) vide notification / Circular SEBI/HO/CFD/CMD1/P/CIR/2021/602 dated 23rd July, 2021, has introduced and published “Extension of time for holding the Annual General Meetin...
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SEBI
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REMOVAL OF COMPANY’S NAME AS PER SECTION 248(2) OF THE COMPANIES ACT, 2013:
Posted Date : 24-Jul-2021 , 12:39:27 am | Posted By Ekta Sharma
REMOVAL OF COMPANY’S NAME AS PER SECTION 248(2) OF THE COMPANIES ACT, 2013:
The Companies which do not want to carry out any business operations and are just bearing the burden of annual compliances can proceed with the closure of the Company through the provisions of Section 248 (2) and 249 ...
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Corporate Law
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Foreign Liabilities and Assets (FLA)
Posted Date : 23-Jul-2021 , 12:19:07 pm | Posted By CS MANJU LAUR
Foreign Liabilities and Assets (FLA)
Foreign Liabilities and Assets (FLA) is an Annual Return which is to be submitted by all those Indian Resident Companies which have received Foreign Direct investment (FDI) and/or made Investment Overseas (FDI Abroad) in previous year(s) which shall also include...
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Category :
FEMA
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(DIN) Director Identification Number
Posted Date : 22-Jul-2021 , 05:42:08 pm | Posted By CS MANJU LAUR
...
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Category :
Income Tax
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GST REGISTRATION
Posted Date : 21-Jul-2021 , 03:12:43 pm | Posted By CS MANJU LAUR
GST Registration
GST
GST is the biggest tax reform of the Country that subsumed various taxes in a single tax. With the introduction of GST the cascading effect has been abolished. It is an indirect nature tax applicable on the supply of goods or services or both. The taxable event...
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Category :
GST
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LMPC Certification
Posted Date : 20-Jul-2021 , 01:37:38 pm | Posted By CS MANJU LAUR
LMPC Certification
Customs Authorities are getting stricter regarding the implementation of Legal Metrology laws on businesses in India. No person can import any weight or measure, unless he obtains an importer certificate under section 19 of Legal Metrology Act, 2009. The purpose of thes...
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Corporate Law
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Equipment Type Approval (ETA) License
Posted Date : 20-Jul-2021 , 12:15:45 pm | Posted By CS MANJU LAUR
What is WPC?
A wing was established in 1952 by the Government of India called The Wireless Planning & Coordination (WPC). WPC is a branch of Department of Telecommunications established under the Ministry of Communications and Information Technology of the Government of India. WPC is the Nation...
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Corporate Law
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INTERNATIONAL TRADEMARK
Posted Date : 19-Jul-2021 , 06:01:26 pm | Posted By CS MANJU LAUR
International Trademark
Trademark
A trademark is a sign capable of distinguishing the goods or services...
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Corporate Law
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0
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TAX Deducted on Source- Provisions for TDS on Purchase of Goods
Posted Date : 17-Jul-2021 , 04:04:13 pm | Posted By Ishita Ramani
TDS- Tax Deducted at Source, is deducted for the payment that exceeds a specified due limit. However, this was the case earlier. But now, from 1st July 2021, apart from the current scope of TDS deduction applicable on the notified nature of payment of expenses, businesses are required to d...
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Category :
Income Tax
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0
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CHECKLIST FOR NAME CHANGE OF LISTED COMPANY
Posted Date : 10-Jul-2021 , 01:28:55 pm | Posted By SUJEET KUMAR
CHECKLIST FOR NAME CHANGE OF LISTED COMPANY
S. No
Particulars
Attachment/Agenda
1
Convene a Board Meeting
Agenda:
Approval for change in name of company.
Authority for filing RUN form.
2
File RUN form
...
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Category :
Corporate Law
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0
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FORM FCGPR (THEORETICAL AND PRACTICAL ASPECTS)
Posted Date : 10-Jul-2021 , 01:28:16 pm | Posted By SUJEET KUMAR
FORM FCGPR (THEORETICAL AND PRACTICAL ASPECTS)
With the objective of integrating the extant reporting structures of various types of foreign investment in India, RBI introduced Single Master Form (SMF) through its Notification RBI/2017-18/194 A.P (DIR Series) Circular No.30. Dated June 07, ...
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Category :
FEMA
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0
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Where to Invest Money in India Now – Booming Market & Money Making
Posted Date : 08-Jul-2021 , 05:16:55 pm | Posted By CA JATIN KUMAR RATHOR
General believe lies among several goes saying Stock Market is very unstable, tempestuous, uncertain, gamble and nobody likes taking risks in terms of hard earned money. But the truth lies in fact It has given Extraordinary returns to discipline Investors who understood the power of compoundin...
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Category :
Finance
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0
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GST on Supply of Electricity - Dilemma of Levy
Posted Date : 06-Jul-2021 , 05:50:29 pm | Posted By Ankit Khandelwal
Introduction
Electricity or Electrical Energy is one of the major source of revenue for the state governments as it comes under the state list of the Constitution wherein they are collecting electricity charges from the customers. This is one of the major contentious issues whether it would be supp...
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Category :
GST
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0
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