Category: Corporate Laws

Accounting Standards Board The Institute of Chartered Accountants of India 2nd June, 2021 Exposure Draft of Definition of Accounting Estimates – Amendments to Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors As you are kindly aware that the Indian Accounting Standards (Ind AS) …

Schedule III of the Companies Act 2013 contains the general instructions for preparation of Balance Sheet and Statement of Profit and Loss of a Company. Following are the changes made in the financials/ notes to accounts on account of amendments in Schedule III brought about by …

Now, The government has come out with a new and universal definition of “wages” to bring in parity amongst the four new Labour Codes as against the varied definitions under the extant laws. The new Labour Codes are likely to be effective from 1st April  2021. …

The Delhi High Court directed the  Income Tax Authority to grant the benefit of revised TDS rates prescribed for Financial Year 2019-2020 and a rebate of 25%. Facts of the Case:- The petitioner, Manpower Services challenged the order passed by the respondent authority under Section 197 …

1. The Centre on Thursday suspended the operation of the Insolvency and Bankruptcy Code (IBC) by another three months to protect companies in distress from being dragged into bankruptcy tribunals in view of the crisis. 2. The ministry of corporate affairs said the suspension of the …

a) In an effort to provide greater ease of doing business, the Ministry of Corporate Affairs has extended the duration of several schemes till the end of the year 2020 in the wake of continued disruption caused by the coronavirus pandemic in certain parts of the …

Judgement: The Custom, Excise, Service Tax Appellate Tribunal (CESTAT) while rejecting the contention of the revenue authorities held that supplying and spreading GSB on top of the road is a “work contract”. Facts of the case: The appellant, M/s. Sem Construction had been awarded a contract …