MCA clarifies that spending of CSR funds for ‘creating health infrastructure for COVID care’, ‘establishment of medical oxygen generation and storage plants’, ‘manufacturing and supply of Oxygen concentrators, ventilators, cylinders and other medical equipment for countering COVID-19’ or similar such activities are eligible CSR activities;...
Continue readingMCA through general circular grants additional time upto 31st July 2021 for Companies and LLPs to file such forms other than form CHG 1, CHG 4 and CHG 9 which would be due for filing during 1st April, 2021 to 31st May, 2021 without any additional fees. MCA further provides relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013. This relaxation is applicable in respect of filing of form CHG 1 and Form CHG 9 by a company, where: - the date of creation / modification of charge is before 01/04/2021 but the timeline...
Continue readingThe Central Board of Direct Taxes (CBDT) has notified Income Tax Return (ITR) Forms for the Assessment Year 2021-22 vide Notification No. 21/2021, dated 31-03-2021...
Continue readingWe are delighted to present our Analysis of key Direct Tax amendments in Finance Act, 2021. Hope this is useful for you....
Continue readingMCA clarifies that spending of CSR funds for setting up makeshift hospitals and temporary COVID care facilities is an eligible CSR activity under item nos. (i) and (xii) of Schedule VII of the Companies Act, 2013 which relates to promotion of healthcare, including preventive healthcare and disaster management respectively....
Continue readingWe are pleased to present our monthly newsletter for the month of April 2021. Hope this is useful for you....
Continue readingThis is to bring to your kind attention that the due date for filing professional tax annual return is 30th April 2021. Please take necessary actions to file within the due date. In case of any assistance in this regard, please contact Ms. Gayathri Giri at [email protected]; 9008718388 ...
Continue readingPlease note that the DGFT has issued a notification with respect to ‘requirement for renewal of IEC’ each year. Accordingly, An IEC holder has to ensure that the details in it’s IEC is updated electronically every year, during April-June period. In cases where there are no changes in IEC details, the same need to be confirmed by the IEC holder online. ...
Continue readingThe Govt. has deferred the implementation of Dynamic QR Code on the B2C invoices to 01.07.2021 from 01.04.2021-Notification No. 06/2021 – Central Tax dated 30th March 2021....
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