The government now has designated Finance Professionals such as Chartered Accountants, Company Secretaries and Cost & Works Accountants as “Reporting Entities” under the Prevention of Money Laundering (PML) Act, if...
Posted by | July 18, 2022
Hotel, Guest Houses and Restaurants Exemption on following services is being withdrawn: Renting of residential dwelling to business entities (registered persons). Hotel accommodation services having price up to Rs.1000/day or...
Posted by | December 31, 2021
Whilst we all are looking forward to welcome the New Year 2022, there are certain important changes in GST Law, which are waiting to grab our attention as those will...
Posted by | September 14, 2021
The Government of India has provided a massive relief to the exporters by releasing Rs. 56,027 crores under various Export Promotion Schemes. This amount is over and above duty remission...
Posted by | July 7, 2021
Prior to enactment of Finance Bill 2021, Gains on distribution of capital asset to a Partner of firm on dissolution or otherwise was subject to Capital Gains tax in hands...
Posted by | June 17, 2021
The erstwhile Rule 4 of the Companies (Meeting of Board and its Powers) Rules, 2014 mandated that the following matters cannot be dealt with in any meeting held through video...
Posted by | June 9, 2021
The Finance Bill 2021 inserted two new sections 206AB & 206CCA that provide for a higher rate of TDS / TCS to be applied for Specified Persons effective from July...
Posted by | June 5, 2021
The Ministry of Corporate Affairs (MCA) has recently notified certain amendments in Section 135 – Corporate Social Responsibility (CSR) of the Companies Act 2013 under The Companies (Corporate Social Responsibility Policy) Amendment Rules,...
Posted by | May 20, 2021
In view of the current pandemic situation in the country, the CBDT has provided the much needed relaxations in the timeline for filing income tax returns and submission of audit...
Posted by | May 8, 2021
By extending the deadlines for filing various GST returns and providing waivers for late filing fees, the government has granted significant relief to taxpayers particularly small businesses. For more details...
