Society is formed when a group of people comes together for a common purpose or a charitable cause. These societies are mostly formed for the promotion of the following charitable causes. Minimum of seven people is required to form a society. They should not be relative to each other (no blood relation) and these societies are […]
Income Tax needs to be deducted at source by the purchaser on payment against purchase of an immovable property from a non-resident following the guideline as below: 1. Who is a non-resident under Income Tax Act? Ans. The residential Status is determined for every financial year, i.e., the period from 1st April to 31st March […]
Article answers following queries 1. New version of GSTR9C was made available on the Portal in December 2019. How can we file within one month? 2. Government extended date for filing of GSTR-1 up to 17/01/2020 but portal allows the ITC shown in GSTR-2A up to 30/04/2019. 3. Where is the provision to upload PDF […]
Authorisation to file e-Form DPT-3 One Time The Chairman informed the Board that the Ministry of Corporate Affairs (MCA) vide notification dated 22th January, 2019 in exercise of the power conferred by clause (31) of section 2 and section 73 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 […]
IEPF Compliance Checklist for a Financial Year Updated as per Section 125 of Companies Act, 2013 and Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. S. No. Particulars of compliance Timelines 1 Form IEPF-3 Within 30 days of the end of the Financial Year 2 The Company shall inform the […]
1. Increase in share capital shall be authorised by articles of association (AoA) of the company. In case AoA does not authorise to increase the share capital the AoA shall be amended as per section 14 of Company Act 2013 by passing special resolution. 2. The company shall need to alter the memorandum of association […]
In furtherance to the declared policy objective of the Government of India to encourage digital economy and move towards a less-cash economy, a new provision namely Section 269SU has been inserted in the Income-tax Act, 1961 vide the Finance (No. 2) Act 2019, which provides that every person having a business turnover of more than Rs 50 Crore shall mandatorily provide […]
In recent years, the issue of Service Tax/GST liability on the Notice period recovery is a subject matter of dispute. While certain conservative employers have made a choice to pay service tax on such recoveries, certain employers have made bold choices of not paying taxes which were followed by the issuance of the demand notices/orders confirming the service tax demand by the Revenue department.
There is a genuine demand for Extension of Date for GSTR-9/ GSTR-9C and the date should be extended as desired by various Trade and Industry Association and supported by various professional Associations. Let us see what will be the eventuality if date is not extended so that you can complete your work without tension. Try […]
Article explains What is a Branch Office, What are the benefits of opening the Branch Office, Why Branch Office is not used as a preferred mode by foreign entities for setting up in India, What are the compliances of the Branch Office and Can a Branch Office can be converted into wholly owned subsidiary company? […]
