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Arbitration under MSMED Act

  CS Lalit Rajput    16 August 2021 at 09:13

Where the conciliation fails under the provisions of the Act, MSEFC shall either take up the dispute for arbitration or refer it to any institution providing alternate dispute resolution services.



Top 5 Cash Transactions that can Attract IT Notice

  CS Lalit Rajput    16 August 2021 at 09:13

Discussing the top 5 cash transactions that can attract IT notice with regard to savings/current account, credit card bill payment, bank FD, mutual fund/stock market/bond/debenture and real estate.



CBIC launches Compliance Information Portal (CIP)

  CS Lalit Rajput    14 August 2021 at 09:09

CIP will provide free access to information on all Customs procedures and regulatory compliance for nearly 12,000 Customs Tariff Items. It will also provide knowledge of all import and export related requirements.



E-RUPI - The Digital Prepaid Voucher

  CS Lalit Rajput    12 August 2021 at 09:44

E-RUPI is a one time contactless, cashless voucher-based mode of payment that helps users redeem the voucher without a card, digital payments app, or internet banking access.



MCA amends disclosure norms in financial statements (Schedule III)

  CS Lalit Rajput    12 August 2021 at 09:43

MCA, vide notification dated 24.03.2021 has amended Schedule III to the Companies Act, 2013 effective from 01st April 2021 to mandate various disclosures by companies in their financial statements.



IEC due date extended upto 31st August 2021

  CS Lalit Rajput    10 August 2021 at 08:49

Period of modification of IEC is extended for the year 2021-22 only till 31.08.2021, and no fee shall be charged on modifications carried out in IEC during the period up to 31st August 2021.



Parliament approves LLP Amendment Bill, 2021

  CS Lalit Rajput    09 August 2021 at 19:12

The Limited Liability Partnership (Amendment) Bill, 2021 was passed by the Lok Sabha on 9th August 2021 and by the Rajya Sabha on 4th August 2021. Let us understand the key highlights of the Bill.



BSE Guidance Note for Companies Undergoing CIRP

  CS Lalit Rajput    08 August 2021 at 10:33

Point 16 was inserted in Para A of Schedule III of LODR Regulations w.e.f. May 31, 2018, which mandated disclosures at various stages by companies undergoing CIRP.



Is the Income Tax Portal levying late fees for filing ITR despite the due date extension?

  CS Lalit Rajput    08 August 2021 at 10:33

Taxpayers are complaining that the income tax portal is levying a late filing fee. Tax filers are taking the social media route and requesting the department to remove the late-filing fee from the server.



MCA Monthly Due Date Tracker - August 2021

  CS Lalit Rajput    07 August 2021 at 09:23

If the due date of any form given in this article falls between 1st April 2021 to 31st July 2021, then those forms can be filed without additional fees, till 31st August 2021.