"02 September 2020" Archive

Income Tax Department carries out searches in Srinagar & Kupwara

Release ID: 1650758 (02/09/2020)

The Income Tax Department has carried out simultaneous search and seizure operations on 2nd September, 2020 in the case of three prominent businessmen in Srinagar and Kupwara. These operations have, prima facie, led to the detection of huge amount of undisclosed income, seizure of unaccounted assets and incriminating evidence and involvem...

Read More

ITR Filing Compliance Check Functionality for Scheduled Commercial Banks

Release ID: 1650735 (02/09/2020)

The data on cash withdrawal indicated that huge amount of cash is being withdrawn by the persons who have never filed income-tax returns. To ensure filing of return by these persons and to keep track on cash withdrawals by the non-filers, and to curb black money, the Finance Act, 2020 w.e.f. 1st July, 2020 further amended Income-tax Act, ...

Read More

Detailed analysis of GSTR 2B

We all have got an abundance of opportunities to enhance our skills in this pandemic. GSTN also has taken due benefit of the same by adding new functionalities on the portal, most prominent being enabling of form GSTR 2B. In the 39th Council meeting held on 14.03.2020, Shri Nandan Nilekani addressed the system related issues […]...

Read More
Posted Under: Income Tax |

How To Check Date of Filing GSTR-3B, GSTR-1 & Other Forms

In order to do various compliance or determining exact amount of interest payable, we have to determine the date of filing of GSTR-3B, GSTR-1 & other forms. This article discusses various ways through which this can be done. Some of them are mentioned below:- ♦ View “SHOW FILING TABLE”on the portal On GST Portal, In […]...

Read More
Posted Under: Income Tax |

Incorporation of Company through SPICe+ Form

Incorporation of Company through SPICe+ The SPICe+ stands for Simplified Performa for incorporating Company electronically , SPICe+ aims to offer about ten services by three Central Government Ministries and departments (Ministry of Corporate Affairs, Ministry of Labour and the Department of Revenue in the Ministry of Finance) and one Sta...

Read More
Posted Under: Income Tax |

Indian Economy’s GDP Tested (-VE) | GDP & Methods of Calculation

What is Gross Domestic Product?? Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period, often annually. The Gross Domestic Product measures the value of economic activity within a country.The growth rate of real GDP is often used as an […]...

Read More
Posted Under: Income Tax |

Understanding OECD’s Two-Pillar Approach

In this dynamic era, the brick and mortar business models are turning digital and Multi-National Companies (MNCs) are effectively operating out of various jurisdictions without having a physical presence. From a taxation perspective, it is way more challenging when the value creation, income generation and the adjoining taxability cut acr...

Read More
Posted Under: Income Tax |

Form DIR-2- Consent to act as a Company Secretary of Company

Form DIR-2 Consent to act as a Company Secretary of the Company (According to 170(2) and 203(1) of the Companies Act, 2013)  To (The Company) Address ———— ———————– Subject: Consent to act as Whole Time Company Secretary I, ——————&#...

Read More
Posted Under: Income Tax |

Company Name Change under Companies Act, 2013

Section 13 of the Companies Act, 2013 deal with change of name which says that the name of the company can be changed by a special resolution and with the approval of the Central Government. Approval of Central Government is not required if the change relates to the addition/ deletion of the words ‘private’ to […]...

Read More
Posted Under: Income Tax |

Consent Letter to accept appointment as Company Secretary

I hereby give my consent to act as the Company Secretary and Compliance Officer on such terms and conditions as may be mutually agreed according to Section 203 of the Companies Act, 2013 and Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014....

Read More
Posted Under: Income Tax |

Search Posts by Date

September 2020
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930