The Central Government further to amend the Companies (Incorporation) Rules, 2014 as on 22nd July, 2021 These rules may be called the Companies (Incorporation) Fifth Amendment Rules, 2021.They shall come into force from the 1st…
In order to discourage cash transactions and move towards cash-less economy, a new Section 194N (Introduced via Union Budget 2019) has been inserted under Income-tax Act with effect from September 1, 2019 to provide for…
As per Finance Bill of 2019, "TDS on PAYMENTS TO RESIDENT CONTRACTORS AND PROFESSIONALS" is applicable to Individuals and HUFs (Hindu Undivided Family) making ‘Payments to Resident Contractors and Professional’ value greater than ₹ 50,00,000.…
What id DIR- 3 KYC Director identification number (DIN) refers to a unique identification number allotted to an individual who is willing to be a director or is an existing director of a company. DIN…
Prior to Companies Act, 2013, a public limited company having share capital was required to obtain the certificate of commencement of business. In 2013, MCA came up with a new amendment by inserting section 10A under…
1. Residential status The taxability of an individual in India depends upon his residential status in India for any particular financial year. The term residential status has been coined under the income tax laws of India…
ANNUAL RETURN Every company in India needs to prepare the Return under section 92 sub-section-1, called Annual Return. No company enjoys any exemption from the preparation of the Annual Return, whether the One Person Company,…
Who is a Goods Transport Agency As per Section 65B (26) of the Finance Act, 1994; “Goods Transport Agency means any person who provides service in relation to transport of goods by road and issues…