During October, 2017 the MCA had disqualified more than 3 lakh directors of companies who failed to submit their annual filings for 3 or more years. On December 29, 2017 the MCA has come up with much awaited scheme, named Condonation of Delay Scheme, 2018 for disqualified directors. This scheme [...]
Deposits up to Rs. 2,50,000 have not been given any blanket tax-free status. Only such deposits will not be reported to the Income-tax Department by banks/post offices. The Law At Present: The regular threshold exemption limit for individuals (other than resident senior citizens and super-senior citizens) is Rs. 2,50,000. If [...]
The Government of Tamilnadu has launched a new portal for providing e-services relating to registration & filing in respect of TNVAT. The New portal can be accessed at http://ctd.tn.gov.in The Salient features of this e-C Tax intiative of Tamilnadu Government are :- 1) New Dealer Registration and the modification of [...]
The contents of the Directors Report as hitherto provided in section 217 of the Companies Act, 1956 has undergone changes in the newly enacted section 134 of the Companies Act, 2013. The Board of Directors’ Report shall now include: (a) the extract of the annual return as provided under sub-section [...]