Chartered Accountants
The CBIC, considering the situation of COVID-19 pandemic in India, has extended the due date for filing GSTR-4 pertaining to financial year 2019-20 to 31st of August 2020. Notification is enclosed herein. NotificationDownload
An article on Assessment of Charitable Trusts pertaining to the issue of 'Excess Application of Income over Income Derived'. The article discusses whether the excess of income applied for objectives of Trusts in India is eligible to be set off against Income derived by such Trusts in the subsequent years. https://taxguru.in/income-tax/assessments-charitable-trusts-excess-application-income.html
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…
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…
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…
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…
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…
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