Semantic20@2020 | Semantic Taxgen Pvt Ltd
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Author: Semantic20@2020

Key Recommendations Made in the 53rd GST Council Meeting Held Today

June 22, 2024

Waiver of Interest and Penalty on Demand Notices:    – Association with penal demanded under Section 73 of the Act for the financial years ending 31st March 2018, 2019 and 2020 interest and penalty to be waived on the demand notices.    – Available only for situations where taxpayer completes the payment of a certain […]

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Understanding the Import Export Code (IEC): Importance, Application Process, and Benefits

June 22, 2024

What is Import Export Code (IEC)? The term Import Export Code (IEC) is a short form used globally to refer to a number of different licenses, permits, registrations, and certificates that are required for international business. The Import Export Code or IEC is a ten-digit number which is a special identification number that is very […]

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Navigating Global Transfers: A Comprehensive Guide to International Remittances in India

June 21, 2024

Introduction to International Remittances in India Due to the steady growth of its economy and population, India is one of the highest remittance making countries in the world. The financial regulator of India, the Reserve Bank regulates as and when one sends money from abroad to India. Commonly, there are two ways to receive money […]

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Ways to Save Income Tax on New & Old Tax Regime for FY 2023-24

June 18, 2024

Ways to Save Income Tax on New & Old Tax Regime for FY 2023-24 In the financial year 2023-24, the taxpayers in India have a choice to select either the old regime of the income tax with provisions of performance of deductions & exemptions or the new regime of income tax with less number of […]

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Navigating the Deductions in the new tax regime: Understanding the Essentials

June 15, 2024

Deduction in new regime: The New Tax Regime is new reforms in the income tax consideration introduced within the Union Budget of India in 2020. It supports lower rates of taxation in return for excluding nearly all deductions and incentives that are afforded under the pre–reform laws. The intended outcomes of this regime are namely […]

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Navigating the Deductions in the Old Tax Regime: Understanding the Essentials

June 14, 2024

The Indian taxes structure has evolved many times with the multiple tax systems having been implemented in order to enhance the ease of tax compliance. one such regime is the old or the previous tax regime which provides innumerable deductions to the individual with an aim to bring down his or her taxable income. To […]

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“Unlock Exclusive Insights: BONUS ISSUE Inside!”

June 13, 2024

BONUS ISSUE Bonus Issue is provided for in the section 63 of the Companies Act, 2013. Bonus shares are issued by way of utilizing the profits and reserves of the company and issuing shares against those profits. The main purpose is to utilize the reserves of the company for the company as well as please […]

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LIST OF DISCLOSURES FOR LISTED COMPANIES UNDER LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS (LODR) REGULATIONS, 2015

June 12, 2024

– Quarterly Compliances  Regulation compliance Timeline Due dateQ1Ending June Due date Q2Ending September Due date Q3Ending December Due date Q4Ending March Regulation 31 (1) (b) Disclosure of shareholding pattern Within 21st day from the end of the quarter By 21st July By 21st October By 21st January By 21st April 27 (2) (a) Corporate Governmance […]

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“Navigating Right Issues: Strategies and Implications for Corporate Financing”

June 11, 2024
Comments Off on “Navigating Right Issues: Strategies and Implications for Corporate Financing”

WHAT IS RIGHT ISSUE As per Section 62(1)(a) of the Companies Act, 2013, a right issue is explained as follows: 62(1) Where at any time, a company having a share capital proposes to increase its subscribed capital by the issue of further shares, such shares shall be offered— (a) to persons who, at the date […]

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PREFERNTIAL ISSUE OF SECURITIES

June 10, 2024

PREFERNTIAL ISSUE OF SECURITIES A “Preferential Offer” refers to the issuance of shares or other securities by a company to a selected individual or group on a preferential basis. This does not encompass shares or other securities offered through public issues, rights issues, employee stock option schemes, employee stock purchase schemes, or the issuance of […]

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