New definition of Small and Medium companies in Accounting Standard
The ministry of corporate affairs (MCA) has notified The Companies (Accounting Standards) Amendment, Rules 2021 on 23rd June 2021. These Rules came into...
Month: June 2021
GST on Ocean Freight in case of Import of Goods
The two most popular means of transportation of the goods from one country to another are through sea routes and...
Form 10AB | Final Registration Under Section 80G of Income Tax Act for NGO
Dear friends, as we all know from 01.04.2021, there has been drastic change made in registration process of NGO, which...
How to apply for IEC Code/Import Export Code ?
The Import Export Code (IEC) is one of the key business identification numbers which is mandatory for performing Exports or...
How to Surrender IEC Code ?
IEC (Import Export Code) Import Export Code (in short IEC Code) is a ten-digit number granted by Directorate General of...
Section 233 of the Companies Act: Fast Track Merger Process
Overview Section 233 of the Companies Act, 2013 introduces the globally accepted concept of Fast Track Merger Process which introduces...
DPT-3 RETURN OF DEPOSITS
DPT-3 RETURN OF DEPOSITS Introduction: Pursuant to Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014 -every Company to which these rules apply;...
Section 2(15) of Income Tax Act, 1961: Medical relief a charitable purpose
As per Section 2(15), of the Income Tax Act 1961 ‘charitable purpose’ include relief of the poor, education, yoga, medical...
Clarification for use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961
https://youtu.be/ZCHuux-oSGM Clarification for use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961 Posted On: 22 JUN...
Section 6 of Income Tax Act, 1961
Section 6 of Income Tax Act, 1961 contains provision relating to Residence in India. The taxability of an assessee is dependent on...