Simplification of procedure to set up a Section 8 Company
The Ministry of Corporate Affairs (the MCA) vide its notification dated 7 June 2019 has amended the Companies Incorporation Rules, 2014 to simplify and fast track the incorporation procedure. The new amendment act “Companies (Incorporation) Sixth Amendment Rules, 2019”shall be effective from 15th August 2019 Any person who desirous of incorporating a company under section 8 […]
Code on Wages, 2019 has been passed on 8th August
The code on wages seeks to regulate wage and bonus payments in all employments where any industry, trade, business, or manufacture is carried out and it shall be applicable to every all employees.
CBDT Issued clarifications regarding filing of ITR for the AY 2019-20
The Income-tax return (ITR) forms for the Assessment Year (AY) 2019-20 were notified vide notification bearing G.S.R. 279(E). Dated the 1st day April, 2019. Various queries have been raised by the stakeholders regarding reporting of certain details in the ITR forms, such as reporting of directorship in a foreign company, reporting of equity shares listed outside India, unlisted shares which were previously listed, reporting of unlisted shares received by way of gift, will, amalgamation etc. and reporting of certain assets held as stock-in-trade.
In order to address such queries, The CBDT through circular dated 8th August 2019 has issued clarifications.
