What is Res Judicata? The concept of Res Judicata is explained under Section 11 of the Code of Civil Procedure 1908. As per Section 11 of CPC no Court shall try any suit or issue in which the matter directly and substantially in issue has been directly and substantially in issue in a former suit …
New Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021(“Intermediary Rules”) That the Ministry of Electronics and Information Technology in the year 2021 has notified the new Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021(“Intermediary Rules”) under Section 87 of the Information Technology Act, 2000 (“IT Act”). As per Section 2(1)(w) …
The Future of cryptocurrency in India Before we talk about the future of Cryptocurrency in India, we have to take look at the events that happened in the last 2-3 years. The demonetization left the country with 86% of the cash in the denominations 500 and 1000 invalidated of its value, and people started to …
What is cryptocurrency ? Let’s first understand what is cryptocurrency. Cryptocurrency is a digital currency with no physical attribute but an underlying value attached to it. It has no banking or centralized system through which it works. Refer to the detailed definition here- Cryptocurrency – Wikipedia. Now whether we can rely on cryptocurrencies is the …
The Online Gaming (Regulation) Bill, 2022 (“Bill”) was introduced in the Lok Sabha on April 1, 2022 to establish an effective regime for regulating online gaming industry to prevent fraud and misuse. The definition of “Online Gaming” under the Bill includes any game played on the electronic devices such as personal computers, mobile phones, tablets, …
Online Gaming Regulation Bill, 2022- A brief introduction Read More »
https://www.mca.gov.in/bin/dms/getdocument?mds=Nq2oDRncf395gABdguHBsg%253D%253D&type=open
The Government of West Bengal extended the last date of filing returns in Form-III under the West Bengal State Tax on Professions, Trades, Callings, and Employment Act, 1979, from April 30th, 2022, to May 31st, 2022. The last date for furnishing the return in the paper form has also been extended till June 07th, 2022.
The Government of Maharashtra vide notification No. PFT-1222/C.R.8/Taxation-3 extended the last date of filing returns for employers, who could not pay taxes or upload returns due to technical difficulties of the automation system, under the Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975, from March 2022 to May 31st, 2022.
The Ministry of Corporate Affairs (“MCA”) vide its notification dated February 11, 2022 had mandated every company covered under the provisions of section 135 (1) of the Companies Act, 2013 (“Act”) to furnish a report on Corporate Social Responsibility in Form CSR-2 to the Registrar for the preceding FY (2020-2021) and onwards as an addendum …
The Employees’ State Insurance Corporation (ESIC) vide a circular dated April 13, 2022 has relaxed the provision as entered in regulations 26 & 31 of the Employees State Insurance (General) Regulations, 1950. In this regard as a onetime opportunity, employers are allowed to: deposit contribution for the month of March 2022 up to April 30, …
Relaxation of time limit for depositing and filing ESI Contribution Read More »
The notification dated November 18, 2021 has amended a previous notification dated June 28, 2017 wherein: A proviso in entry 15 to item (b) and (c) has been added whereby passenger transportation services mediated by an e-commerce platform in a non-air conditioned contract carriage or a stage carriage has been brought under the GST net. Proviso to entry 17 …
GST Changes ( E commerce operator) in India- 2022 Read More »
Effective April 1, the tax will be imposed on interest earned on the contribution to Employees Provident Fund (EPF) if the amount is in excess of the threshold limit of INR 250,000 every year. This new rule is governed under section 9D of the Income-Tax Act. For the purpose of calculation, the contribution to the …
