Category Archives: Regulatory

CBDT extends due dates for electronic filings of various forms under Income Tax Act, 1961.

CBDT extends due dates for electronic filings of various forms under Income Tax Act, 1961 CBDT, on account difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income Tax Act … Continue reading

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Relaxations on Exam for Independent Director

The Ministry of Corporate Affairs (MCA) vide its notification dated 19th August, 2021 has amended the rules pertaining to appointment and qualification of Directors. Pursuant to the notification, following class of individuals are no more required to qualify the online … Continue reading

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Insights of the 43rd GST Council Meeting held on 28th May’2021

GST Council in 43rd GST Council Meeting held on 28th May, 2021 have made the following recommendations as listed below:   S. No. Recommendations in brief 1. ·      Relief items like oxygen concentrators, medical oxygen, COVID-19 vaccines etc., to be … Continue reading

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CSR-Covid Spending Clarification

The Ministry of Corporate Affairs vide its General Circular No. 05/2021 dated April 22, 2021 has clarified that the spending of CSR funds for ‘setting up of makeshift hospitals and temporary COVID Care facilities’ is an eligible CSR Activity under item nos. … Continue reading

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Amendment in Schedule III of the Companies Act, 2013 (Applicable w.e.f 01.04.2021)

The Ministry of Corporate Affairs vide Notification G.S.R. 207(E) dt. 24th March 2021 has amended Schedule III to the Companies Act, 2013 which shall be effective from the 1st day of April 2021. The notification incorporates various additional disclosure requirements … Continue reading

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