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eForm Serious Complaints Form- Relating to removal/cessation of Director, Complaint of Serious Nature Fraud, Management Dispute, Financial Irregularities, Accounting Fraud etc. Part I – Overview of Serious Complaint Form A complainant can file a Serious Complaint eForm in the following cases by uploading a Serious Complain eForm available at http://www.mca.gov.in/: Cessation of Director Removal of […]
INTELLECTUAL PROPERTY Intellectual property is a type of property that is formed by the use of intellectual faculties. It is the outcome of a person’s intellectual pursuits. Thus, Intellectual Property refers to mental creations such as innovations, industrial product designs, literary and creative works, and symbols that are eventually exploited in business. When their creations […]
eForm AoC-4 CFS NBFC (Ind AS) – Form for filing consolidated financial statement and other documents with the Registrar Part I – Law(s) Governing the eForm AoC-4 CFS NBFC (Ind AS) Overview Every NBFC (Ind AS) company having one or more subsidiaries is required to prepare the consolidated financial statements of the company and of […]
Part I – Law(s) Governing the eForm NDH-3 Rule Number(s) eForm NDH-3 is required to be filed pursuant to rule 21 of the Nidhi Rules, 2014 which are reproduced for your reference. Rule 21: Every company covered under rule 2 shall file half yearly return with the Registrar in Form NDH-3 along with such fee […]
1. Meaning of Intangible Assets: As per the provision of Ind As-38, Intangible assets can be recognized in Balance sheet only if the following 5 condition are satisfied. Condition 1: It should not have any physical substance. + Condition 2: It should be under the control of the enterprise. + Condition 3: It should be […]
Part I – Law(s) Governing the eForm INC-20A Section and Rule Number(s) eForm INC-20A is required to be filed pursuant to Pursuant to Section 10A(1)(a) of the Companies Act, 2013 and Rule 23A of the Companies (Incorporation) Rules, 2014, which are reproduced for your reference. Section 10A: (1) A company incorporated after the commencement of […]
On 1st November, 2021 Income Tax Department has rolled out the new AIS (Annual Information Statement) on Compliance Portal which provides comprehensive view of financial transaction done by taxpayer (i.e. PAN based transactions) in a Financial Year at one place. This includes information relating to Interest, Dividend, Business receipts, Cash deposits/withdrawals, Sale/ Purchase of Securities […]
eForm INC-20 – Intimation to Registrar of revocation/surrender of license issued under section 8 Part I – Laws Governing the eForm INC-20 Section and Rule Number(s) eForm INC-20 is required to be filed pursuant to section 8 (4) & 8 (6) of the Companies Act, 2013 and rule 23 of Companies (Incorporation) Rules, 2014 and […]
Skava Electric Pvt. Ltd. Vs ACIT/DCIT (ITAT Bangalore) ITAT held that assessee would be entitled to deduction of employees’ contribution to PF and ESI provided that the payments were made prior to the due date of filing of the return of income u/s 139(1) of the I.T.Act. It was further held by the ITAT that […]
Introduction of section 148A and relevant amendments in Section 147, Section 148 and Section 149 (herein together referred to as new reassessment provisions) was the major portion of Finance Act 2021. The applicability of these new reassessment provisions was from 1st April 2021.
