Posted Date : 01-Jan-2019 , 10:05:19 am | Posted By Lalit Rajput

CORPORATE Compliance CALENDAR For the M/o JANUARY, 2019   Compliance under Income Tax act, 1961   Applicable Laws/Acts     Due Dates   Compliance Particulars   Forms (Filing mode)   Income Tax Act, 1961   07.01.2019   Due date for...

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Category : Corporate Law | Comments : 0 | Hits : 727

Posted Date : 30-Dec-2018 , 04:21:58 pm | Posted By Ashutosh

Does your heart aspire to unleash the fullest potential of yourself and become one of the finest “Chartered Accountant”? I am sure it’s a thundering YES!! We keep upgrading our cell phones every year to have better camera, better speed, better memory and better experience. Anyone...

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Category : Income Tax | Comments : 1 | Hits : 876

Posted Date : 30-Dec-2018 , 09:52:01 am | Posted By Lalit Rajput

Procedural checklist for conversion of Partnership Firm into Private Company   Applicability of Law(s): Chapter XXI, Part A Section 366 to 374 of Companies Act 2013 The Companies (Authorized to Registered) Rules, 2014.   Mode(s) / Method(s) of Conversion: Form a New Company as ...

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Category : Corporate Law | Comments : 0 | Hits : 312

Posted Date : 30-Dec-2018 , 09:37:41 am | Posted By Lalit Rajput

Board Meeting:    A meeting of the board of directors of a company at which the policy of the Company and major decisions as to its future actions are discussed. The powers of the board are usually set out in the company's Articles of Association (AOA).   Frequency of Board Meet...

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Category : Corporate Law | Comments : 0 | Hits : 173

Posted Date : 29-Dec-2018 , 11:50:24 am | Posted By Vivek Mittal

Dear Professional Colleagues,  This Amendment Will Apply To Assessment Year 19-20 & Subsequent Years. 1)The finance minister has proposed to increase cess on personal income tax and corporation taxto 4% from present 3%. This will increase the effective income tax an individual taxpayer pa...

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Category : Income Tax | Comments : 0 | Hits : 258

Posted Date : 22-Dec-2018 , 01:04:41 pm | Posted By SANJIV KUMAR JHA

List of Goods and Services not Eligible for Input Tax Credit under GST   According to Section 17, the input tax credit is available only to the extent of the goods or services used for the business purpose or effecting taxable supplies including zero rated supplies as prescribed in Rule 42 &am...

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Category : GST | Comments : 0 | Hits : 1069

Posted Date : 07-Dec-2018 , 01:12:30 pm | Posted By CA Uttam Gupta

Real Estate (Regulation and Development) Act, 2016     The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect home-buyers as well as help boost investments in the real estate industry. The Act establishes Real Est...

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Category : General | Comments : 0 | Hits : 601

Posted Date : 25-Oct-2018 , 12:18:53 pm | Posted By ADCA

Introduction: Many people have question about maximum cash they can give or accept without facing any problem under Income Tax Act. People have lot of doubts on one can accept cash and give cash whether in form of loan, advance, deposit or against a business transaction. How much cash sales one...

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Category : Income Tax | Comments : 0 | Hits : 1654

Posted Date : 09-Oct-2018 , 09:23:29 am | Posted By CASANSAAR

Another Professional Opportunity for Insolvency Professionals - Can be appointed as an Administrator under SEBI Regulations. Securities & Exchange Board of India (SEBI) has recently notified Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to th...

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Category : Corporate Law | Comments : 0 | Hits : 1332

Posted Date : 06-Sep-2018 , 08:40:43 am | Posted By Rubneet Anand

Notification No. 39/2018- Central Tax, dated 4 September 2018   Rule 36 of the CGST Rules, 2017 has been amended wherein ITC may be availed by a registered person if the document issued by supplier contains certain specified particulars i.e. Details of amount of tax charged, Description of g...

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Category : GST | Comments : 0 | Hits : 1875

Posted Date : 04-Sep-2018 , 06:52:35 pm | Posted By CA Sanjay Jain

The Parliament of India has recently passed the Central Goods and Service Tax Amendment Bill which receives the President’s accent on 29th August, 2018 and become an Act known as Central Goods and Service Tax Amendment Act, 2018 (in short “Act”).  However, these amendments are...

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Category : GST | Comments : 0 | Hits : 1900

Posted Date : 21-Aug-2018 , 12:16:25 pm | Posted By CS Piyush Jain

List of all sections of GST, All Sections of Goods and Service Tax   Section 1 – Short Title, extent and commencement   Section 2 – Definitions   Section 3 – Officers under GST Act.   Section 4 – Appointment of officers.   Section 5 – ...

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Category : GST | Comments : 1 | Hits : 3633

Posted Date : 17-Aug-2018 , 05:05:53 pm | Posted By CA Sanjay Jain

Recently, the Authority on Advance Ruling for GST in the State of Karnataka has given an important ruling in the matter of M/s COLUMBIA ASIA HOSPITALS PRIVATE LIMITED vide its ruling no. KAR ADRG 15 / 2018 Dated 27th July 2018 wherein it has held that the activities performed by the employees at the...

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Category : GST | Comments : 0 | Hits : 3144

Posted Date : 16-Aug-2018 , 01:41:09 pm | Posted By Hemang Doshi

What is DISA?   Diploma in Information System Audit is offered by ICAI with the objective to enhance professional skills of its members in the area of IT dynamics. This course prepares members to offer services in the area of information security & business continuity which are relatively...

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Category : Chartered Accountant | Comments : 0 | Hits : 3333

Posted Date : 14-Aug-2018 , 11:55:16 pm | Posted By Rubneet Anand

WHAT IS COMPOSITION SCHEME UNDER GOODS AND SERVICES TAX? A Brief Analysis   Sec 10 of CGST Act 2017 explains the composition levy under Goods and Services Tax, according to which, a registered person, whose aggregate turnover in the preceding financial year did not exceed* may opt to pay, i...

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Category : GST | Comments : 0 | Hits : 3948

Posted Date : 08-Aug-2018 , 12:43:19 pm | Posted By CS Piyush Jain

Amendment in Negotiable Instrument Act, 1881 for cases of DISHONOUR OF CHEQUE The Negotiable Instruments (Amendment) Act, 2018:   The Negotiable Instruments (Amendment) Act aims to amend the Negotiable Instruments Act, 1881, asking the drawer of a cheque that has been dishonoured to pay int...

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Category : RBI | Comments : 0 | Hits : 3243

Posted Date : 30-Jul-2018 , 06:28:44 pm | Posted By Chunauti H. Dholakia

Income Tax on Agriculture   Agriculture plays a vital role in Indian economy. Agricultural income declared by individual assessee who filed returns is over 20 times of country’s GDP. Except for two short periods of nine years in all (1860-1865 and 1869-1873) agricultural incomes have bee...

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Category : Income Tax | Comments : 1 | Hits : 4768

Posted Date : 28-Jul-2018 , 04:24:20 pm | Posted By ACS Prem Munjal

I hope you're aware that most of the Companies do exist in India have been either closely held or shareholding lies in the hands of Promoters consequently, with this less scattered form of shareholding, the number of Independent members also reduced to very few, Therefore, in this kind of shareholdi...

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Category : Corporate Law | Comments : 0 | Hits : 2531

Posted Date : 25-Jul-2018 , 05:16:46 pm | Posted By ACS Prem Munjal

As you know the financial year 2017-18 has been ended and every company also has now been geared up for annual compliances for the said year. As a matter of normal practices, every company required to do some sort of annual compliances to remain as an active company and doing such compliance is b...

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Category : Corporate Law | Comments : 0 | Hits : 2837

Posted Date : 16-Jul-2018 , 08:32:56 am | Posted By May I Help You.

NACAS was only advisory body until the 2013 amendment of Company Act when it was renamed NFRA, a powerful regulatory agency.  The process of implementation of NFRA was started in June 2015, when companies law committee was set up and submitted its report in February 2016 to the standing commit...

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Category : Income Tax | Comments : 0 | Hits : 1866

Posted Date : 15-Jul-2018 , 12:26:26 pm | Posted By Rajnish Kumar

Preamble, Tittle and Applicability of GST Laws   Acts THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 THE INTEGRATED GOODS AND SERVICES TAX ACT, 2017 THE UNION TERRITORY GOODS AND SERVICES TAX ACT, 2017 THE GOODS AND SERVICES TAX (COMPENSATION TO STATES) ACT, 2017 THE [NAME OF STATE E....

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Category : GST | Comments : 0 | Hits : 1831

Posted Date : 12-Jul-2018 , 10:36:16 pm | Posted By CA.Khurana Vivek

The Insolvency and Bankruptcy Board of India was established on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016 (Code).    It has also been designated as the ‘Authority’ under the Companies (Registered Valuers and Valuation Rules), 2017 for regulation and d...

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Category : General | Comments : 0 | Hits : 5538

Posted Date : 20-Jun-2018 , 06:00:35 pm | Posted By CA Tanya Panwar

This is to notify you all that, RBI through its Master Circular dated June 7th, 2018, has introduced Single Master Form (SMF) for all types of reporting in respect to Foreign Investment in India. Implementation of the SMF means that all the Indian entities who have rec...

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Category : RBI | Comments : 0 | Hits : 1551

Posted Date : 20-Jun-2018 , 12:14:11 pm | Posted By CA Tanya Panwar

Dear Professional colleagues, Greetings for the Day! This is to notify you all that E-Way bill has become partially applicable in Delhi effective 16.06.2018, for intrastate movement of Value exceeding 1 lakh. Commissioner State GST, Delhi has come out with Notification No. 3/2018 dated 15.06.20...

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Category : Income Tax | Comments : 0 | Hits : 1239

Posted Date : 18-Jun-2018 , 06:16:28 pm | Posted By Umesh Yelnure

Income Tax Forms for e-filling and Due Dates for FY 2017-18 (AY 2018-19) There are the different category of taxpayer viz. Individual, HUF, Firm, LLP, Company, Trust and AOP/BOI. Due Date is different according to audit or non-audit case of such categories as defined in section 139(1) Last Date of...

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Category : Income Tax | Comments : 0 | Hits : 1288

Posted Date : 03-Jun-2018 , 07:16:26 pm | Posted By AKASH KUMAR JINDAL

Announcement for withdrawal of the Guidance Note on Accounting for Real Estate Transactions (for entities to whom Ind AS is applicable) The ICAI had issued a Guidance Note on Accounting for Real Estate Transactions (for entities to whom Ind AS is applicable), in May 2016, applicable to all pro...

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Category : IFRS | Comments : 0 | Hits : 1287

Posted Date : 02-Jun-2018 , 01:23:56 pm | Posted By GURMUKH KOTWANI

  This section is applicable w.e.f 01/06/2017. Any individual/HUF whose books of account are not required to be audited u/s 44AB of Income Tax Act, 1961 in the immediate preceding F.Y. and paying to a resident, rent of land and building, is liable to deduct tax u/s 194-IB. However, no t...

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Category : TDS | Comments : 1 | Hits : 1712

Posted Date : 25-May-2018 , 03:23:09 pm | Posted By Chetan

Return: Section 2(97) CGST Act 2017 unless the context otherwise requires, the term “return” means any return prescribed or otherwise required to be furnished by or under this Act or the rules made there under. Rule 61 of CGST ACT Form and manner of submission of monthly return Rul...

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Category : GST | Comments : 0 | Hits : 1699

Posted Date : 25-May-2018 , 12:30:03 am | Posted By Chetan

Sec. 2 (13) of CGST Act 2017: It is an examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made there under or under any other law for the time being in force...

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Category : GST | Comments : 0 | Hits : 1261

Posted Date : 17-May-2018 , 05:21:12 pm | Posted By CA Chetan Vispute

Section 269ST: (For Detail Video Click on the above link, Video Includes Images with example) Prohibits receipt of an amount of Rs. 2 lakh or more by a person, In aggregate from a person in a day;  or In respect of a single transaction; or In respect of transactions relating to one event...

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Category : Income Tax | Comments : 0 | Hits : 3117