POSTS BY : legallands
NOTIFICATION SHALL BE INTERPRETED IN STRICT SENSE, NOT JUST TO FAVOUR THE ASSESSEE
In July, 2018, the Supreme Court of India delivered a landmark judgment pertaining to taxation law in the case of Commissioner of Customs (Import), Mumbai v. Dilip Kumar & Company [...]
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NEW PROVISIONS IN NEGOTIABLE INSTRUMENTS ACT, 1881
The Lok Sabha has passed Negotiable Instruments (Amendment) Bill on July 23, 2018. The amendment introduces new provisions, Section 143A and 148 in the Negotiable Instruments Act, 1881.The new provisions [...]
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REQUIREMENT TO UPDATE KYC OF ALL THE DIRECTORS AND EFORM DIR-3 KYC TO BE RELEASED
As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new EFORM viz. DIR-3 KYC to be notified and deployed shortly. Accordingly, every [...]
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SINGLE MASTER FORM FOR FOREIGN INVESTMENTS IN INDIA
FDI Crackdown: RBI tightens rules on FDI disclosure on Companies, LLP and Startup   RBI, the regulator of the Foreign Investments of the Indian entities in India, through its latest [...]
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DISCLOSURE OF REAL BENEFICIAL OWNER
Section 90 of the Companies Act,2013 along with Companies (Significant Beneficial Owners) Rules, 2018 (“SBO Rules”) has been amended by MCA. As per the latest amendment, Every individual shall hold [...]
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TDS and TCS Provisions under GST surely be imposed from 1st July 2018!
The introduction of GST law on 1st July, 2017 also saw deferring of TDS/TCS provision, which were proposed to be implemented from a later date. The GST Council further defers/ [...]
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WILL! IS IT TRANSFERRED TO THE RIGHT HEIRS?
Will is a legal document that sets forth your wishes regarding the distribution of your property and the care of any minor children. Where there is a Will, there always [...]
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Highlights on Union Budget 2018-19
Finance Minister, Mr. Arun Jaitley has delivered the Union Budget 2018-19 on 1st February, 2018 stating the following editions in varied segments of the economy: No changes to personal income [...]
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Supreme Court to Privilege Flat Buyer’s Interest
Flat buyer’s in the National Capital Region have been dealing with delayed deliveries of their real-estate (even after full payment to the builders) on the one hand and paying off [...]
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E Way Bill under GST
Every registered/unregistered person who intends the movement of goods of consignment exceeding the value of Rs. 50,000/- shall issue an E-Way Bill from GSTN Portal. It starts from 01.02.2018 for [...]
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