Forms 134 and 135 introduce a revised system for TAN allotment under the Income-tax Act, 2025. The bifurcation ensures category-specific compliance and simplifies the application process.
ROC imposed significant penalties for failing to constitute mandatory committees on time. The ruling makes it clear that delayed compliance does not excuse violations. Companies must adhere strictly to corporate governance timelines under the Companies Act
ROC imposed penalties for delay in filing MGT-14 beyond 30 days. The ruling stresses strict compliance with statutory filing timelines.
ROC imposed penalties for delayed filing of Form MR-1 beyond the 60-day limit. The ruling highlights strict compliance requirements for director appointments.
This article explores how the internet has transformed organized crime from local syndicates into global cyber networks. It highlights the shift to digital tools like cryptocurrency and encryption, making crime more scalable and harder to detect.
Simultaneous tax disputes before domestic courts and international tribunals can produce conflicting outcomes. The article proposes binding arbitration and legal coordination to resolve the conflict.
Form 129 allows payers to apply for determination of the taxable portion of payments to non-residents. It ensures TDS is deducted only on the amount actually chargeable to tax, preventing excess deduction.
Form 126 replaces Forms 15C and 15D to streamline applications for nil TDS certificates. It applies to eligible non-resident entities operating through branches in India and ensures tax deduction aligns with actual liability.
The new Form 121 merges earlier forms into a single declaration system for TDS exemption. It simplifies compliance while ensuring accurate reporting through digital processes and UIN tracking.
The authority penalized directors for entering into non-cash transactions without prior approval through a special resolution. It reinforces that shareholder consent is mandatory for such arrangements under Section 192.
