Discover the 7 common reasons why you receive income tax notices, from TDS mismatches to high-value transactions.
As per MCA Notification dated 22nd October 2019,—In exercise of the powers conferred by sub-section (1) of section 150 of the Companies Act, 2013 (18 of 2013), the Central Government hereby notifies the Indian Institute of Corporate Affairs at Manesar (Haryana), as an institute to create and maintain a data bank containing names, addresses and […]
Registers to be maintained under the Companies Act, 2013 includes Register of the company, Register of Members, Register of directors and key managerial personnel, Register of charges, Register of Renewed and Duplicate Share Certificates, Register of Employee Stock Options and Register of Shares/Other Securities Bought Back. 1. Register of the company Every company accepting deposits […]
GST Council in its 38th Meeting held yesterday on 18 December 2019, has announced various measures, particularly focusing on the compliances and wrongful availment of Input tax credit. In addition, the Council has also extended the date of filing of the GST Annual Returns and Reconciliation Statement from 31 December 2019 to 31 January 2020. […]
Availability of ITC on goods and services taken for construction of immovable property As per Section 16, every registered person is eligible to take ITC of goods and services intended to be used in the course or furtherance of business subject to other condition as mentioned in section 16(2) are fulfilled. Section 17(5) restrict ITC […]
Recently GST council meet was held on 18th December,2019. Here is the glimpse of the decisions taken in the council meet. Hope this article helps you to keep pace with all-time updating GST. Following were major decisions taken by the council- 1. Extension of Due date – Due date to file GSTR-9 (Annual Return) and […]
Article highlights on Applicability of New Rules of Independent Director, Important Due Dates related to Applicability of New Rules of Independent Director, Impact of New Provisions on Existing Independent Directors, Opportunities for Professionals like CS, CA etc., Independent Director Empanelment Process, Registration Process for Companies related to Independent Directors and other important points to know. […]
Independent directors have a crucial role to play for keeping good governance practices. In order to ensure the basic literacy of company law, securities law and accountancy among Independent directors and to boost Corporate Governance standards in India, the Govt. has decided to introduce online proficiency self-assessment test for Independent directors. Subsequently, MCA has notified […]
Non Holding of AGM within due date.. Ministry of Corporate Affairs has issued notice to approximately 3000 companies due to non compliance of provision of Section 96(1) for not holding of AGM within Due date. As per notice companies have to reply the notice within 15 days of receipt of notice. In case of non […]
Author in this article makes available relevant material so as to enable the reader analyse the impact of the Taxation Laws (Amendment) Act, 2019 which sets to replace the Taxation Laws (Amendment) Ordinance, 2019.
