Equity shares and Tax planning

Equity shares and Tax planning Traditionally people used to invest in FDs, Post offices, Bonds, etc but due to the increasing inflation and decreased interest rates people are now turning towards Equity shares and Equity Oriented funds. According to the…

Cost Audit Report – Form CRA 4 Due Date Extension for FY 2020-21

Cost Audit Report –Form CRA 4 Due Date Extension for FY 2020-21 On account of extraordinary disruption caused due to the COVID 19 pandemic, the Ministry of Corporate Affairs (MCA) vide Circular dated 27.10.2021 has announced the extension of the…

Benefits of IE Code Registration

 IE Code Importance Any business wanting to commence with the import and export in India require an IE Code. The Director-General of Foreign Trade issues the Import Export Code and is essentially a 10 digit code with lifetime validity. The…

Limited Liability Partnership (Amendment) Act, 2021

Limited Liability Partnership (Amendment) Act, 2021 Recently, on 13th August 2021, the President approved the Limited Liability Partnership (Amendment) Bill, 2021. Accordingly, post receipt of the assent, the same became the Limited Liability Partnership (Amendment) Act, 2021. The key points…

Producer Companies Rules, 2021

Producer Companies Rules, 2021 Recently, on 11th February 2021, the Ministry of Corporate Affairs announced the Producer Companies Rules, 2021. It should be noted here that with the introduction of the new rules, the Producer Companies (General Reserve) Rules, 2003…

Recent upgradation of MCA website

Recent upgradation of MCA website The Ministry of Corporate Affairs (i.e., MCA) is progressively implementing the third version of the flagship project MCA21 (NCA 21 Version-3). As a part of the first phase, MCA will carry out the following- Upgradation…

Startup India Seed Fund Scheme (SISFS)

Startup India Seed Fund Scheme (SISFS) To build a startup conducive ecosystem the Government of India launched a Startup India Seed Fund Scheme on the 16th of January 2014 to provide opportunities for the growth of the enterprises. Financial assistance…

Income Tax Rates for Assessment Year 2022-2023

Income Tax Rates for Assessment Year 2022-2023 The present article covers the income tax slab rates as applicable for the Assessment Year 2021-2022 (Financial Year 2021-2022). Income tax slab for individuals (including resident senior citizen and resident super senior citizen)…

Companies (Specification of Definition details) Amendment Rules 2021

Companies (Specification of Definition details) Amendment Rules 2021 The Ministry of Corporate Affairs (MCA) on February 01, 2021, has issued the Companies (Specification of Definitions Details) Amendment Rules, 2021. The definition under the Companies Act, 2013 for Small Companies has…

Condonation of Delay Scheme for Defaulting Companies

Condonation of Delay Scheme for Defaulting Companies Vide general circular no. 03/2021 dated 15th January 2021, the Ministry of Corporate Affairs introduces the scheme for condonation of delay. The Scheme applies to the companies which are restored, under provisions of…