The Ministry of Corporate Affairs (MCA) issued a Circular on February 17, 2020, mandating the Insolvency professionals who are also called Interim Resolution Professional (IRP) or Resolution Professionals (RP) or Liquidators, appointed under Insolvency Bankruptcy Code 2016 to fill the forms in the Registry (MCA-21).This is in continuation to the representations received by the ministry from…
GST is one of the important enactment in the free India, which intends to change the entire indirect taxation regime, both taxation and filing aspects. This was a result of lengthy discussion and deliberations. Determination of place of supply of goods or services is very important in GST as the system involves many states and…
The Institute of Company Secretaries of India (ICSI) has initiated a Unique Document Identification Number (UDIN) system in an attempted to have an increased sense of self-governance and strengthen the future practising side of company secretaries. at present the Practicing Company Secretaries are keeping registers with details of the attestation and and certifications they…
The term interpretation means “To give meaning to”. Governmental power has been divided into three wings namely the legislature, the executive and the judiciary. Interpretation of statues to render justice is the primary function of the judiciary. It is the duty of the Court to interpret the Act and give meaning to each word of the Statute. The most common rule of interpretation …
Income from House property has become so common in the changed employment and earning environment as most of the people started buying their second home in the urban area. Income Tax Act 1961 have elaborate provisions regarding the taxability and exemption and exceptions available to such income. In this article we are trying to…
Part 1 1. Basic Salary This is a fixed component in your paycheck and forms the basis of other portions of your salary, hence the name. For instance, HRA is defined as a percentage (as per the company’s discretion) of this basic salary. Your PF is deducted at 12% of your basic salary. It is…
Many salaried employees might be very well aware of the term ‘professional tax’ as it would have been mentioned in the payslips/Form 16 issued to them. But all of them may or may not understand what it is and why is it appearing in their payslips/Form 16 as a deduction from their salary…
Post liberalisation, India is growing as a big market for businesses across the globe. As the growth pace has increased, enthusiasm from foreign entities to have business operations in India also grown. India have a unique advantage of largest young human resource in the word with one of the fastest growing market. There are…
Let you be a businessman or professional, an icon or to be an icon, you always want to grow. Communication is the biggest asset one can have to grow professionally. So write professionally, behave professionally and speak professionally. Professionals say that, it is not important what are you saying, but it is very important how…
One of the rare of the rarest cases, Securities Exchange Board of India fined National Stock Exchange, the largest stock exchange in India, with Rs. 1100 crores and also barring the bourse from accessing securities market for 6 months. It was in 2010, National Stock Exchange (NSE) had started a facility to allow its brokers…
