Existing provision of the Companies Act, 2013 Section 173 of the Companies Act, 2013 (Act) prescribes that the gap between two consecutive board meetings should…
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Clarification issued by Ministry of Corporate Affairs (MCA) on 3 May 2021 for board meetings
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Applicability of Accounting Standards to Non-Company Entities
The scheme for applicability of Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI) to non-company entities shall come into effect for…
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Amendment to Schedule III to the Companies Act, 2013
The Ministry of Corporate Affairs notified amendments to Schedule III of the Companies Act, 2013.
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Budget 2020 abolished Dividend Distribution Tax (DDT) and dividend taxation was shifted on shareholders. Resident Shareholders were liable to pay tax on dividend as per…
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New Delhi unveiled India's much-anticipated annual budget this month, with a heavy focus on repairing a pandemic-battered economy and made a surprise move: it made…
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Keeping with Digital India drive, revenue authorities have been on the forefront to enable digital interface between the taxpayers and the officials.
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MSMEs and Start-ups – Benefits, Relaxations and Relief measures
A detailed overview of MSMEs and Start-ups, including registrations, benefits, relevant government initiatives and relaxations.
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A foreign company can do business in India either through opening a liaison office (“LO") or a branch office or a limited liability partnership firm.
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The clutches of withholding tax provisions have not pardoned anyone when it comes to discharging obligation under the Income-tax Act and the game of cricket…