Entrepreneurship is an idea that may sound appealing to many but starting a business is a very challenging process. It involves planning, making financial decisions, doing market research, and acquiring knowledge in areas of your respective business interest. It is crucial to note that there is no one size fits [...]
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 [...]
Input Tax Credit According to the model GST Law, a taxable person can accumulate credits of taxes paid and carry them forward in a return. With the introduction of the GST, the last set of credits will have to be transferred. To do this, you must satisfy the conditions mentioned [...]
Income Tax Provisions Applicable from 1st June 2016 Amendment relating to Advance Tax (The change is effective from financial year 2016-17 onwards) The schedule for payment of Advance Tax by an Individual and other non-corporate assessee has been amended w.e.f. 1st June 2016 as under: Due Date of Installment [...]
The Govt. has notified the Companies (Incorporation) Amendment Rules, 2016 (‘Amended Incorporation Rules’). Now the process of reservation of name of companies has been simplified. Following changes have been made for ease of doing business in India: 1) Name of company need not to be in consonance with principal object: [...]
DEALING WITH INCOME TAX NOTICES A majority of the notices is sent in the normal course of processing returns & might be for routine enquiry or a request for simple clarification, so don’t be panic. [...]
Government on Wednesday extended the last date for filing Income Tax return by a week to September 7. “Due date for filing Income Tax return extended till 7th Sep, 2015,” the Finance Ministry said in a tweet. The earlier date was August 31. The tax department has notified a new [...]
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 [...]