CBDT Notification providing relaxation for – Central Board of Direct Taxes (‘CBDT’) has vide notification dated 13th July, 2020 has…
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Guidance note on Mutual Agreement Procedure (MAP) and impact of ITAT orders on MAP
MAP is a type of tax dispute resolution mechanism, for resolving issues involving double taxation or taxation not in accordance…
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Exemption on certain allowances to be continued to salaried employees under the new tax regime
With an aim to make taxation simpler for individual tax payer, the Budget 2020 had introduced a new Concessional Tax…
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Certain Relief in Residential Status for FY 2019-20
Due to outbreak of the pandemic Covid-19 virus, there are certain number of individuals who had come on a visit…
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Section 36: Period of Retention of Accounts under GST
Every assesse shall retain books of accounts and other records until the expiry of 72 months (6 years) from the…
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Compulsory Registration under GST [Section 24]
Following categories of persons shall be required to be registered under CGST Act, 2017 irrespective of the aggregate turnover: Persons…
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Procedure & Rules for Cancellation of Registration under GST
Circumstances where Registration is liable to be cancelled [section 29 (1) & (2) of CGST Act, 2017] By application of…
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Upcoming Changes in GST Return Filing
The new GST Return Scheme had been launched on a trial basis from July, 2019 and the full-fledged implementation of…
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Special Provision – supply of online Information and Database Access or Retrieval Services [Section 14 of IGST Act, 2017] [OIDAR services]
On supply of online information & database access / retrieval services (OIDAR) by any person located in a non-taxable territory…
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Clarification in respect of levy of GST on Director’s Remuneration
The Central Board of Indirect Taxes and Customs (CBIC) vide circular no. 140/10/2020 dated 10th June 2020 clarified that the…
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Modifications in applicability of E-invoicing under GST
The CBIC has released another latest Notification after amending certain provisons regarding apllicability of E-invoicing under GST vide Notification No.…
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Transfer of Shares of Insurance Companies
Particulars Transfer of shares of more than 1% and upto 5% of paid up share capital Transfer of shares of…
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Extension of Annual General Meeting (AGM) for the financial year ended as on 31.03.2020
Ministry of Corporate Affairs after examining the matter in respect of the representations received by it has consequently clarified vide…
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Extension of relaxation for conducting Board Meeting to approve Financial Statements till 30th September 2020
Ministry of Corporate Affairs(MCA) vide its notification has further relaxed the requirement of holding Board Meetings with physical presence of…
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Amendment in Companies (Appointment and Qualification of Directors) Rules, 2014
Inclusion of Independent Director’s Name in data bank Ministry of Corporate Affairs (MCA) vide notification dated 24th June, 2020 has…
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