CAclubindia Articles

Blocking of E-Way Bill (EWB) generation facility to resume after 15th August 2021

Rohit Kumar Singh 06 August 2021 at 09:26

GSTN had issued an advisory that non filing of GST Returns may lead to blocking of the E-Way Bill facility. This was kept on hold due to the ongoing pandemic and the same is set to return from 15th August 2021.

Match & Mismatch of Returns with 26AS, TRACES, GST, MCA, SEBI

CA Satish Badve 05 August 2021 at 13:22

There is a lot of issue in the matching of Returns with Form 26AS, TRACES, GST, MCA and SEBI. In this article, we discuss this issue and its possible solution for taxpayers and professionals.

Section 194J - TDS on Professional or Technical Fees [Updated for FY 2021-22]

CA.R.S.KALRA 05 August 2021 at 09:26

The tax has to be deducted in case the payment is greater than ₹ 30,000 during the year. Such ₹30,000 is the maximum limit that is applicable to each item or payment independently.

Related Party Transaction under Companies Act 2013

CS Divesh Goyal 05 August 2021 at 09:24

Section 2(76) - Definition of Related Party Transaction, Section 188 - Related Party Transaction and Section 189 - Registration of transactions in which directors are interested.

Section 186: Loan and Investment by Company

CS Divesh Goyal 05 August 2021 at 09:24

As per Section 186(2), no company shall directly or indirectly give any loan to any person or give any guarantee or provide security in connection with a loan to any other body corporate or person.

Analysis | Legitimate Entities to Loan under Section 185

CS Divesh Goyal 05 August 2021 at 09:20

Analysing which are the entities to whom a company can give Loan/ Guarantee/ Security etc' under Section 185 of the Companies Act, 2013 after amendment by the Companies Amendment Act, 2017.

Section 187: Investment of Company to be held in its own name

CS Divesh Goyal 05 August 2021 at 09:20

As per Section 187(1), 'All investments made or held by a company in any property, security or other assets shall be made and held by it in its own name.'

Analysis: SEBI (Portfolio Managers) (Third Amendment) Regulations, 2021

CS Tanveer Singh Saluja 05 August 2021 at 09:17

The SEBI has notified a new set of regulations to amend the existing SEBI (Portfolio Managers) Regulations, 2020 which shall come into force as on the date of its publication in the Official Gazette.

Analysis: SEBI (Credit Rating Agencies) (Amendment) Regulations, 2021

CS Tanveer Singh Saluja 05 August 2021 at 09:17

The SEBI has notified a new set of regulations to amend the existing SEBI (Credit Rating Agencies) Regulations, 1999 which shall come into force as on the date of its publication in the Official Gazette.

Important Points While Computing Income Under Profits And Gains Of Business Or Profession

Ritik Chopra 05 August 2021 at 09:16

Profits and Gains of Business or Profession is considered as an important head of income while computing taxable income. Let us discuss the guiding points that should be kept in mind while computing income under PGBP.