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NEWSLETTER : 1st FEBRUARY 2021
Budget Highlights 2021
Certain direct tax proposals were introduced, providing relaxation to individual taxpayers and startups to some extent.
NEWSLETTER : 15th JANUARY 2021
Expenditure on Scientific Research Deduction U/s 35 of the Income Tax Act
Provisions of section 35 of the Income Tax Act, 1961 covers deduction allowable towards expenditure on scientific research.
NEWSLETTER : 1st JANUARY 2021
Important Changes in GST as per New Notification 94/2020 applicable from 1 January 2021
(Changes introduced CGST (Fourteenth Amendment) Rules 2020).
NEWSLETTER : 15th DECEMBER 2020
Requirement of Annual Filing- Sections, Forms & Documents under Company Law
Applicable Sections under Companies Act, 2013 related to Annual Filing with Brief overview
NEWSLETTER : 1st DECEMBER 2020
GST Impact on Advances/Security Deposits/Retention Money etc.
We know that for Sale of Goods or Supply of Services, the most important concept in GST is the “Consideration”, and Section 2(31) of CGST Act, 2017 defines it’s as “2(31) Consideration in relation of Supply of Goods and Services
NEWSLETTER : 15th NOVEMBER 2020
Aatma Nirbhar Bharat Stimulus Package 3.0
The Hon'ble FM Smt. Nirmala Sitharaman has come up with the much-needed Financial Stimulus Package - 'Aatma Nirbhar Bharat Stimulus Package 3.0 to revive the slugging Indian economy amidst the COVID-19 pandemic.The 'Aatma Nirbhar Bharat Package 3.0', consists of 12 Stimulus Packages which are discussed and analyzed .
NEWSLETTER : 1st NOVEMBER 2020
Test of Residency Based on ‘Place of Effective Management’ (POEM)
The Finance Act 2015 has amended the test of residence for foreign companies to provide that a company would be treated as resident in India if its “place of effective management” (POEM) in the previous year is in India. “Place of effective management” (POEM) has been defined to mean a place where key management and com-mercial decisions that are necessary for the conduct of the business of an entity as a whole are, in substance made.
NEWSLETTER : 15th OCTOBER 2020
Economic Outlook
As per International Monetary Fund World Economic Outlook October 2020, India’s economy to contract by 10.3% in 2020 and Global growth is projected to be -4.4% ( i.e.,a contraction in output of 4.4%) for this year.The 2020 projection for India is a downgrade of -5.8 percentage points from the IMF’sJune projection for the country. India is expected to rebound in 2021 with 8.8 percent growth – an upgrade of 2.8 percentage points relative to the June update.