Cross charge, a term coined by the GST professional fraternity, is levied on the transaction between the Distinct persons as defined u/s 25(4) of the CGST Act, 2017. The relevant provisions that give force to this levy are Section-7, Section 25(4), Section 15 read with rule 28 and entry no. 2 of Schedule I to […]
Understand the guidelines under Section 194Q of the Income Tax Act 1961. Learn about the applicable rate of TDS and conditions for deduction.
In this present scenario of countries being connected globally, corporates are also getting globalised increasingly. When corporates start working on a global scale, they get connected with people across countries. Nowadays, it is quite normal for companies to have their directors and stakeholders residing in far-flung areas. It is not easy and convenient for them […]
New Income Tax portal was launched on 07th June 2021, now we are required to register Digital Signature Certificate (DSC) in new portal even though it was registered earlier. Pre- requirements for DSC registration : 1. Assessee must be having the registered user of the e-filing portal with valid username and password. 2. Downloaded and […]
Forms of income tax return prescribed under Income tax law What is ITR ? ITR stands for Income Tax Return. It is a prescribed form through which the particulars of income earned by a person in a financial year and taxes paid on such income are communicated to the Income-tax Department. It also allows carry […]
INDEPENDENT DIRECTOR REGISTRATION Statutory Provision As per Rule 6 of Companies [Appointment and Qualification of Directors] Rules 2014, Every independent director shall within 13 months form the date of commencement of the Companies [Appointment and Qualification of Directors] fifth amendment Rules 2019 ie. 1st December 2019 or a person who intends to get appointed as […]
A registered trademark is a symbol, logo, word, slogan, or company name. It protects your status and stops other businesses from trespassing on your intellectual assets.Trademark registration online is an easy process. Use of Trademark in India? Trademark protection in India demands that owners use it regularly, increasing promotion and advertisement across all platforms. They […]
Can price be the criteria to judge whether a transaction is at arm’s length? Should every transaction be accompanied with a certificate from a valuer? One may check if there are comparable products in the market. If yes, check the terms of sale/purchase, etc. of similar transactions and try obtaining quotes from other sources. Price […]
Application for Registration of Creation, Modification of Charge (other than those related to debentures) CHG-1 INTENT Filing of charge gives security and empower the charge holder that in case the Company makes a default for the repayment of the loan, then charge holder can get the claim amount from the security which was charged by […]
DPT–3 form is the statement return which is required to be filed by every company other than a Government Company and a class of company specify, which has accepted deposits under section 73 of the Companies Act, 2013 (‘Act’) and rules made thereunder.
