Thought of the day- 28 July 2021 -Each is great in his own place (Part-2)

Karma-Yoga has specially to deal with these three factors (Goodness, passion & ignorance) . By teaching what they are and how to employ them, it helps us to do our work better. Human society is a graded organisation. We all know about morality, and we all know about duty, but at the same time weContinue reading “Thought of the day- 28 July 2021 -Each is great in his own place (Part-2)”

CBDT issued Guidelines under section 9B and sub-section (4) of section 45 of the Income-tax Act, 1961 vide Circular No. 14 of 2021-Income Tax dated 02nd July 2021

1. Finance Act, 2021 inserted a new section 9B in the Income-tax Act 1961 (hereinafter referred to as “the Act”). This section mandates that whenever a specified person receives any capital asset or stock in trade or both from a specified entity, during the previous year, in connection with the dissolution or reconstitution of suchContinue reading “CBDT issued Guidelines under section 9B and sub-section (4) of section 45 of the Income-tax Act, 1961 vide Circular No. 14 of 2021-Income Tax dated 02nd July 2021”

Relaxation of time for filing forms (CHG – 1 & CHG – 9) related to creation or modification of charges under the Companies Act, 2013- Extension of time

MCA vide General Circular No. 12/2021 dated 30th June, 2021 says that In continuation of this Ministry’s GC no. 07/2021 dated 03 May 2021 on Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013- Extension of time- reg. and after due examination of the requests received from stakeholders,Continue reading “Relaxation of time for filing forms (CHG – 1 & CHG – 9) related to creation or modification of charges under the Companies Act, 2013- Extension of time”

Micro food processing Enterprises (PMFME) Scheme

Ministry of Food Processing Industries Press release dated 29th June 2021 Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme under Aatmanirbhar Bharat Abhiyan Completes One Year Seed Capital worth Rs. 25.25 Cr. disbursed to State Rural Livelihood Mission under the scheme ‘One District One Product’ of 707 districts approved for 35 States/UTs 54Continue reading “Micro food processing Enterprises (PMFME) Scheme”

Presentation of stimulus package of Rs 6,28,993 crore announced by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman to support Indian economy in fight against COVID-19 pandemic

Presentation of stimulus package of Rs 6,28,993 crore announced by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman to support Indian economy in fight against COVID-19 pandemic Ministry of Finance Press release dated Jun 28, 2021 Click here for the Presentation **** RM/MV/KMN

Happy Father’s Day 2021-Investment ideas to secure the financial future of your father

This can be the time for creating a whole new world of memories that our father would treasure – literally and figuratively – – with financial instruments such as Senior Citizen FDs, mutual fund investment plans, insurance policies. Here are some sound gifting options to further secure your father’s future in the second innings MutualContinue reading “Happy Father’s Day 2021-Investment ideas to secure the financial future of your father”

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”

43rd GST Council Meeting recommedations -28th May 2021

Dear Sir, Please find below YouTube link of latest amendments in GST: 43rd GST Council Meeting recommedations -28th May 2021 GST Amnesty Scheme (July 2017 to April 2021-GSTR 3B Return)https://youtu.be/NQ_XeOv_uXU Late fees Rationalisation for April 2021 onwards periodhttps://youtu.be/NZMZhi5mG2k Simplification of Annual Return for FY 2020-21 https://youtu.be/L21Over9X3w Covid related measures for taxpayers https://youtu.be/Mb7Ae2LMm1E RegardsBipul Kumar

Fair Market Value calculation for Section 50B (Slump Sale) of Income Tax Act, 1961 – Updated by Notification No. 68/2021 -24th May, 2021

Dear Sir, Please find below YouTube link of Fair Market Value calculation for Section 50B (Slump Sale) of Income Tax Act, 1961 – Updated by Notification No. 68/2021 -24th May, 2021 Topic cover ✅ What is Slump sale? Computation of Capital Gain ✅ Amended provisions of Section 50B by FA 2021 (Comparison with old sectionContinue reading “Fair Market Value calculation for Section 50B (Slump Sale) of Income Tax Act, 1961 – Updated by Notification No. 68/2021 -24th May, 2021”