Saving Western Ghats-Our Lifeline.

Rajajinagar Residents Welfare Association has started an online petition to save Western Ghats which is a bio-diversity hotspot in the world and our lifeline. Enclosed is the link to add your might by signing for the petition.Kindly sign and share and let your signature matter. http://chng.it/smB2QKkd

Here are five things to know about the new EPF rules

This move will also introduce liquidity of Rs 6,750 crores to employers and employees over the course of three months. The labour ministry has notified the new rules for employees’ provident fund or EPF contribution. In an announcement last week, Finance Minister Nirmala Sitharama stated that the statutory provident fund contribution by the employers as…

Aftermath of Covid-19- The Way Ahead

We are all seeing the most catastrophic event affecting the world by way of coronavirus (COVID-19). Nations across the globe have been severely affected in ways which they had least anticipated and were unprepared for. Economies of the nations have been affected, their health care systems have been severely tested and employment opportunities have been…

Dimensions of Prevention of Money Laundering Act, 2002

Background Throughout the world, money earned through illegal means is a major cause for worry for the Government. The illegal money which is earned, is masked and reintroduced into the regular economy through varied ways, thereby bringing a shell of respectability for ill-gotten wealth and depriving the Government revenue arising out of such transactions. The…

MSMED Act, 2006

Introduction The Global Economy is currently growing at a slow pace. The same can be said of the Indian Economy also, which is growing at a sluggish rate. To ensure that Indian economy is back on track and to ensure that it is one of the fastest growing economies in the world, focus on development…

Income Tax Updates

Following are some important updates from the Income Tax Department relevant for professionals and TaxpayersIncome Tax Department notifies Cost Inflation Index (CII) for FY 2019-20 as 289. This is relevant for taxpayers having income from Capital Gains.CII NotificationIncome Tax Department issues guidelines for Manual selection of Returns for ScrutinyManual Scrutiny Guidelines

Insight Into Benami Transactions (Prohibition) Amendment Act, 2016

An article on the Benami Transactions (Prohibition) Amendment Act, 2016The article covers the background, legislative history, Key aspects, Officers' Responsibilities and FAQs. The article can be found here- https://taxguru.in/income-tax/insight-benami-transactions-prohibition-amendment-act-2016.html

Cashless Economy and the Role of Banks

Traditionally, Indian Economy had been an economy where cash has been the King in the settlement between various parties. This was mainly because organized banking had not spread throughout the length and breadth of the country. However, the nationalization of the banks in the year 1969, by the Central Government to some extent had increased…

Elections- Its Impact On Indian Economy

The coming elections will have a huge impact on the economy of the country. Many of the Make-in-India initiatives will bear fruit in the coming days and India shall need a stable Government to continue the same.If the ruling party is elected, many of their infrastructure initiatives coupled with Make-in-India initiatives will be continued which…

e-Form-ACTIVE (INC-22A)

Mandatory Active Company Tagging Identities and Verification (ACTIVE) as per Rule 25A of Companies (Incorporation) Rules, 2014 vide Companies (Incorporation) Amendment Rules, 2019 (a newly inserted provision) for companies incorporated on or before 31st December 2017 Provisions of the Act Every company incorporated on or before the 31st December 2017 shall file the particulars of…