"23 February 2019" Archive

CBIC constitutes Working Groups to recommend measures to improve compliance

The Central Board of Indirect Taxes and Customs (CBIC) constitutes three Working Groups to study and recommend measures to facilitate trade, promote exports and improve compliance....

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Posted Under: Income Tax |

Section 10A Declaration of Commencement of business by Companies

As per Sec 10A of  Companies Act, 2013 (1) A company incorporated after the commencement of the Companies (Amendment) Ordinance, 2019 and having a share capital shall not commence any business or exercise any borrowing powers unless— (a) a declaration is filed by a director within a period of one hundred and eighty days of […]...

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Posted Under: Income Tax |

Revision of Income Tax Return U/S 139(5): रिटर्न में गलती होने पर क्या करे?

Filing of Revise Return us 139 (5) – कई बार इनकम टैक्स रिटर्न को फाइल करते समय कुछ गलती हो जाती है, या कुछ Item Return में नहीं दिखाते, या कभी कोई Deduction क्लेम करना भ...

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Posted Under: Income Tax |

Banning of Unregulated Deposits Schemes- All you want to know

Introduction: – 1. On 21.02.2019, Govt. Of India has brought Banning of Unregulated Deposit Schemes Ordinance 2019 with following objectives: – a) For banning of unregulated deposits schemes; b) To protect the interest of depositors; and c) Other matters relating to or connected to the above two objectives 2. The Banning of Un...

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Posted Under: Income Tax |

Banning of Unregulated Deposit Scheme- Clarification Needed

Government has issued The Banning of Unregulated Deposit Schemes Ordinance 2019 on 21.02.2019. Pursuant to this ordinance now any Individual or group of individuals can’t take any deposit or loan from any person other than relatives and Partnership firm can take deposit or loan from relatives of partner or partners only....

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Posted Under: Income Tax |

Decoding: New Rule 25A (Form Inc-22A Active)

Once again, MCA came up with another stringent move by inserting a new Rule 25A under the Companies (Incorporation) Rules, 2014 under which a new form has been introduced i.e. Form INC-22A (ACTIVE). Let’s go through FAQs w.r.t this newly introduced form: Ques 1. What is the applicability of Form INC-22A (ACTIVE)? Ans. Every Company...

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Posted Under: Income Tax |

E-Form INC-22 A – Active – The next real JOLT by MCA

The Ministry of Corporate Affairs has come up with a stringent move by amending the Companies (Incorporation) Rules, 2014 vides Companies (Incorporation) Amendment  Rules, 2019 dated February 21, 2019 and to be made effective from February 25, 2019. The newly inserted Rule 25A is the next real jolt which the Ministry has cast at the [&he...

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Posted Under: Income Tax |

E- Form Active INC 22A: Companies (Incorporation) Amendment Rules, 2019

Background: With intent to e-verify the presence of registered offices of the Companies the MCA has come up with an amendment to the Companies Act, 2013.The MCA vide its Notification dated 22.02.2019, inserted a new Rule, i.e. Rule 25A after Rule 25 in the Companies (Incorporation) Rule, 2014. The new rule desires that the Companies [&hel...

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Posted Under: Income Tax |

MCA Forms INC-22A (e-form Active)

MCA introduces new e-form INC 22A – also known as e-Form ACTIVE (Active Company Tagging Identities and Verification) by issuing Companies (Incorporation) Amendment Rules, 2019. 1. Which Company Has To File E-Form Active (Active Company Tagging Identities And Verification) (INC-22A)? Rule 25A mandates every company incorporated on o...

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Posted Under: Income Tax |

Company Law & Fema Compliance Calendar for the year 2019

Company  Law FEMA Compliance Calendar for the year 2019: Article contains due date of filing MSME I Filing- one time, NBFC return filing, DPT-3 filing- one time, INC 22A, DIR 3 KYC MSME I Half yearly return, BEN-1, NBS-8, LLP Form 11, BEN-2, DPT-3- Annual Return, FEMA Annual Return, NBFC return filing, AOC-4, NBFC return […]...

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Posted Under: Income Tax |