Startups
All you need to know about the Incubators selected under the Startup India Seed Fund Scheme
Every startup while filling the application for the Startup India Seed Fund Scheme (SISFS) is required to select 3 incubators along with the preferences...
Income Tax
CBDT Announces Extension of Due Dates for various e-filing forms
A big relief to the taxpayers has been provided by the finance ministry to the taxpayers by extending the due dates. It was much...
Latest Articles
GST
High Court allowed set-off of credit availed on construction of an immovable property against GST payable on rent income
Safari Retreats Private Limited (“Company”) Vs Chief Commissioner of Central Goods & Service tax (Orissa High Court)
The Company is mainly carrying on business activity...
Income Tax
Tax Incentive for Employment Generation under Section 80JJAA of Income Tax Act
Section 80JJAA of Income Tax Act Background
Section 80JJAA of income tax act was introduced to provide incentives to industries to generate employment for semi-skilled...
GST
GST update – Clarifications on treatment of various sales promotion schemes provided by CBIC through circular
CBIC has clarified various doubts as regards treatment of various sales promotional schemes under GST vide circular 92/11/2019 dated 7th March 2019 to ensure uniform implementation...
GST
GST Update – CBIC notifies return due dates and applicability of pronouncements made by GST council in Jan. 2019
Highlights of notifications issued by CBIC dated 7th March 2019 are as below.
Increase in turnover threshold limit for dealers under composition scheme
Threshold limit of aggregate turnover...
Income Tax
Supreme Court Ruling on applicability of PF on allowances
Background
The Supreme Court verdict dated 28 February 2019 in the case of Regional Provident Fund Commissioner West Bengal v. Vivekananda Vidayamandir and others reiterated...
Income Tax
Salient features of Banning of Unregulated Deposit Scheme Ordinance, 2019 restricting acceptance of loans & deposits from any person other than relatives
Ministry of Law and Justice notified The Banning of Unregulated Deposit Schemes Ordinance 2019 vide notification published in official Gazette on 21st February 2019. It...
Company Law and IBC
KYC for Companies to be filed with Registrar latest by 25th April, 2019 as notified by MCA
Ministry of Corporate Affairs (MCA) has introduced KYC of Companies by inserting Rule 25A under Companies (Incorporation) Rules, 2014. This has been notified by MCA vide notification dated...
GST
GST Update – Circulars issued by CBIC related to returns & invoices
GST Policy Wing, CBIC has issued three circulars on 18th February, 2019 as listed below in brief.
Circular No. 90/09/2019 – GST dated 18-02-19:
All registered...
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