If a Company accepts a loan from an Individual and such individual is a Director as well as a Shareholder of the Company, then this loan shall be considered as Loan from Shareholder of Loan from Director? Let us discuss.
Ministry of Corporate Affairs has issued a myriad of amendments in the Companies Act, 2013 in July 2021. Let us discuss the same.
CBDT has issued circular w.r.t. Extension of timelines for electronic filing of various Forms under the Income-tax Act, 1961 to provide relief to taxpayers in view of the severe pandemic and spike in COVID-19 cases.
A company's requirements for the compliances have been changed in comparison to the compliance requirement as on 01st April 2014 when the Companies Act, 2013 came into effect.
![Section 194C - TDS on Payment to Contractor [Updated for FY 2021-22]](/img/previewthumb/custom/20210222052148_gstannual.jpg "Section 194C - TDS on Payment to Contractor [Updated for FY 2021-22]")
Any specified person responsible for paying any sum to any resident-contractor for carrying out any work in pursuance of a contract is responsible to deduct TDS u/s 194C.
Mark your calendars with these Income Tax, GST, PF, and ESI due dates that lie in the month of August 2021, together with the due dates for Company and LLP Annual Filing.
No bank shall open current accounts for customers who have availed credit facilities in the form of cash credit/ overdraft from the banking system and all transactions shall be routed through the CC/OD account.
Private companies are those companies whose articles of association restrict the transferability of shares and prevent the public at large from subscribing to them.
Discussing compliance requirements and important updates under the Income Tax Act, GST Act, FEMA, SEBI, Companies Act, IBBI and other statutory laws for the month of August 2021.
The GST Portal has implemented various new functionalities on the GST Portal, from time to time, for GST stakeholders. Let us discuss the functionalities deployed in July 2021.
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