Ever heard of businessmen exploring the idea of using an asset on a rental basis on account of a shortage of finance to buy the asset.
In terms of finance, the term ‘Lease’ is defined...
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 certain forms every year with the Registrar of Companies. All...
The
CBDT (Central Board of Direct Tax) has issued Notification No. 19/2021 dated 26th
March, 2021 prescribing the procedure for Registration including re-approval /
revalidation of existing Tax Exemption Registrations of Trust or Institutions.
All the existing Trusts...
On 1st February 2021, Finance minister Nirmala Sitharaman introduced the Union Budget for the financial year 2021-22 of which the major Direct tax amendments have been discussed here:
Latest Tax Amendments 2021-22
1. Relief...
The Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, presented the first-ever digital budget for 2021-22 on February 1, 2021. The total budget outlay earmarked is 34.83Lakh Crore for the year 2021-22, which...
In the earlier tax regime, after corporate tax of 25% to 30% (effectively 33.99% including surcharge and cess), the Company was also liable to pay Dividend Distribution Tax (commonly known as DDT) to the...
Important News: The Union Cabinet renamed the Ministry of Human Resource Development to the Ministry of Education. Making the announcement, Union Ministers Prakash Javadekar and Ramesh Pokhriyal Nishank said there would be a single...
What Is DIR-3 KYC Form?
DIR-3 KYC is an annual e-form which is to be filed by every Director/Partners/Designated Partners who has been allotted a ‘Director Identification Number’ (DIN) as on 31st March of a...