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Archive: 08 December 2022

Posts in 08 December 2022

Section 8 Company Registration under Companies Act, 2013

December 8, 2022 4791 Views 0 comment Print

Section 8 businesses do not aim to make a profit; instead, they have charitable objectives. They have only good intentions behind them. They work to further a variety of causes, including those related to sport, culture, research, and religion.

Filing of GSTR-1 before GSTR-3B

December 8, 2022 2532 Views 0 comment Print

FORM GSTR-1 is a return form for regular taxpayers who have to file details of outward supplies (under Rule 59) on every 11th of next month for those who cross the turnover more than 1.5 crores annually. The taxpayers who are under the threshold limit to 1.5 crores will have to file quarterly return.

Applicability of RCM on payment of salary to director

December 8, 2022 4785 Views 0 comment Print

Unlock the complexities of Reverse Charge Mechanism (RCM) on salary payments to directors under Indias Goods and Services Tax (GST) regime. Dive into legal references, clarifications on managing/whole-time/executive directors, and case law insights. Stay informed to ensure compliance with RCM regulations in the evolving landscape.

Section 8 Company under Indian Companies Act, 2013

December 8, 2022 2118 Views 0 comment Print

Indian Companies Act, 2013, as well as the rules and regulations created by that Act, govern Section 8 Companies. The Ministry of Corporate Affairs, Government of India, is in charge of managing it through the Offices of Registrar of Companies, which are spread out across the nation’s states.

Eligibility, Documents Required, Process of Filing of Letter of Undertaking (LUT) in GST

December 8, 2022 9831 Views 0 comment Print

LUT for GST Letter of Undertaking is its full name and meaning. Under rule 96 A, it must be provided in the form GST RFD 11, in which the exporter certifies that they will comply with all applicable GST requirements when exporting without paying IGST.

How to increase your wealth without an actual increase in earnings?

December 8, 2022 1101 Views 0 comment Print

If you are reading this, then there is a chance that you want to accumulate wealth with the steady income you are already earning. The only way to achieve that is to properly manage your daily finances.

Section 54 deduction – ITAT restores matter to AO

December 8, 2022 375 Views 0 comment Print

Late Smt. Kanta Chandak Vs ITO (ITAT Jodhpur) On merits, the ld. AR submitted that the issue raked up by Ld PCIT relate to the deduction claimed by these assessees u/s 54 of the Act, which was allowed by the AO in the original assessment proceedings. He submitted that these assessees could not furnish proper […]

Review of SLR holdings in HTM category

December 8, 2022 2070 Views 0 comment Print

At present, banks have been granted a special dispensation of enhanced Held to Maturity (HTM) limit of 23 per cent of Net Demand and Time Liabilities (NDTL), for Statutory Liquidity Ratio (SLR) eligible securities acquired between September 1, 2020 and March 31, 2023, until March 31, 2023.

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