RIGHTS ISSUE TO NRIS BRIEF INTRODUCTION Right issues refers to the further issuance of securities to existing shareholders and such an approach is used in rasiing additional capital for the corporate entity. A public Ltd. Entity is allowed to issue rights shares and the same is governed by the section 62(1) of the Companies Act, 2013. A rights issue is distinguished …
Re-Availment Of Input Tax Credit Reversed BRIEF INTRODUCTION As per the section 16 of CGST Act, 2017, the eligibility and conditions in respect of availment of input tax credit has been provided. Thus, every person, registered under GST, would be entitled to claim credit in respect of input tax, being paid by them on supply of products or services or …
Nidhi Company Frequently Asked Questions Q.: How does the Nidhi Company use the funds it receives? The Nidhi Company lends the cash to shareholders in accordance with Nidhi Rules. It lends such funds in the form of small business and financial loans. Q.: Are Nidhi Company deposits safe and secure? Deposits with such firms are …
All about the Director KYC DIR- 3 KYC Filing DIR- 3 KYC Filing- File DIR-3 KYC Before 30th September A director identification number (DIN) is a unique number assigned to a person who wishes to become a director or who is already a director of a corporation. In this digital age, submitting an eForm DIR-3 …
FAQS ON FCRA REGISTRATION Does FCRA regulated by the Reserve Bank of India? FCRA is an integral legislation, thus the same is not regulated by RBI. FCRA regulations are undertaken by the Ministry of Home Affairs, Government of India. Does FEMA apply to contribution received by the Indian NGOs? It is to be noted that …
Read about the Application of GST on Contribution By RWA Members BRIEF INTRODUCTION With the introduction of GST in 2017, Entry 77 was introduced via Notification No. 12/2017-CT dated June 28, 2017. As per the notification, exemption was granted in respect of contribution, being received by RWAs in way over Rs. 7,500. As per the clarifications issued …
45th GST Council Meeting the GST council held its 45th GST Council meeting On the 17th of September, 2021, which resulted in revisions to the GST rate on goods and services, clarifications in various areas, and procedural improvements. All of the Recommendations and Changes are detailed here. Life-saving drugs Zolgensma and Viltepso used in the …
FREQUENTLY ASKED QUESTIONS ON TAX AUDIT UNDER INCOME TAX ACT Q-1. What provision is stated in section 44AB? Ans. This provision specifies that taxpayers must perform an audit of their company or profession in order to provide an audit report for taxes purposes. Q-2. Who does tax audits? Ans. A tax audit is performed by …
An Overview Income Tax Audit A tax audit may only be undertaken by a Chartered Accountant or a partnership of Chartered Accountants. If the latter is used, the name of the signatory who signed the report on behalf of the company must be included in the audit report. When registering at the e-filing site, the …
Complete Understanding on collapse of Yes Bank BRIEF INTRODUCTION YES Bank has joined the growing list of financial institutions like IL&FS, DHFL, PMC bank that have come under the cloud for serious non-governance/compliance issues. a continual decline within the asset quality of 1 of the foremost popular retail banks of recent times, prompted RBI to come up with a series of measures to keep up stability within the financial sector. PROPOSED REVIVAL PLAN …