TDS Rate chart for the FY 2023-24 (AY 2024-25)
Posted Date : 18-Apr-2023 , 12:00:28 pm | Posted By
Ishita Ramani
Updates concerning TDS in Union Budget 2023-24
The TDS Rate Chart for FY 2023-2024 / AY 2024-2025 includes several updates and changes. These changes are outlined below:
Section 194BA: TDS introduced on income from online gaming, applicable from 1st April, 2024.
Section 196A:...
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Category : Corporate Law |
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Cost Inflation Index for the FY 2022-23 AY 2023-24
Posted Date : 17-Apr-2023 , 05:01:38 pm | Posted By
Ishita Ramani
Introduction
Cost Inflation Index is a term used in the context of income tax in India. It refers to the index that helps taxpayers determine the inflation-adjusted purchase price of an asset, which in turn is used to calculate capital gains. The government of India announces the Cost Inflation Ind...
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Category : Corporate Law |
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Income Tax Rates Slab for FY 2023-24 (AY 2024-25)
Posted Date : 17-Apr-2023 , 11:40:52 am | Posted By
Ishita Ramani
The taxation system in India is characterized by a progressive approach, where the amount of tax payable rises as income increases. In order to facilitate this approach, Income Tax slabs have been introduced in the country. The applicability of these slabs is influenced by various factors, such as t...
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Category : Corporate Law |
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Due-dates for ITR Filing Online for FY 2022-23
Posted Date : 15-Apr-2023 , 11:56:26 am | Posted By
Ishita Ramani
The Income Tax Department has introduced seven different forms, namely Form ITR 1 to ITR 7, for filing Income Tax Return based on the type of income and entity. It is crucial for every taxpayer to file their Income Tax Return within the stipulated due date. In this article, we have compiled all the ...
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Category : Corporate Law |
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ROC Compliance Calendar 2023-24 (FY 2022-23)
Posted Date : 14-Apr-2023 , 11:36:32 am | Posted By
Ishita Ramani
Every business structure registered in India such as Private Limited Company, Public Limited Company, One Person Company, Limited Liability Partnership, etc. is obligated to file specific forms every year with the Registrar of Companies. According to the Companies Act, 2013, and the Limited Liabilit...
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Category : Corporate Law |
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Important Statutory Due dates for OPC Annual Filing for FY 2022-23
Posted Date : 13-Apr-2023 , 12:23:29 pm | Posted By
Ishita Ramani
What is OPC Annual Filing?
One Person Company (OPC) has comparatively lower compliance requirements than Private Limited or Public Limited Companies, resulting in lower OPC Annual Compliance costs.
OPCs are required to file two annual forms, namely MGT 7A and AOC 4, every year. It’s importan...
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Category : Corporate Law |
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Important Statutory Due dates for LLP Annual Filing for FY 2022-2023
Posted Date : 11-Apr-2023 , 12:40:20 pm | Posted By
Ishita Ramani
In India, it is crucial to comply with the necessary regulations for your business structure if it is registered. Limited Liability Partnership (LLP) is a type of business structure that requires a minimum of two members and has no limit on the maximum number of members. Compared to a Private Limite...
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Category : Corporate Law |
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The Functions of a Wholly Owned Subsidiary Company
Posted Date : 05-Apr-2023 , 11:54:21 am | Posted By
Ishita Ramani
Introduction
A wholly owned subsidiary is a company with 100% of its shares owned by another corporation, which is the parent company. A parent company can acquire a wholly owned subsidiary or create one through a split-off. The parent company usually owns 51% to 99% of the subsidiary, and in cases...
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Category : Corporate Law |
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Tax Compliance and Statutory due dates for the month of April, 2022
Posted Date : 31-Mar-2022 , 01:19:20 pm | Posted By
Ishita Ramani
Compliance Calendar for the month of April 2022
A new Financial Year 2022-23 has begun and being the first month of the new Financial Year, April 2022 is an important month if we look at it from the Tax Compliance and other Statutory Compliance' point of view. There are multiple Statuto...
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Category : Corporate Law |
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Unicorn Infra.Market :under I-T lens for alleged evasion
Posted Date : 22-Mar-2022 , 01:44:54 pm | Posted By
CA. Dr. Gaurav Bhambri
Infra.Market, an online platform for construction materials is under the scanner of the tax department for alleged evasion.
While the authorities did not name the company, a statement issued by the Central Board of Direect Taxes (CBDT) said that on March 9, search and seizure operations&n...
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Category : Corporate Law |
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Tax Compliance and Statutory due dates for the month of March, 2022
Posted Date : 03-Mar-2022 , 11:48:31 am | Posted By
Ishita Ramani
Compliance Calendar for March 2022
Being the last month for the financial year, March is a significant month from the point of view of the tax compliance and other statutory due dates for ROC Reporting, GST Return Filings, and Income Tax Filing as it is the last month of the fiscal year. Ev...
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Category : Corporate Law |
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Tax Compliance and Statutory due dates for the month of February, 2022
Posted Date : 01-Feb-2022 , 05:49:38 pm | Posted By
Ishita Ramani
Tax Compliance and Statutory due dates for February, 2022
Compliance Calendar for the month of February 2022
Starting, owning, or doing a business in India comes with important compliance that a business irrespective of its structure, has to adhere to during a financial year. Be it filing of Incom...
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Category : Corporate Law |
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0 | Hits : 1943 |
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$1 billion a year in gold-backed loans : Rupeek Fintech Achievement.
Posted Date : 11-Jan-2022 , 07:33:53 pm | Posted By
CA. Dr. Gaurav Bhambri
This article is highlighting Rupeek Fintech, a startup that lends against gold as collateral, raised $34 million to accelerate its efforts to monetise India’s $1.5 trillion private stash of the precious metal. The Bangalore-based firm, whose technology links nearly a...
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Category : Corporate Law |
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Tax Compliance and Statutory due dates for the month of January, 2022
Posted Date : 01-Jan-2022 , 02:34:44 pm | Posted By
Ishita Ramani
Compliance calendar for the month of January, 2022
Starting, owning, or doing a business in India comes with important compliance that a business irrespective of its structure, has to adhere to during a financial year. Be it filing of Income Tax Return or GST Return or complying with the ROC Annual...
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Category : Corporate Law |
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Reasons for Suspended CCI 2019 nod : Amazon deal with Future Co.
Posted Date : 28-Dec-2021 , 10:46:42 am | Posted By
CA. Dr. Gaurav Bhambri
In this article the main highlights are suspended CCI 2019 nod for Amazon deal with Future co. India's antitrust body competition commission of India (CCI) on Friday said Amazon's 2019 deal with Future to remain in abeyance, citing US e-commerce major's failure to notify certain comm...
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Category : Corporate Law |
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New Indian Companies Act: More Flexible & Less Stringent
Posted Date : 26-Nov-2021 , 10:03:29 am | Posted By
CA. Dr. Gaurav Bhambri
In this article main highlights are changes like decriminalizing various penal provisions of the Companies Act, 2013, setting up more benches of NCLAT, the establishment of Corporate Social Responsibility (CSR), etc. were brought up in the Companies Act, 2013 on the suggestion of the Company Law Com...
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Category : Corporate Law |
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India’s app developers, start-ups seek interim relief from CCI against Google’s new billing policy
Posted Date : 11-Oct-2021 , 07:04:24 pm | Posted By
CA. Dr. Gaurav Bhambri
This article is focus about the Alliance of Digital India Foundation (ADIF) on behalf of India’s app-developers & the start-up community has filed a petition before the Competition Commision of India (CCI) against Google’s new billing policy which comes into effect from March 2022. T...
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Category : Corporate Law |
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Tax Compliance and Statutory due dates for the month of September, 2021
Posted Date : 01-Sep-2021 , 06:40:10 pm | Posted By
Ishita Ramani
Compliance Calendar for the month of September 2021
It is crucial for every business, irrespective of the business structure to adhere to the statutory compliance and complete all the necessary filings before the due dates. It is important to stay compliant with enormous compliance falling in the y...
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Category : Corporate Law |
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Tax Compliance and Statutory due dates for the month of August, 2021
Posted Date : 07-Aug-2021 , 12:17:32 pm | Posted By
Ishita Ramani
Tax Compliance and Statutory due dates for the month of August, 2021 Compliance Calendar for the month of August 2021 The month of August is very crucial for many reasons. One of the major reasons is that it has been predicted by the experts that COVID 19 third wave might hit the country in the Augu...
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Category : Corporate Law |
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One Person Company (OPC)
Posted Date : 30-Jul-2021 , 12:23:41 pm | Posted By
CS MANJU LAUR
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Category : Corporate Law |
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