The Cabinet on 28th July 2021 approved amendments to the LLP Act for decriminalizing offences under the law as the government looks to improve ease of doing business and encourage start-ups.
CBDC will be held in a Digital Wallet and shall be monitored by RBI. What makes it different from the Cryptocurrencies like Bitcoin, Ethereum etc. is that it is regulated and will be considered as a money or currency.
Understanding the Adjusted Gross Revenue woes is very much relevant in the Telecom sector because the Government policies on Telecom will have a direct impact on the future of the Telecom industry.
If any payment is made by any person to an NRI then form No. 15CA 15CB is to be furnished. Earlier only income chargeable to income tax in India had to be reported but now all payments are covered.
Where a dividend has been declared by a company but has not been paid or claimed within 30 days from the date of the declaration by any shareholder then it shall be transferred to an “Unpaid Dividend Account”.
A cloud kitchen is a virtual restaurant, a kitchen that simply accepts incoming orders through online ordering systems and presents no eating facilities.
The value of any benefit or perquisite, whether convertible into money or not, arising from business or the exercise of a profession shall be chargeable to income-tax under the head "Profits & gains of business or profession."
The department contended that the amount recovered by the appellant for non-fulfilment of obligation in terms of the agreement from their suppliers and buyers is nothing but consideration for tolerating an act of their customers.
FLA is an Annual Return on Foreign Liabilities and Assets that is required to be filed by Indian Companies and LLPs. It is mandatory under FEMA 1999 and is to be filed by July 15 every year.
The mission of the Bureau of Energy Efficiency is to help in developing policies and methods with a thrust on self-regulation and market principles, within the framework of the Energy Conservation Act, 2001.
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