Table of Content What does the Income tax audit means? Applicability of tax audit? Rationalization of provisions relating to tax audit in certain cases Pre-filing of Returns in case of Income from Business or Profession Due date of filing of return u/s 139 Penalty of non filing or delay in filing tax audit report What…
Table of Content Why it is necessary to obtain? Authorities that are certifying for Digital Signature Certificate (DSC) Classes of Digital Signature Certificate (DSC) How can one apply for Digital Signature Certificate (DSC)? Fulfilling statutory compliances A Digital Signature Certificate is a secure digital key that is issued by the certifying authorities for the purpose…
Table of Content What is International Taxation? Need of International Taxation Double Taxation Double Taxation Relief Transfer pricing Controlled foreign corporation (CFC) Black money and imposition of tax act What is International Taxation? International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries…
As announced in the Statement of Developmental and Regulatory Policies on March 27, 2020, the Reserve Bank will conduct TLTROs of up to three years tenor of appropriate sizes for a total amount of up to ₹ 100000 crores. So far, TLTROs for ₹ 50,000 crores have been conducted in two tranches. It has now…
The spread of Novel Corona Virus (COVID-19) across many countries of the world, including India, has caused immense loss to the lives of people and resultantly impacted the trade and industry. In view of the emergent situation and challenges faced by taxpayers in meeting the compliance requirements under various provisions of the Central Goods and…
Due to the COVID-19 outbreak and lockdown situation prevailing in the Country, various provisions of the Companies Act, 2013 and rules made there under have already been relaxed by the Ministry of Corporate Affairs (MCA) for ease of compliance by the stakeholders. Few queries have been received from members of ISCI on the compliance of…
Table of Content Provisions as per Corporate Law As per Section 66 of the Companies Act, 2013 as defined below Modes of Reduction Benefits of Reduction of Share Capital Procedure for Capital Reduction Checklist of Document Required The Companies majorly adopt the Reduction of share capital for their internal restructuring or for altering their capital…
Table of Content Brief description Actions points required to be taken after receiving a fresh Certificate Incorporation A Company being a legal entity have its own name which in order to establish its independent corporate existence which serves as symbol of being easily identifiable from others. An existing Company can change its name thereby alerting…
1. Extension of realization period of export proceeds Presently value of the goods or software exports made by the exporters is required to be realized fully and repatriated to the country within a period of 9 months from the date of exports. In view of the disruption caused by the COVID-19 pandemic, the time period…