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Analysis of New Rule 33A inserted vide Companies (Incorporation) Fifth Amendment Rules, 2021

  FCS Deepak Pratap Singh    21 August 2021 at 09:56

MCA has notified the Companies (Incorporation) Fifth Amendment Rules, 2021 by inserting Section 33A after Rule 33 of the Companies (Incorporation) Rules, 2014.



Points To Be Checked Before Filing Your ITR FY 2020-21

  FCS Deepak Pratap Singh    21 August 2021 at 09:55

Discussing 7 important points that must be checked before filing your ITR for FY 2020-21. These include linking your PAN with Aadhaar, Bank Account with PAN, Downloading Form 26AS etc.



Section 194D: TDS On Payment Of Commission By Insurance Companies

  FCS Deepak Pratap Singh    21 August 2021 at 09:55

TDS must be deducted by the entity who makes the payment to the resident person, as remuneration/rewards, by the way of commission or for soliciting insurance business or for renewal of insurance policies.



Some Facts Related To Compensation Under The Motor Vehicles Act, 1988

  FCS Deepak Pratap Singh    21 August 2021 at 09:55

The Motor Vehicles Act, 1988 aims to regulate the use of motor vehicles and to compensate those who are injured or killed in a crash, as well as their family members and dependents, if applicable.



IND AS 108 - Operating Segments

  Sachin    21 August 2021 at 09:55

IND AS 108 - Operating Segments is important for the stakeholders to understand and evaluate the performance of a business. However, it is not a part of Schedule III, but a part of SEBI disclosure.



Section wise Impact of LLP Amendment Act, 2021

  CS Divesh Goyal    21 August 2021 at 09:53

Both houses of Parliament has approved the LLP Amendment Bill, 2021. Finally, the same got the approval of the President of India on 13th August 2021 and became the LLP Amendment Act, 2021.



Relaxation From Passing Of Online Proficiency Test

  CS Divesh Goyal    21 August 2021 at 09:53

An individual shall not be required to pass the online proficiency self-assessment test when he has served for a total period of not less than three years as on the date of inclusion of his name in the data bank.



Amendment in provisions of independent director

  CS Divesh Goyal    21 August 2021 at 09:53

MCA has issued The Companies (Appointment and Qualification of Directors) Amendment Rules, 2021 on 19th August 2021 which will come into effect from 20th August 2021.



Penalty / Fine - LLP (Amendment) Act, 2021

  CS Divesh Goyal    21 August 2021 at 09:53

The LLP (Amendment) Act, 2021 got the approval of the President of India on 13th August 2021 and became the LLP Amendment Act, 2021. Let us discuss the changes in Fine / Penalty under the LLP Act, 2008.



What is recourse available to deal with Notices on Mismatch of GSTR-2A and GSTR-3B

  Bimal Jain    20 August 2021 at 14:19

It has been proposed to insert the new clause ‘(aa)’, after clause (a), in Section 16(2) of the CGST Act, that provides an additional requirement to claim ITC based on GSTR-2A and newly introduced GSTR-2B.