Empowering Insolvency Resolutions: NCLAT’s Landmark Ruling Reshapes MSME Dynamics and CoC Primacy in the IBC Landscape

Introduction: In a significant judgment, the National Company Law Appellate Tribunal (NCLAT) has reaffirmed the paramount status of the Committee of Creditors (CoC) in the...

Taxpayer’s Delight: Clearing Small Demands, Easing Burdens!

On 1st February 2024, Finance Minister Nirmala Sitharaman announced during the interim budget the waiver of small outstanding demand under the Income Tax Act,...

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Virtual CFO Services – A smart choice for newgen

What is Virtual CFO? Virtual CFO (or vCFO for short) stands for virtual Chief financial officer. A virtual CFO is an outsourced service provider offering high skill assistance in...

QRMP: Quarterly Return Monthly Payment Scheme under GST

Taking another step towards the goal of increasing “Ease of doing business” in India and providing relief to small taxpayers; the GST Council in their 42nd...

Rates of TDS applicable for financial year 2021-22 or assessment year 2022-23

Tax Deducted at Source, also known as TDS, is a system of taxation where the person/entity responsible for making specific payments deducts the applicable...

Faceless Penalty Scheme, 2021: Simplified

The Central Board for Direct Taxes (CBDT) vide Notification No. 3 of 2021 dated January 12, 2021, has notified the “Faceless Penalty Scheme” for...

Section 115BAA – New tax rate of 22% on domestic Companies

The new section – Section 115BAA has been inserted in the Income Tax Act,1961 to give the benefit of a reduced corporate tax rate...

Snapshot of compliance tracker for ROC forms – FY 2020-21

All the business structures registered in India i.e. Private Limited Company, Public Limited Company, One Person Company, Limited Liability Partnership etc. need to file...

How to file an RTI application: A step-by-step guide

If that's the question on your mind, you are at the right place. In this article, we will see how to file an RTI...

Income Tax Slab Rate for AY 2021-22 (Latest)

Income tax payment for individuals and corporate entities is a mandatory requirement as per the Income Tax Act, 1961 if their annual income is...

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