After issue of 23 notifications / Orders on 29th March 2019 by CBIC , It seems that Real estate industry has been given up for a toss. The notifications were in relation to the new tax rates applicable to Real Estate Services. This is made applicable from 1st April 2019. The changes are impacting every […]
MCA had notified Companies (Appointment and Qualification of Directors) fourth Amendment Rules, 2018. As per the Amendment Rules notified on July 10, 2018 all the Individuals holding DIN were required to file DIR 3 KYC form on or before October 15, 2018. The Rule 12A further provided that ‘Every individual who has been allotted a […]
Mr. Paresh, is an NRI who is of the opinion that the Indian Financial system is very weak and requires a lot of reforms. After returning to India, he noticed that India runs on Chai (Unlike the country from where he comes from which runs on other drinks) and enters a tea shop to have […]
1. Introduction and Objectives of Benami Law Benami Transaction (Prohibition) Amendment Act, 2016 came into force w.e.f 01-Nov-2016. This Act was amended to curb black money transactions to ensure that all transactions are conducted in the name of the actual owner and needs to be paid from his accounted sources. The amendment in benami law […]
Karasamadhana Scheme- 2019 : This scheme is introduced with a view to reduce the arrears arising out of the enactments administered by the Commercial Taxes Department which existed before the introduction of Goods and Service Tax (GST). Accordingly a scheme for waiver of penalty and interest under the provisions of the following acts has been […]
Sec 4 of the Real Estate Regulation and Development Act 2016 mandates every promoter to open and maintain the Project wise bank account in Scheduled Bank Objective and Intention of the Act is to ensure the money collected from the Allottees for the Specific project shall be utilised for the specific project and to avoid […]
Every company incorporated up to 31st December 2017, is mandatory required to file ACTIVE on or before 25th April, 2019. Last date to file this form: 25th April 2019 without any fee and from 26th April, 2019 form will be filed with penalty of Rs. 10,000/-. Requirements
