Avoid these 16 common mistakes while filling your income tax return (ITR) to prevent penalties and tax notices. File your ITR with utmost care and accuracy.
What is TDS? TDS stands for Tax Deduction At Source. It means that when an Individual/Organization/persons making the specified payment which are mentioned under Income Tax Act, 1961 to another person than that Person (who is making the payment) has to deduct the TDS when the amount of the payment exceeds the threshold limit. Such […]
Whenever a person wants to start a business or venture, then a big question after deciding the nature of business and capital investment is that what should be the form of business. Whether to do alone by going for sole proprietorship business or to start partnership firm with someone. And further, if it is partnership […]
With the starting of new Financial Year 2019-20 some changes have been made in the provisions of Income Tax Laws which were proposed in the Interim Budget 2019 by Hon’ble Finance Minister Piyush Goyal. These changes will be applicable from 1st April, 2019 onwards which are as follows: ♦ SECTION 87A REBATE Individual taxpayers with […]
In a further drive to smooth up the Indian Corporate Sector after taking up diverse stringent actions in opposition to the shell companies keeping in view the ultimate target of preventing the generation and circulation of black money, the Modi Government has taken one very ambitious step of tagging and verification of registered office and […]
Present Situation In the today’s era in India, delayed payment from debtors or customers are the biggest problem with which the business entities are facing. At present the situation so bad that almost every second business unit is willing to take the advantage of usage of working capital of its supplier and does not want to […]
Modi Government has again taken a big step by approving to create an Auditing Regulator called National Financial Reporting Authority (NFRA) who will oversee the auditing function and profession, control and regulate in addition to the Institute of Chartered Accountants of India on 1st March, 2018. It is big move forward in regulating the financial […]
In a major move taken by the capital market regulator, SEBI, it has given a big relief to the investors at large who are still holding the physical shares of the listed companies but have not converted them into Demat format till date and the last date to convert such shares was 5th December, 2018 […]
Modi Sarkar’s New Focus: Making the Corporate Governance of Global Standard by introduction of Companies (Amendment) Ordinance, 2019 The attention is invited to the Companies, Directors, principal officers, Company Secretary, Chartered Accountants, Auditors, stakeholders and Shareholders to review the recently promulgated Companies (Amendment) Ordinance 2019 which are at present applicable and may not be in […]
This DPT 3 form is a multipurpose form which may be in use for i) return of deposits, ii) return of disclosure of money or loan received by a company but not considered as deposit as per rules and iii) one time return for disclosure of details of outstanding money or loan received by a company but not considered as deposit.
