Year: 2025

In a move to enhance the efficiency of the Goods and Services Tax (GST) system, the Indian government is set to amend the Central GST (CGST) Rules, granting recipients of goods and services a two-month window to accept or reject credit notes and adjust their input tax credit (ITC) accordingly. Key Aspects of the Amendment: […]

The security industry in India has witnessed significant growth over the years, with numerous private security agencies operating across the country. To regulate and standardize these agencies, the Private Security Agencies Regulation Act, 2005 (PASARA) was introduced. This act ensures that private security agencies adhere to specific guidelines, ensuring professionalism and accountability in the sector. […]

Introduction: The Make in India initiative was launched in 2014 to promote local manufacturing, attract investments, and create jobs. It aims to make India a global hub for production across various industries. Why Make in India? Encourages local production and reduces import dependence Attracts foreign investment to boost the economy Creates employment opportunities and skill […]

Section 194-IB of the Income Tax Act, 1961, was introduced to bring individuals and Hindu Undivided Families (HUFs) (who are not subject to tax audit) under the purview of Tax Deducted at Source (TDS) on rent payments. Key Provisions of Section 194-IB 1. Applicability: Applicable to Individuals & Hindu Undivided Families (HUFs) who are not […]

In the context of the Indian Constitution, Fundamental Duties are a set of moral obligations for all citizens to promote a sense of responsibility and patriotism. They were added to the Constitution by the 42nd Amendment in 1976, under Part IVA (Article 51A). These duties serve as a reminder to citizens of their role in […]

STEPS INVOLVED FOR PRIVATE COMPANY FOR PUBLIC COMPANY Step  1 Issue the notice of Board Meeting At least 7 days before the meeting as per section 179-(3) Issue the notice of Board Meeting At least 7 days before the meeting as per  section 179-(3) Step  2 Hold the Board meeting as Per SS 1 pass […]

Section 55 of the Companies Act, 2013 (‘Act’) read with Rule 9 of the Companies (Share Capital and Debentures) Rules, 2014 allows a Company to issue redeemable preference shares. Section 55(1) puts ban on issuance of irredeemable preference shares. Term of Redeemable Preference Shares According to Section 55(2) of the Act, a Company limited by […]

When purchasing a property, one of the most crucial documents that homeowners must check is the Occupancy Certificate (OC). This certificate is issued by the local municipal authority and serves as proof that the building is legally constructed and safe for occupancy. Without an OC, homeowners may face legal and financial complications in the future. […]

When it comes to taxation, businesses must navigate multiple compliance requirements, and two of the most critical ones are Tax Deducted at Source (TDS) and Tax Collected at Source (TCS). The Income Tax Act has provisions for these mechanisms to ensure tax is collected at the point of income generation. Specifically, Section 194Q governs TDS […]

Meaning of DIN or DPIN DIN: Director Identification Number (DIN) is a unique Identification Number allotted to an individual who is appointed as a director of a company, upon making an application in form DIR-3 pursuant to sections 153 & 154 of the Companies Act, 2013. DPIN: Designated Partner Identification Number (DPIN) is a registration […]