FEES FOR LATE FILING OF RETURNS Earlier, we were allowed up to two years from the end of a particular year to file returns for that year’s income. If you did not file returns even after the expiry of two years, the tax officer could, at his discretion, levy a [...]
As the old proverb goes: “There’s no time like the present”. Don’t delay filing your income tax return. Generally, the due date for filing the return is July 31 for individuals. However, this time around, the tax authorities have extended the due date to August 31. If due to unavoidable [...]
For the first time internal audit has been mandatory for certain class of companies. Rule 13 of the Companies (Accounts) Rules 2014 specifies that 1) every listed company; 2) every unlisted public company having paid up share capital of Rs.50 crores or more during the preceding financial year OR turnover of Rs.200 crores or [...]
The Ministry of Corporate Affairs has published the Table of Fees pursuant to Rule 12 of the Companies (Registration of Offices and Fees) Rules, 2014. Accordingly, the fees payable for registration of documents at the MCA portal are as follows: For company having nominal share capital 1) of upto Rs.100,000 [...]