Posted Date : 22-Dec-2017 , 01:36:33 pm | Posted By CS Piyush Jain

All companies registered in India including private limited company, one person company, limited company, section 8 company and others are required to file annual return with the Ministry of Corporate Affairs each year. Under the new Companies Act, 2013, Directors of Companies which have defa...

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Category : Corporate Law | Comments : 0 | Hits : 1085

Posted Date : 20-Dec-2017 , 12:46:53 pm | Posted By Pooja Mittal

Section 195 of Income Tax Act 1961 Section 195 of the Income Tax Act is a section that covers the TDS on Non-resident payments. This section identifies the tax rates and deductions on business transaction with a non-resident from a day –to-day basis. Under Section 195, the income is cha...

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Category : Income Tax | Comments : 0 | Hits : 1479

Posted Date : 17-Dec-2017 , 11:11:17 am | Posted By May I Help You.

MBAs have an edge over chartered accountants (CAs) in India Inc’s CEO club as companies go global, requiring skills beyond financial management. While the chartered accountant (CA) certification was earlier considered a robust qualification for the CEO’s post, the number of CAs at the t...

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Category : Chartered Accountant | Comments : 0 | Hits : 1650

Posted Date : 13-Dec-2017 , 03:24:48 pm | Posted By Rajnish Kumar

## What is deferred duty payment under customs? Deferred duty scheme allow payment of customs duty post clearance of goods which obviate the need of payment of duty at the time of clearance of the goods,importers certified under Authorized Economic Operator programme as AEO (Tier-Two) and AEO (Tier-...

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Category : Custom | Comments : 0 | Hits : 2803

Posted Date : 22-Nov-2017 , 07:38:15 pm | Posted By CA. Brijesh Baranwal

TDS ON PAYMENT OF RENT MORE THAN RS. 50,000 PER MONTH BY INDIVIDUALs/HUFs   EXISTING LAW   There is an existing provision for deduction of TDS (deduction of tax at source) under section 194-I in the Income Tax Act, 1961 for individuals/HUFs, wherever tax audit is applicable.   INTRODU...

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Category : Income Tax | Comments : 0 | Hits : 1527

Posted Date : 07-Nov-2017 , 01:44:34 pm | Posted By CA.Khurana Vivek

Recently, Income tax assessees started receiving notice u/s 139(9) of Income tax Act for defective returns due to non filing of tax audit reports, although TAR has been infact filed - Section 139(9) of the Income Tax Act 1961 provides for the situations in which the return of income filed by the ta...

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Category : Income Tax | Comments : 0 | Hits : 5632

Posted Date : 01-Nov-2017 , 02:23:50 pm | Posted By Amit Kumar

In current environment there is a big ambiguity regarding when we are need to issue tax invoice  for the taxable supply received from  unregistered supplier specified in  u/s 9(3) and 9 (4) of CGST Act and  at what point of timing we are need to issue payment voucher. There are t...

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Category : GST | Comments : 0 | Hits : 1181

Posted Date : 12-Oct-2017 , 08:29:11 am | Posted By CA.Khurana Vivek

Policy of Empanelment of CA Firms and Selection of Auditors of PSUs   Empanelment of CA firms   chartered Accountant firms in India with at least one full time [1] FCA (Partner/Sole Proprietor) can apply for empanelment with this office for allotment of audit of Public Sector...

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Category : CA | Comments : 0 | Hits : 3560

Posted Date : 05-Oct-2017 , 05:20:56 pm | Posted By Rajnish Kumar

Letter of undertaking & Bond under GST Who is eligible for Letter of undertaking With effect from 4th October 2017 the facility of export of goods and/or services under LUT has now been extended to all registered persons except to those who have been prosecuted for any offence under the CG...

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Category : GST | Comments : 0 | Hits : 1260

Posted Date : 03-Oct-2017 , 06:53:26 pm | Posted By Rajnish Kumar

Export of Goods and GST Export of goods means taking goods out of India to a place outside India. Export of goods regarded as zero rated supply under GST, meaning thereby there will be no burden of duties/taxes on exported goods at any stage of distributive chain starting from manufacturer stage to ...

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Category : GST | Comments : 0 | Hits : 584

Posted Date : 24-Sep-2017 , 10:17:03 am | Posted By Prabhash Choudhary

What does audit mean? As per Section 2(13) of CGST Act, “audit” means the examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law for the time being in force to verify the co...

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Category : GST | Comments : 0 | Hits : 1566

Posted Date : 19-Sep-2017 , 12:00:45 pm | Posted By Rajnish Kumar

## What is AEO (Authorized Economic Operator?) AEO is facilitation scheme i.e. holder of this certificate is entitled for certain privilege, benefits and exemption on account of import and export, In India, AEO certification is Three-Tier AEO (T1, T2, T3).This three tier certification is launched by...

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Category : Custom | Comments : 0 | Hits : 1065

Posted Date : 18-Sep-2017 , 12:05:50 pm | Posted By Mamta Kumari

BRIEF SUMMARY Foreign companies planning to set up their business operations in India need to start a liaison office. The main purpose of starting a liaison office is to explore possible business opportunities in India by gathering relevant business information. This helps the companies to develop a...

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Category : General | Comments : 0 | Hits : 898

Posted Date : 17-Sep-2017 , 09:19:24 pm | Posted By Rajnish Kumar

Objective: In order to do ease export of the goods, now sealing for export will be electronic in absence of the CBEC official. Presence of the Superintendent of GST is not required for sealing of export container only intimation would be suffice with effect from 01st October 2017. Exporter Responsib...

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Category : Custom | Comments : 0 | Hits : 1186

Posted Date : 16-Sep-2017 , 08:47:50 pm | Posted By Mamta Kumari

DISSOLUTION OF LLP  In case the LLP wants to close down its business or where it is not carrying on any business operations, it can make an application to the Registrar of Companies for declaring the firm as defunct and removing the name of the LLP from its register of LLP’s. ...

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Category : Corporate Law | Comments : 0 | Hits : 667

Posted Date : 15-Sep-2017 , 10:12:07 pm | Posted By GSTCornor

Nyn (Associate member of Team GSTCornor) E-WAY BILL E-Way bill is an electronic way bill which is required to be carried by person in charge of the conveyance; for movements of goods from one place to another place within the state or outside the states. The e-way bill mechanism has been used in t...

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Category : GST | Comments : 0 | Hits : 864

Posted Date : 07-Sep-2017 , 05:51:57 pm | Posted By CA Sanjay Jain

Recently, the Central Government has issued a notification no 27/2017 dated 30.08.2017 wherein it has brought Rule 138 for E-way bills in public domain. The salient features of E-Way Bills notification are as under:-   1. Government shall separately notify & appoint applicable dates for i...

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Category : GST | Comments : 0 | Hits : 1293

Posted Date : 05-Sep-2017 , 07:51:03 pm | Posted By CA Mitesh Rathore

Real Estate under RERA Regime. After 4 months of implementation of RERA, Builders and Developers are in dilemma of legal compliances relating to RERA. THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016 has altered the Real Estate Business altogether and it is a big challenge for professional to ...

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Category : General | Comments : 0 | Hits : 780

Posted Date : 02-Sep-2017 , 03:44:05 pm | Posted By Sahil Sethi

Goods and Service Tax (GST), a tax regime which was referred by our PM as Goods & Simple Tax, has proved to be a tax heaven for the Special Economic Zone (SEZ ) Developers & the units therein. It has reduced the bout of heavy compliances which was nothing but a sheer scourge for the Ent...

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Category : GST | Comments : 0 | Hits : 771

Posted Date : 02-Sep-2017 , 03:34:25 pm | Posted By Sahil Sethi

Achhe din are about to come!!! The Indian public voted for BJP in 2014 or in other words there was Modi wave that led to the victory of BJP in central elections.. With Modiji's modified government the era of reforms initiated in the State of our country.. The Jan Dhan Yojana with the moto of Sabka s...

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Category : General | Comments : 0 | Hits : 517