What is TDS (Tax Deducted at Source)?
The TDS stands for the Tax Deducted at Source. As per the Income Tax Act, any company or person making a payment is required to deduct TDS (Tax Deducted at Sou
What is DIR-3 KYC?
DIR-3 KYC is a new form launched by the MCA. This form will be used to update the KYC of all directors.
As per the provisions of Rule 12A of the Companies (Appointment and Qua
ircular No. 9 of 2021
F.No.225/49/2021 -ITA-II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi,
Dated 20th May, 2021
Subject: Extensio
Expenditure on COVID-19 Healthcare facilities and Infrastructure counted under CSR Expenditure
Pursuant to the General Circular No. 09/2021, issued by Ministry of Corporate Affairs, on 5th May, 202
♦ What is NPS?
It stands for National Pension System. NPS is regulated by PFRDA, with transparent investment norms and regular monitoring and performance review of fund managers by NPS Trust.
In the ongoing pandemic situations, oxygen and medical facilities are not the only concerns for the people but they are also wriggling with the various tax compliances, failing which will attract inte
The Companies (Appointment and Qualification of Directors) Third Amendment Rules.
i) eForm DIR-3 KYC is to be filed by an individual who holds DIN and is filing his KYC details
The Startup India initiative of the Government of India envisages building a robust Start-up ecosystem in the country for nurturing innovation and providing opportunities to budding entrepreneurs.
START UP COMPANIES AND EXEMPTION AVAILABLE UNDER INCOME TAX ACT, 1961
Indian economy is now running on right path and will achieve target of a developed economy. We have come a long way since
ub-rule (4), (5) and (6) were inserted in Rule 48 (Manner of issuing Invoice) of the Central Goods and Services Tax Rules, 2017 (“CGST Rules”) vide Notification No. 68/2019 -Central Tax da
Benefits of Startup Registration
Self-Certification
Startups are more permeable to failure in the initial stage of their lifecycle. Startups are permitted for self-certification w
The government has rolled out a new simple application to make it further easier for incorporating a business in India. The new web form, Simplified Proforma for Incorporating Company Electronically P
Quarterly Return Monthly Payment Scheme
Taxpayers with annual turnover upto 31.5 Crore and filing GSTR-1 on monthly basis presently have not been migrated to QRMP scheme. They can opt in for this s
E-commerce i.e Electronic commerce which simply means supply of goods and services through electronic mode over the internet moreover, in legal term Electronic Commerce has been de
Applicability
The new scheme is applicable only to taxpayers having an aggregate turnover under GST law less than Rs. 5 crores in FY 2019-20 and in FY 2020-21 till date.
The taxpayer
As per Section 169 of the Companies Act, 2013, a company may, by ordinary resolution, remove a director, not being a director appointed by the Tribunal under section 242, before the expiry of the