The adoption of IT no longer remains a choice. It is critical for the firms to consider effective implementation of IT infrastructure to obtain the desired results.
The MCA has released a list of forms for which relaxation is provided vide General Circular No. 11/2021 & 12/2021. For the purpose of General Circular No. 06/2021 & 07/2021, a list of 53 forms was already in existence. In addition to that the MCA has added 4 more forms.
The CBDT on 30th June, 2021, has issued a set of guidelines in regards to the application of Section 194Q w.e.f. 1st July, 2021 vide Circular No. 12/2021.
A rule of thumb is a simple yet practical approach to any particular subject or course of action. It is a basic rule-set that gives practical instructions to accomplish a certain task.
In this article, I have tried to summarize the notifications issued by MCA from time to time in the month of June'21.
The full form of FCRA is Foreign Contribution Regulation Act. When any charitable institution such as Trust, Society and Section 8 Company, wishes to receive funds or donations from foreign entity/resources, they shall register themselves under the Foreign Contribution Regulation Act, 2010.
Highlighting the significant changes brought in by the virtue of the Finance Act 2021 in context to the Income Tax assessments to be made in pursuance to an Income Tax Search and Seizure Action conducted u/s 132.
Show cause notice is a notice served by the department giving an opportunity for a person to explain with reasons as to why a particular course of action should not be taken against him.
On the 1st of July every year, we honour all the Chartered Accountants across the nation as we consider that Chartered Accountancy is a profession that gives direction to the financial condition of any country.
This Bill is still under consideration by a 30 member team which includes a Joint Parliamentary Committee who is soon expected to give a finishing touch to the Bill.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)