Section 194J of the Income Tax Act, 1961 mandates Tax Deducted at Source (TDS) on payments made towards certain professional and technical services. It ensures early tax collection and tracking of high-value service income. Applicability…
The Director KYC (DIR-3 KYC) is a compliance requirement mandated by the Ministry of Corporate Affairs (MCA). Every individual who has been allotted a Director Identification Number (DIN) must file their KYC details annually with…
Notices are being served via the e-filing portal. ➡️Issued where ITRs flagged under CASS or manual scrutiny. ➡️Response timeline: Generally 15/ 30 days from date of issue. ➡️Available under e-Proceedings → Assessment Tab. ➡️Delays may…
CBDT has issued Circular No. 07/2025 dated 25.06.2025, granting relaxation in the statutory time limit prescribed for processing of valid returns filed pursuant to condonation of delay orders under Section 119(2)(b). Relaxation is apparently due…
Section 92 of the Companies Act, 2013 mandates that every company must prepare an annual return and file it with the Registrar of Companies (ROC) in the prescribed form. The Annual Return is a statutory…
Section 65 of the Central Goods and Services Tax (CGST) Act, 2017 deals with the “Audit by Tax Authorities”. Under GST, the government is empowered to conduct audits to verify the correctness of turnover declared,…
It was introduced through the Companies (Amendment) Ordinance, 2019, and applies to companies incorporated on or after 2nd November 2018. It mandates that such companies cannot commence business or borrow funds unless they fulfill certain…