DIR-3 KYC : MANDATORY COMPLIANCE FOR DIN HOLDERS
Posted Date : 31-Jul-2019 , 08:20:53 am | Posted By
Lalit Rajput
DIR-3 KYC: Mandatory Compliance for DIN Holders
(An Analysis Of MCA Circulars, Notification, Laws And Regulation, E-Forms Etc.)
Attention:
MCA (Ministry of Corporate Affairs) has recently issued Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 an...
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Category : MCA |
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Problems if ITR not filed with in Due Date (31.08.2019)
Posted Date : 30-Jul-2019 , 09:02:46 am | Posted By
Lalit Rajput
Disadvantage/Problems of Not Filing ITR with in Due Date
WHAT HAPPENED IF ITR (INCOME TAX RETURN) NOT FILED ON OR BEFORE DUE DATE Due date extended from 31.07.2019 to 31.08.2019
ITR Filing
After the end of a financial year, earning individual and entities need to calculate total i...
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Category : Income Tax |
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Note on E-Form DPT-3 - Key Highlights
Posted Date : 30-Jul-2019 , 08:55:40 am | Posted By
Lalit Rajput
Key Highlights on DPT-3 Form (including ICSI Webinar key points)
As per the recent amendments made under the Companies Act, 2013 and read with the various notification issued by the Ministry of Corporate Affairs of Indiaâ€...
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Category : MCA |
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Annual Return on Foreign Liabilities and Assets (FLA Return) - An Analysis (Key Points, FAQ’s and Important Definitions)
Posted Date : 30-Jul-2019 , 08:52:01 am | Posted By
Lalit Rajput
Annual Return on Foreign Liabilities and Assets (FLA Return) - An Analysis (Key Points, FAQ’s and Important Definitions)
1. Compliance Particular: Annual Return on Foreign Liabilities and Assets (FLA Return) 2.Requirement: FLA Return is required to be submitted mandatorily by all the ...
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Category : FEMA |
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Update on Maternity Benefits to the Women Employees
Posted Date : 30-Jul-2019 , 08:37:13 am | Posted By
Lalit Rajput
Maternity Benefits to the Women Employees Government is working on an incentive Scheme of reimbursement of 07 weeks wages for entities that provide 26 weeks maternity benefits to their woman employees as provided for in the Maternity Benefit (Amendment) Act, 2017. To enable an entity to avail...
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Category : ICSI |
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COMPLIANCE OVERVIEW FOR PRIVATE LIMITED COMPANIES
Posted Date : 30-Jul-2019 , 08:34:37 am | Posted By
Lalit Rajput
Compliance overview for Private Limited Companies Private Limited Company: Private Limited Company is defined under Section 2(68) of the Companies Act, 2013 . It Means a company which by its articles : (i) restricts the right to transfer its shares; (ii) except in case of One Person Co...
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Category : Corporate Law |
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Payment of Gratuity to employees under the Working Journalists (Conditions of Service) and Miscellaneous Provisions Act, 1955
Posted Date : 27-Jul-2019 , 03:27:34 pm | Posted By
Shiyu Lian Wang
Payment of Gratuity to employees under the Working Journalists (Conditions of Service) and Miscellaneous Provisions Act, 1955 A. Applicability The Working Journalists (Conditions of Service) and Miscellaneous Provisions Act, 1955 lays downs an elaborate scheme applicable to Working Jour...
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Category : ICSI |
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NFRA-1- Applicability
Posted Date : 10-Jul-2019 , 04:51:49 pm | Posted By
Lalit Rajput
Important Question on NFRA -1 Applicability What is the reason that NFRA is not applicable to the Company as defined under Section 2(20) of the Companies Act, 2013 ? Interpretation only In E-form NFRA-1, details of Auditors is required to be filed. As under Companies Act, MCA E-...
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Category : Corporate Law |
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OPC - Regulated form of Sole Proprietorships
Posted Date : 09-Jul-2019 , 03:36:06 pm | Posted By
CS Piyush Jain
Hello to all professional colleges!! It is easy to advise the client about the conventional form of business concerns, but what made us different from other players in the market is that at what extent we can advise them novation, benefits/ exemptions from various governing laws, extent of co...
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Category : Corporate Law |
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Key Higlights of Budget - Direct Taxes
Posted Date : 06-Jul-2019 , 03:16:54 pm | Posted By
Rishabh Vohra
Key Higlights of Budget - Direct Taxes Increased turnover threshold for claiming 25 percent tax rate The current lower tax rate of 25 percent is applicable only to companies whose annual turnover is up to Rs. 250 cr. This annual turnover threshold is proposed to be increas...
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Category : Budget |
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Clarification regarding Annual Returns and Reconciliation Statement
Posted Date : 04-Jul-2019 , 02:25:02 pm | Posted By
Mansi Vohra
Clarification regarding Annual Returns and Reconciliation Statement
The Government of India has been receiving a number of representations regarding Annual Return (FORM GSTR-9 / FORM GSTR-9A) and Reconciliation Statement (FORM GSTR-9C). In this regard the following clarifications are issued for inf...
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Category : GST |
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GSTR - 9C DECODED IN KRISHNA UPDESH TO ARJUN IN MAHABHARAT GEETA MODE
Posted Date : 21-Jun-2019 , 01:00:47 pm | Posted By
CS Piyush Jain
Arjuna (Fictional Character): Krishna, When is GST Audit applicable?
Krishna(Fictional Character): Arjuna, GST Audit for FY 2017-18 is applicable to every registered person whose aggregate turnover during a financial year exceeds Rs. 2 Crores. The copy of audited annual accounts and a reconciliatio...
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Category : GST |
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GST AUDIT CHECKLIST
Posted Date : 12-Jun-2019 , 11:49:32 am | Posted By
Rubneet Anand
GST AUDIT CHECKLIST To help in conducting GST audit and in order to facilitate a clause by clause analysis of Form GSTR-9C by members and other stakeholder, GST & Indirect Taxes Committee of ICAI has brought out the Technical Guide on GST Audit. Since GST Audit is the last activity to be done b...
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Category : GST |
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New Regime of Taxation of Long Term Capital Gains on sale of equity share, unit of equity oriented funds and unit of the business trust u/s 112A of the Income Tax Act, 1961
Posted Date : 12-Jun-2019 , 10:46:03 am | Posted By
Megha
The Finance Act, 2018 has withdrawn the exemption under section 10(38) of the Income-tax Act, 1961 and has introduced a new section 112A in order to levy long term capital gain tax on the transfer of a long term capital asset being an equity share in a company or a unit of an equity oriented funds o...
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Category : Income Tax |
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Supreme Court Judgment, under section 130 of companies Act-Reopening of books
Posted Date : 10-Jun-2019 , 11:17:30 am | Posted By
Rinki
Civil Appeal No.3747 of 2019 titled Hari Sankaran vs. Union of India & Others filed by Ex-Director of Infrastructure Leasing & Financial Services Limited before the Apex Court has been dismissed by the Hon’ble Court.
...
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Category : Corporate Law |
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Changes in Prosecution guidelines vis a vis smuggling of gold and foreign currency by Foreign Nationals under Customs Act, 1962
Posted Date : 07-Jun-2019 , 05:06:24 pm | Posted By
Rinki
Central Board of Indirect Tax & Customs has made certain changes with regard to Prosecution of Foreign Nationals for the offences covered under the Customs Act, 1962 involving Foreign Currency vide Circular No.12/2019-Customs dated 24th May, 2019. The aforesaid changes is attributed to inc...
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Category : Custom |
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Clarifications on filing of Annual Return-Form GSTR-9
Posted Date : 07-Jun-2019 , 05:04:45 pm | Posted By
Rinki
Sr. No.
Issue addressed
Details
1
Auto-Population of Form GSTR-9 from GSTR-2A
Terminology:- GSTR-2A:_Details of auto drafted supplies GSTR-9: Annual Return Clarification:- Information contained in GSTR-2A(table 3 & 5) as on 01.05.2019 shall be auto-populated in Table 8A of ...
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Category : GST |
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Queries on GSTR 9 Annual Return of GST
Posted Date : 07-Jun-2019 , 10:30:46 am | Posted By
Sagar
Solution to GSTR 9 Queries (GST Annual Return)
v Annual Return Form?
Form GSTR 9
v Filing by whom?
Every Registered Person
v Turnover Criteria for GSTR 9?
To be filed irrespective of Turnover in FY 2017-18
v Form to be filed PAN or GSTN ...
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Category : GST |
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SEARCH AND INSPECTION UNDER GST
Posted Date : 08-May-2019 , 06:13:09 pm | Posted By
CA. PIYUSH KAPOOR
Meaning under GST ACT ‘Search’ involves an attempt to find something. Search, in tax/legal parlance, is an action of a government official (a tax officer or a police officer, depending on the case) to go and look through or examine carefully a place, person, object etc. in order t...
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Category : GST |
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Goods Transport Agency in GST
Posted Date : 08-May-2019 , 06:01:01 pm | Posted By
Anuj Khaitan
GOODS TRANSPORT AGENCY IN GST A) Definition As per Notification-12/2017, Clause no-ze, Dt-28.06.17 (Central Tax Rate) a GTA is any person who provides service in relation to transportation of goods by road and issues a consignment note by whatever name called. Thus, it can be seen that issuance of...
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Category : GST |
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