Rationalisation of tax provisions for NGOs/NPOs

Rationalisation of tax provisions for NGOs/NPOs To enjoy tax-exempt status in respect of their income, the NPOs must comply with certain pre-requisites such as obtaining the registration with the tax authorities, and spending on charitable activities at least up to the prescribed thresholds. Not-for-profit organizations (NPOs) are private entities that pursue activities to promote theContinue reading “Rationalisation of tax provisions for NGOs/NPOs”

Ministry of Corporate affairs eases rules for board meetings conducted through virtual mode

Amid the coronavirus pandemic, MCA  amended  new rules shifting from physical board  meetings to meeting through virtual mode. MCA has amended the Companies (Meetings of Board and its Powers) Rules, 2014, omitting Rule 4 by Companies (Meetings of Board and its Powers) Amendment Rules, 2021 vide MCA Notification dated 15th June 2021. To curb the difficultiesContinue reading “Ministry of Corporate affairs eases rules for board meetings conducted through virtual mode”

Ministry of Micro, Small and Medium Enterprises Extends Validity of Udyog Aadhaar Memorandum from 31st March, 2021 to 31st December, 2021

Ministry of MSME issued Press release on Thursday, 17th June 2021 extending Validity of Udyog Aadhaar Memorandum from 31st March, 2021 to 31st December, 2021 Posted Date:- Jun 17, 2021 Ministry of Micro, Small and Medium Enterprises has issued an amendment to the original notification No. S.O. 2119 (E) dated 26.06.2020 vide 2347(E) dated 16.06.2021,Continue reading “Ministry of Micro, Small and Medium Enterprises Extends Validity of Udyog Aadhaar Memorandum from 31st March, 2021 to 31st December, 2021”

Shri Gangwar reiterates commitment to improve employment outcomes for the youth in India, Ministry of Labour and Employment and UNICEF Sign Statement of Intent

Ministry of Labour & Employment has issued Press release today (17 June 2021). Shri Gangwar reiterates commitment to improve employment outcomes for the youth in India Ministry of Labour and Employment and UNICEF Sign Statement of IntentPosted Date:- Jun 17, 2021 Union Minister of State for Labour & Employment (Independent Charge) Shri Santosh Gangwar hasContinue reading “Shri Gangwar reiterates commitment to improve employment outcomes for the youth in India, Ministry of Labour and Employment and UNICEF Sign Statement of Intent”

Journey of Women Scientists: From Break in Career to become Patent Professionals

Ministry of Science & Technology issued Press Release today (17th June 2021): Journey of Women Scientists- From Break in Career to become Patent Professionals An inspiring journey of 100 women scientists who returned to science after a break in career has been documented into a book form. The women scientists featured here had to discontinueContinue reading “Journey of Women Scientists: From Break in Career to become Patent Professionals”

Pune based start-up all set to bring non-toxic, gentler, long lasting hand sanitiser to the market

Ministry of Science & Technology issued Press release today (17th June 2021) An environment friendly hand sanitizer that is gentle on the hands and does not dry them, will soon be available in the market. The alcohol free, aqueous, non-inflammable and non-toxic hand sanitizer has been developed from Silver Nanoparticles by a Pune based start-up. RecurrentContinue reading “Pune based start-up all set to bring non-toxic, gentler, long lasting hand sanitiser to the market”

Registration of documents under the Registration Act, 1908

What do you mean by registration of documents? Registration is recording the matters of a document with an authorized or recognized officer (Registering officer) and preserving the copies of the original document. One needs to register the legal documents so as to prevent any property dispute, fraud, conserve the evidence, be assured of the titleContinue reading “Registration of documents under the Registration Act, 1908”

Net Direct Tax collections for the Financial Year 2021-22 have grown at over 100%

MOF in Press release today (16 June 2021) says that : Net Direct Tax collections for the Financial Year 2021-22 have grown at over 100% Advance Tax collections for F.Y. 2021-22 stand at Rs. 28,780 crore which shows a growth of approximately 146% Net Direct Tax collections for the F.Y. 2021-22 have grown at aContinue reading “Net Direct Tax collections for the Financial Year 2021-22 have grown at over 100%”

Finance Ministry to hold meeting on 22nd June, 2021 with Infosys on issues in new Income Tax Portal

Ministry of Finance issued Press release on 15th June says that Finance Ministry to hold meeting on 22nd June, 2021 with Infosys on issues in new Income Tax Portal Senior officials of the Ministry of Finance, Government of India, will hold an interactive meeting on the 22ndΒ of June, 2021, between 11:00 AM to 01:00 PMContinue reading “Finance Ministry to hold meeting on 22nd June, 2021 with Infosys on issues in new Income Tax Portal”