Part I – Law(s) Governing the eForm MSC-4 Section and Rule Number(s) e-Form MSC-4 is required to be filed pursuant to Section 455(5) of the Companies Act, 2013 and Rule 8 of Companies (Miscellaneous) Rules, 2014 which are reproduced for your reference. Section 455 (5): A dormant company shall have such minimum number of directors, […]
New Functionalities on GST Portal New Functionalities made available for taxpayers by Goods and Service Network in different categories are given below: – 1. Registration 2. Refunds, Registration, Returns and Payment 3. Refunds 4. Appeals 5. Enforcement 6. Recovery 1. Registration: – A functionality has been introduced for taxpayers to withdraw their application for cancellation […]
E-commerce operators are required to pay GST on certain specified services supplied through their platform as if they are the supplier of such services liable for payment of tax, as per section 9(5) of the Central Goods and Services Tax Act 2017. E-commerce operators are those who own, operate or manage digital or electronic facility […]
eForm GNL-1- Form for filing an application with the Registrar of Companies Part I – Law(s) Governing the eForm GNL-1 Section and Rule Number(s) eForm GNL-1 is required to be filed pursuant to rule 12(2) of Registrar of Companies (Registration Offices and Fees) Rules, 2014 the Companies Act, 2013 which are reproduced for your reference. […]
eForm INC-12 – Application for Grant of License to an existing company under Section 8 Part I – Laws Governing the eForm INC-12 Section and Rule Numbers eForm INC-12 is required to be filed pursuant to section 8(5) of the Companies Act, 2013 and rule 20 of Companies (Incorporation) Rules, 2014 (Refer Annexure A) The […]
eForm MSC-1 – Application to ROC for obtaining the status of dormant company Part I – Law(s) Governing the eForm MSC-1 Section and Rule Number(s) eForm MSC-1 is required to be filed pursuant to sub-section (1) of Section 455 of the Companies Act, 2013 and Rule 3 of Companies (Miscellaneous) Rules, 2014 which are reproduced […]
Consequence of Non-Filing of Appeal in Respect of Cases Where Tax Effect is Less Than the Prescribed Monetary Limit. As you are aware that the Commissioner may, of he objects to any order passed by the Commissioner (Appeal) under Section 154 or Section 250, direct the Assessing Officer to appeal to the Tribunal against the […]
The Income Tax Department had rolled out a new Annual Information System (AIS), a comprehensive statement containing details of all the financial transactions undertaken during a financial year and are at present available with the Income Tax Department, even broader than Form 26AS. At present, Form 26AS is detailed by the Tax Department, which is […]
Communication basically refers to the exchange of thoughts or information. Communication allows us to share our thoughts with those around us. Thus, we learn to communicate in the early stages of life, because building life in a social environment makes life without communication very difficult. Communication can be done in several ways – through verbal […]
Annual Information Statement (AIS)– Winning from lottery or crossword puzzle under section 115BB With the aim of bringing more transparency and offering detailed information to the taxpayer, the Income Tax Department has recently launched ‘Annual Information Statement’ (AIS). Along with the Annual Information Statement, a simplified ‘Taxpayer Information Summary’ (TIS) was also launched. Notably, information […]
