Why Google needs to advertise its search engine?

Google is the most widely used search engine on the internet today. It receives over 3 billion online searches daily. Google was created in 1998 by Larry Page and Sergey Brin. Google search engine has been characterized by its high speed, deeper index, relevant results, simple interface and query specific snippets. The major source of…

Union Budget – 2019-20 (Proposed Amendment – Agricultural Loss)

Carry forward of agricultural losses It is proposed to amend sub-rule 1 and 2 of the Rule 8 of Income-tax Rules to provide the benefit of carry forward losses earned through agricultural activities.   As per the proposed provision, the loss incurred from AY 2011-12 till AY 2018-19, if not set off with the agriculture…

Union Budget – 2019-20 (Proposed Amendment – House Property)

• As per the current provisions of the Act, a person having two or more properties can opt for treating anyone property as a self-occupied property. Thereafter, the person has to pay tax on the notional rent from the other properties (i.e. other than the self-occupied property). • It is proposed to extend the choice…

Union Budget – 2019-20 ( Proposed Amendment – Capital Gain )

• As per the provisions of section 54 of the Act, where an individual or HUF earns capital gain from sale of residential property, may purchase another residential property and save the capital gain on the sale. The purchase of property and the capital gain exemption is subject to certain conditions. • From AY 2015-16, a restriction…

Entity Master File On or Before 12 July 2018

The Reserve Bank of India (RBI’), with the objective of integrating the various reporting structures of foreign investment in India, has introduced a Single Master Form (SMF). The SMF would be required to be filed online and would provide a facility for reporting total foreign investment in an Indian entity. SMF would substitute the requirement…

Mandatory KYC of Directors

As part of updating the registry, MCA would be conducting KYC of all Directors of all companies annually through a new e-form, viz., DIR-3 KYC to be notified and deployed shortly.   Accordingly, every Director who has been allotted DIN on or before 31st March, 2018 and whose DIN is in ‘Approved’ status, would be…