CAclubindia Articles

Consumer dispute resolution through mediation under Consumer Protection Act,2019

FCS Deepak Pratap Singh 26 February 2022 at 08:51

As you are aware that the Consumer Protection Act, 1986 is serving consumer fraternity since last three decades. This act has been promulgated to protect the interest of consumers from Unfair Trade Practices and fraudulent trade practices adopted by market players. The Act, 1986 is a three-tier redressal system having appellate jurisdictions.

Investment Options for Saving Tax

Neethi V. Kannanth 25 February 2022 at 16:55

As we are marching towards the end of the F.Y. 2021-22, it’s time to make a few last-minute investments to save taxes. Here are some of the options available to you as mentioned in this article.

Self Proficiency Test for Independent Directors

Neethi V. Kannanth 25 February 2022 at 14:03

As per section 150(1), an independent director can be selected from the data bank containing the names, addresses and qualifications of persons. Such persons should also be eligible and willing to be appointed as an Independent Director.

Whether financial creditor of holding Co. considered as FC of subsidiary if subsidiary given loan security

FCS Deepak Pratap Singh 25 February 2022 at 08:58

The case essentially deals with a third-party mortgage extended by the Corporate Debtor for a loan taken by its holding company, wherein the Corporate Debtor mortgaged its property for such borrowing.

How Will Russia's Invasion of Ukraine Affect Taxes & Trade in India?

Mayank Mohanka 25 February 2022 at 08:58

As I am penning down this piece, the market capitalisation worth Rs. 13.4 lakhs crores have already been eroded with BSE index plunging by 2700 points and NSE index tanking by 815 points, on account of Russia’s launching of a special military operation cum all-out invasion by land, air and sea of Ukraine on 24.2.2022.

Updated Return- Advantages and Disadvantages

CA Umesh Sharma 25 February 2022 at 08:58

Government is trying to provide an opportunity to taxpayers to disclose their income which was previously omitted to be disclosed, and on the other hand will also generate additional revenue for the government. It will facilitate ease of compliance to the taxpayer in a litigation free environment.

Future prospects should be paid even in case of notional income - Motor Vehicles Act,1988

FCS Deepak Pratap Singh 25 February 2022 at 08:58

In the recent case passed by the three-judge bench of the Supreme Court on 5 January 2021, the court granted future prospects even in cases of national income.

Startup India Seed Fund Scheme

InstaFiling Team 24 February 2022 at 14:16

DPIIT has created Startup India Seed Fund Scheme (SISFS) with an outlay of INR 945 Crore to provide financial assistance to startups for Proof of Concept, prototype development, product trials, market entry, and commercialization It will support an estimated 3,600 entrepreneurs through 300 incubators in the next 4 years.

Financial Literacy - The need of the hour

Poojitha Raam Vinay 24 February 2022 at 11:29

The pandemic has put not only lives in danger but also many out of jobs resulting in a financial crisis. This has alarmed people to save for the rainy days.

Calculation of taxable and non-taxable interests under EPF/GPF accounts

FCS Deepak Pratap Singh 24 February 2022 at 09:05

The Government has changed the rules for calculation of interest on EPF/GPF/RPF Accounts and has set threshold limit for contribution in EPF Rs. 2.50 Lakhs and GPF Rs. 5.00 Lakhs on which interest received will not be taxable.