In the intricate world of Indian business, distressed companies often stand at a crossroads, desperately seeking pathways to restructure and rise again. But what happens when conflicting legal paths emerge, throwing both companies and creditors into a labyrinth of uncertainty?
As per the Amendment made by the Finance Act, 2023 clause (h) shall be inserted after clause (g) of section 43B which says that if assessee makes payment to micro or small enterprises beyond the limit specified in section 15 of the MSME Act, 2006
This article delves into the specific case of leave encashment for former Madhya Pradesh State Electricity Board (MPSEB) employees after its conversion into a company, analyzing the various aspects and legal arguments involved.
A recent judgment by the Bombay High Court has shed light on a crucial nuance within this framework, clarifying the roles and responsibilities of both MSMEs and their lenders.
In the intricate world of Goods and Services Tax (GST), staying abreast of changes and adopting efficient practices is crucial for businesses. One such recent development is the introduction of the Electronic Credit Reversal and Reclaim Statement (ECRRS).
Planning your expenses holds significant importance. It forms the base of financial stability and empowerment. By meticulously tracking where every rupee spent, you gain invaluable insights into your spending habits, paving the way for informed decisions that align with your financial goals
RBI issued a circular no. CO.DOS.RPD.No.7534/33-06-001/2023-24 dated January 01, 2024 requiring all Non-Banking Financial Companies (NBFCs) to file the applicable returns on new Centralized Information Management System (CIMS) platform.
Let's delve into the legal principles at play, understand the reasoning behind the conflicting viewpoints, and chart a course towards a clear understanding of this complex tax issue.
Recognizing this vulnerability, SEBI has announced a groundbreaking framework that empowers investors with the ability to voluntarily freeze or block the online access of their trading accounts in case of suspicious activity.
In this article, we'll discuss everything you need to know about filing GSTR 10, including what it means, who needs to file, the due date, and the penalty for non-compliance.
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