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Section 43B (H) Of the Income Tax Act: Timely payments to MSMEs
The intention of the government is to promote MSMEs thereby with introduction of section 43B (h) in the Act signifies a positive step towards ensuring timely payments to MSMEs.
Web Form CSR 2 - CSR & Its Compliance under Companies Act, 2013
The Ministry of Corporate Affairs (MCA) through its notification on 11th February 2022 issued a circular regarding the due date for filing Form CSR-2 for the financial year 2022-23. This notification introduced an amendment to Rule 12(1B) of the Companies (Accounts) Rules, 2014.
Government Schemes for MSME & Startups
Micro, Small, and Medium Enterprises (MSMEs) forms the backbone of any thriving economy, contributing significantly to employment generation, innovation, and economic growth.
Foreign investment in Alternative Investment Funds (AIFs)
The Government of India through gazette notification dated March 07, 2023 and September 04, 2023, amended the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, inter-alia, to revise the thresholds for determining the beneficial ownership.
Revision in the Framework for Fundraising by Issuance of Debt Securities by Large Corporates
As per SEBI Regulation SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November 2018 Large Corporates means all those listed Entities
Lifting the veil on taxability of Gift Vouchers: Landmark HC verdict
This recent Judgement passed by the Hon'ble Madras High Court has to an extent resolved the anomaly with respect to taxability of vouchers under the GST regime....
Centralized Information Management System (CIMS) Return for NBFCs
RBI issued a circular no. CO.DOS.RPD.No.7534/33-06-001/2023-24 dated January 01, 2024 requiring all Non-Banking Financial Companies (NBFCs) to file the applicable returns on new Centralized Information Management System (CIMS) platform.
LLP (Third Amendment) Rules, 2023: Register of Partners Maintenance and Expanded Scope of SBO Provisions
LLP (Third Amendment) Rules, 2023 bring in its purview Maintenance of Register of Partners & applicability of SBO provisions
CBIC Instructions to deal with taxability in case of secondment of employees
In light of the recent judgement pronounced by Honorable Supreme Court in the case of Northern Operating Systems Private Limited (NOS), CBIC has issued Instruction No. 05/2023-GST to prescribe the manner in which adjudication with respect to taxability in case of secondment has to be dealt.
RBI's Move to Regulate Investments in Alternative Investment Fund (AIFs)
On 19th December 2023, the Reserve Bank of India (RBI), issued guidelines regarding investments made in Alternative Investment Funds (AIFs) made by Banks and Non-banking Financial Companies (NBFCs), commonly referred to as regulated entities
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