Proposed amendment to Related Party Transaction under Companies Act, 2013 INTRODUCTION 1. With an objective of addressing and resolving the ‘shoe-pinching’ issues in Companies Act, 2013 (‘the Act’), the Government on 4th June, 2015, constituted 8 members’ Company Law Committee. The said Committee was headed by Secretary, Ministry of Corporate Affairs. On 1st February, 2016, […]
EXEMPTION TO CONSTRUCTION RELATED SERVICES PROVIDED TO GOVERNMENT Services provided to Government, Local Authority or Governmental Authority by way of Construction etc of Civil Structure / Residential Complex (w.e.f. 1.3.2016)(Entry No. 12A of Notification No. 25/2012-ST
Changes in Service Tax, Excise, Customs Duty vide Union Budget 2016: Open issues The Union Budget, 2016, proposing flurry of changes in Indirect Taxes, has been a talk of the town since the day of its presentation. On May 5, 2016, the Lok Sabha passed the Finance Bill, 2016 and later on May 11, 2016, […]
KVAT: Settling the dust on the Input Tax issue The Value Added System of Taxation of Goods was introduced in order to address the issue of multiplicity of taxes and cascading effect of such taxes in the transaction chain. In the erstwhile single point taxation, goods which underwent any manufacture or processing where subject to […]
Legal Heir Registration on Income Tax e-filing website A legal Heir is An individual who receives an interest in, or ownership of, land, tenements, or hereditaments from an ancestor who has died intestate, through the laws of Descent and Distribution. At Common Law, an heir was the individual appointed by law to succeed to the […]