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Archive: April, 2018

Posts in April, 2018

E Way Bill and Problem of 50 KMs!

April 30, 2018 170682 Views 20 comments Print

May be from 31st May, 2018, E way bill would be made compulsory for transportation of intra state supply in Maharashtra. But will E way bill be compulsory for the transportation of goods where distance travelled by conveyance is less than 50 km?

Process of obtain DIN and appointment of NRI as director

April 30, 2018 36108 Views 5 comments Print

A Foreign Nation, person and Non- Resident Indian can be appoint as the director on the board of the Indian Company, It May be Public, Private, Listed or Unlisted Company. The Director should be above 18 years of age and must be a natural person. There are no restrictions in terms of citizenship or residency.

What are essential aspects of Private Limited Company Annual compliance?

April 30, 2018 5148 Views 0 comment Print

Obviously, the regulatory compliances are compulsory for every business form. All real business substances should go along some important statutory compliances according to the mainstream corporate laws. One of these unavoidable necessities is the Annual Compliance, that each business element needs to experience once in a year particularly private constrained organizations.

IBBI invites comments on Regulations notified under IBC, 2016

April 30, 2018 576 Views 0 comment Print

Insolvency and Bankruptcy Board of India invites comments from public on the Regulations notified under the Insolvency and Bankruptcy Code, 2016.

Impact of Demetralization of Securities of Public Limited Company

April 30, 2018 2820 Views 0 comment Print

Dematerialization is the process of converting Physical Securities into electronic format. It should be related to Listing of securities. A Shareholder intending to dematerialize its securities needs to open a Demat account with Depository Participant.

Income Tax Rates for AY 2019-20 / FY 2018-19

April 30, 2018 441183 Views 17 comments Print

Find out the income tax rates for AY 2019-20 / FY 2018-19. Learn about the different tax slabs and rebates for individuals and various types of entities.

Bombay HC extends time limit to complete process of filing of TRAN 1 stuck due to IT glitches

April 30, 2018 9609 Views 4 comments Print

Mr. Milind Gawai, Commissioner of Central Tax Pune­-I Commissionerate in his additional affidavit­-in-­reply filed in Writ Petition (St.) No.2230 of 2018 has, firstly, indicated that the system error or fault or what is called IT related glitch would be a grievance definitely looked into and is being looked into by Grievance Redressal Committee.

SC gives relief to Insolvency Professional against remarks made by Tribunal

April 30, 2018 3624 Views 0 comment Print

In the matter of VNR Infra Limited wherein the Hyderabad Bench of National Company Law Tribunal (NCLT Hyderabad / Adjudicating Authority) went beyond the law for no reason to disagree with Committee of Creditors i.e. bankers and appointed another Insolvency Professional as liquidator and made some averse professional remarks against the RP by making own observations without […]

e-way bill if goods of one invoice moved in multiple vehicles simultaneously

April 30, 2018 75072 Views 16 comments Print

How to generate the e-way bill, if the goods of one invoice are being moved in multiple vehicles simultaneously? Where goods pertaining to one invoice are transported in multiple vehicles. For example, Goods transported in semi-knocked down or completely knocked down condition, the e-way bill shall be generated for each of such vehicles based on […]

Changes In ITR 1 (Sahaj) For AY 2018-19

April 30, 2018 22053 Views 4 comments Print

Following are the changes made by the Government to file ITR for the assessment year 2018-19: In the past ITR i.e. till AY 2017-18 only one taxable figure was to be reported under the head salary, but ITR forms for AY 2018-19 require the assessee to report the break-up of salary earned during the previous […]

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