Whenever people have queries regarding investing their money, Mutual Funds is a term that they often hear multiple times. Mutual Funds can be smart investments for almost any investor. But most times they do not know what is Mutual Fund or how does it exactly work. Mutual Funds are new age investments that offer adaptability and more …
1. Appointment of First Auditor of the corporate with 30 Days of Registration of the corporate As per Section 139 of the businesses Act, 2013 every auditor before his appointment shall provide his consent for such a meeting and submit a certificate that satisfies the standards as mentioned under Section 141 of Companies Act, 2013 …
Financial year or financial year in India, may be a time counted in 12 months, from 1st April to 31st March, when an amount of cash is earned. As per the Government’s tax policy, the income of this point is taken into account to be taxable within the succeeding year, that’s called Assessment year. during …
The Union Budget 2021-22 was presented by the Hon’ble minister of finance Nirmala Sitharaman on 1st February 2021 within the Parliament. The Budget speech was given by the FM from 11 a.m. to 1 p.m. This year’s Budget lays specialise in the seven pillars for reviving the economy – Health and Wellbeing, Physical and Financial …
The Ministry of Corporate Affairs (MCA) through a notification dated 18th December 2020, relaxed both the requirements and timelines for the Online Self-Assessment Proficiency Test Independent Directors must take under the amended Companies (Appointment and Qualification of Directors) Rules, 2014. Passing the Online Test was a prerequisite for every individual to pass for their name …
Introduction MCA on 24th of December, 2020 inserted the new rule 9A. The rule provides the extension in the time limit for the reservation of name. Rule 9 An application for reservation of name shall be made through the web service available at www.mca.gov.in by using web service SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus: …
FDI or Foreign Direct Investment allows a business outside India, make an investment during a business in India. The role of FDI is best explained here and the way it helps accelerate the growth: FDI extends Capital – FDI is predicted to usher in the capital that’s important for the developing countries to enjoy better …
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION No. 35/2020–Central Tax New Delhi, the 3rd April, 2020 G.S.R. 235(E).-In exercise of the powers conferred by section 168A of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), read with section 20 of the Integrated …
Overview: In furtherance to the declared policy objective of the Government to encourage digital economy and move towards a less-cash economy,Section 269SU shall come into force with effect from 1st November, 2019. The Central Government proposes to promote electronic modes of payment for the payer for the purposes of Section 269SU. No Bank / System provider …
The Central Government just recently made changes to the Rules regulating the manner of issuing the tax invoices by issuing Notifications 68/2019 to 72/2019 on 13th December 2019. Here are the key takeaways to note which could change the manner you issue tax invoices. Notification 68 notifies of sub-rules (4), (5) & (6) after sub-rule …