Micro, Small & Medium Enterprises (MSME) The concept of Micro, Small and Medium Enterprises (MSME) was first introduced in India in the year 2006. The MSME Sector has seen drastic growth in past five decades. The MSMEs are a crucial part of the economy and plays a vital role in the supply chain. MSME Sector […]
RECTIFICATION OF AN ORDER RECEIVED FROM CPC AND ISSUES RELATING TO DISPOSAL OF THE RECTIFICATION PETITION If the assessee finds a mistake in the order received from the new Income Tax Site, he has been prompted to click the SERVICES button and proceed for filing ‘Rectification Petition’. But under ‘services’ menu, the option for filing […]
This article is based on the evolution, history and development that took place in company. In simple words, how it implemented in India and what were the difficulties faced by law makers at that time to implemented this law in India. We will find the definition of company law in section 2(20) of the Company Law Act, 2013. In this article I have also explained the various factors due to which it took a lot of times to implement this law in India and the recent amendments which have been made under the Companies Act 1956.
Section 147 has been Amended vide Finance Act 2021. Information is required by AO for reopening not “Reasons to believe” If any income chargeable to tax, in the case of an assesses, has escaped assessment for any assessment year. The assessing office may, subject to the provisions of Section 148 to 153, assess or re-assess […]
In this editorial author shall discuss everything in relation to Annual Filing of a Private Limited Company. As we know every company whether working or not working must comply with certain provisions of Companies Act, 2013. Like: preparation of Financial Statement, Annual Return, Holding of Annual General Meeting etc.
Short Summary: Ministry of Corporate Affairs (MCA) by amendment in Rule 11 of Companies (Management and Administration) Amendment Rules, 2021 has introduced e-form MGT-7A as annual return of Small Companies and OPC w.e.f. financial year 2020-21 on wards. MGT-7A available on MCA since 17th July 2021. In this editorial author shall discuss the questions arising […]
Earlier all companies were required to prepare its annual return in Form No. MGT-7 but not MCA specified that from Financial Year 2020-21 Every company shall file its annual return in Form No.MGT-7 except One Person Company (OPC) and Small Company. One Person Company and Small Company shall file annual return from the financial year 2020-2021 […]
