The Tribunal viz. NCLT has inherent powers to make such order as it may deemed necessary for meeting the ends of justice or to prevent abuse of the process of the Tribunal. Rule 11 of the National Company Law Tribunal Rules, 2016 deals with ‘inherent powers’ of the National Company Law Tribunal and reads as follows: “11. Inherent Powers.- Nothing in these rules...
Sugam Return The Government is set to unveil new GST return types called Sahaj & Sugam from later this year - which will tremendously simplify GST compliance for small businesses. I have provided a short summary of the same below in this email - I hope you find it useful. TDS return is due on 31st May for all persons required to deduct...
Punjab State Professional Development Tax 2018 1. Registration started on portal PSDT official website 2. Every Employer having employees with Net taxable income above 2.5 Lakh liable to deduct n deposit the tax on behalf of employees. 3. Every Businessman or Professional having own Net taxable income above 2.50 Lacs liable to deposit tax. 4. Tax is 200 per month w.e.f April 2018....
General Public often find themselves in perplexity while dealing with a cash transaction that they are doing it right or not. There are significant changes in recent times regarding Income Tax guidelines and norms for Cash Transactions which we have tried to present in a summarised form to make it easy to understand for a layman. Don'ts 1) Don't accept cash in excess of...
Some very dear friends feel that Religion should be abolished -- indeed, made a crime towards reason and humanity. I don't have much use for religion in my life. But still, I often speak as a defender of it. Consider this. A 'Country' is as nebulous and abstract an idea as Religion. Far more people have been killed defending borders and protecting sovereignty,...
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