Guidelines For Recognition of Startups
GUIDELINES FOR RECOGNITION OF STARTUPS Merger/ Demerger/ Acquisition/ Amalgamation/ Absorption: Resultant entity or entities formed due to merger demerger/ acquisition/ amalgamation/ absorption/will not be recognized as Startup. However, merger or amalgamation under section 233 of the Companies Act, 2013 between any of the following class of companies will be allowed subject to fulfillment of norms […]
PLMA NOTIFICATION
PLMA NOTIFICATION By the Notification dated 9 May 2023 the Central Government has changed the definition of “Person carrying on designated business or profession” and following have been added and now will be covered under preview of the Prevention of Money Laundering Act, 2002 :- (i) Acting as a formation agent of companies and limited […]
GST AMNESTY SCHEME
GST AMNESTY SCHEME The GST Amnesty Scheme is a scheme introduced by the government to provide relief to taxpayers who have not filed their GST returns on time. It allows them to file their pending returns with reduced or waived late fees and interest. The government has notified amnesty scheme effective from 01.04.2023 for small businesses, […]
HIGHLIGHTS OF BUDGET 2023
HIGHLIGHTS OF BUDGET 2023 Limelight of Budget: Fiscal deficit target for financial year 2024 has been cut from 6.4% of GDP to 5.9% of GDP. Per capita income at 1.97 lakhs, which have more than doubled in last 5 years. India emerges as 5th largest economy of the world. For enhancing ease of business more […]
Budget 2020
Direct Tax Proposal No change in Tax Rates. Surcharge and Cess to continue as existing. However a new Section 115 BAC is introduced wherby an individual and HUF can opt to pay tax as per new tax rates in case it forgo all exemptions and deductions which include deduction under section 80C of PF, LIP […]
MCA Update | 23/01/2020 | Thursday
Stakeholders may please note that as part of Government of India’s Ease of Doing Business(EODB) initiatives, the Ministry of Corporate Affairs would be shortly notifying & deploying a new Web Form christened ‘SPICe+’ (pronounced ‘SPICe Plus’) replacing the existing SPICe form. SPICe+ would be an integrated Web form offering multiple services viz. name reservation, incorporation, […]
