The CBIC vide Notification No. 08/2021 Central Tax (Rate) dated September 30, 2021 has further amended Notification No. 01/2017-Central Tax (Rate) dated June 28, 2017 as amended from time to time, in order to adhere to the…
The Ministry of Corporate Affairs (MCA) has extended the due date for holding annual general meetings (AGMs) for the financial year 2020-21 by two months. This extension would mean that companies now have time till…
GST Update: CBIC vide Twitter handle has said that "GST Update on difficulty in updation of Electronic Cash Ledger on 20.09.2021." Late Fee and Interest on late filing of GSTR 3B has been waived for…
Highlights of the recommendations made at 45th GST council meeting provided below :- COVID-19 related item's exemption has been extended till 31-12-2021 earlier it was 30-09-2021.IGST on import of following medicines reduced from 12% to NIL, namely: i.…
With an aim to align the time limit for generating UDIN with the Standards on Auditing and Standard on Quality Control, the Council at its 405 th meeting held on 17 th September 2021 has…
Section 194 of Income Tax Act, 1961 has deal with TDS on dividend. Following are some important points mentioned in this section: Who is liable to deduct tds: The principal officer of an Indian company…
The Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014 deals with the convening of Annual General Meeting. It makes it compulsory to hold an Annual General Company to discuss the yearly results, Auditor’s appointment and…
Under Section 54 of the Income Tax Act, an individual or HUF selling a residential house property can claim exemption from such capital gains if they invest the proceeds in acquisition i.e. purchase or construction…