Insights

CERTIFICATE OF COMMENCEMENT OF BUSINESS

From 02 November 2018, obtaining of Certificate of Commencement of Business has been made mandatory for all companies in order to commence business activities.

Compliance Calendar February 2019

Important due dates to comply with under income Tax Act, 1961, Companies Act 2013, GST Act etc

Unclaimed ITC 30/08/2018, by JAKS

Unclaimed ITC of GST for FY 2017-18 (FAQ) Yes; you can claim eligible ITC of a tax invoice, debit note for the supply of goods or services for the FY 2017-18 before:- 1. the due date of filing the return for September month of the next financial year, i.e. 20th October 2018 OR 2. the […]

An eye-opener for automobile dealers 06/06/2018, by Jose Zachariah, FCA & Ajith Kumar, ACA

Need for Health check-up in automobile dealerships

Income tax planning guide – Finan017-18 cial year 2:- 23/01/2018, by Anu Jose FCA, Jorshan Johnson

The Tax rate for income between Rs.2.5 lakh to Rs.5 lakh has been reduced from 10% to 5%.

Capital Gain Tax on Compulsory Acquisition of Land 02/06/2016, by Jose Zachariah FCA

Government and Government Departments acquire land compulsorily from owners of land for road widening, new projects as in all these cases

Fast Track Exit Scheme – 13/10/2015, by Arun Chacko

The Ministry of Corporate Affairs introduced the Fast Track Exit Scheme

Company Law Settlement Scheme 2014 25/08/2014, Arun Chacko

Section 92 of Companies Act, 2013 (Sections 159 and 160 of Companies Act 1956) requires every company to file Annual return and Financial Statements within 60 days of Annual General meeting or within 60 days from the date on which the Annual General

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TDS on sale of Property by NRI

Problem Non-residents who are selling immovable property which is situated in India have to pay tax on the Capital Gains. The tax that is payable on the gains depends on whether it is a short term or a long term capital gains. When a property is sold, after two years from the date it was […]

Capital Gain Tax on Compulsory Acquisition

Problem Our client had a plot of land (non-agricultural) situated near a busy junction (Sreekaryam) in Thiruvananthapuram. Kerala State Government decided to construct an overbridge at the junction mentioned above to reduce traffic congestion. The government was compulsorily acquired the abovementioned plot of land for this purpose, and our client was awarded a package sum […]

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CERTIFICATE OF COMMENCEMENT OF BUSINESS

From 02 November 2018, obtaining of Certificate of Commencement of Business has been made mandatory for all companies in order to commence business activities.

Compliance Calendar February 2019

Important due dates to comply with under income Tax Act, 1961, Companies Act 2013, GST Act etc

Unclaimed ITC 30/08/2018, by JAKS

Unclaimed ITC of GST for FY 2017-18 (FAQ) Yes; you can claim eligible ITC of a tax invoice, debit note for the supply of goods or services for the FY 2017-18 before:- 1. the due date of filing the return for September month of the next financial year, i.e. 20th October 2018 OR 2. the […]

An eye-opener for automobile dealers 06/06/2018, by Jose Zachariah, FCA & Ajith Kumar, ACA

Need for Health check-up in automobile dealerships

Income tax planning guide – Finan017-18 cial year 2:- 23/01/2018, by Anu Jose FCA, Jorshan Johnson

The Tax rate for income between Rs.2.5 lakh to Rs.5 lakh has been reduced from 10% to 5%.

Capital Gain Tax on Compulsory Acquisition of Land 02/06/2016, by Jose Zachariah FCA

Government and Government Departments acquire land compulsorily from owners of land for road widening, new projects as in all these cases

Fast Track Exit Scheme – 13/10/2015, by Arun Chacko

The Ministry of Corporate Affairs introduced the Fast Track Exit Scheme

Company Law Settlement Scheme 2014 25/08/2014, Arun Chacko

Section 92 of Companies Act, 2013 (Sections 159 and 160 of Companies Act 1956) requires every company to file Annual return and Financial Statements within 60 days of Annual General meeting or within 60 days from the date on which the Annual General

View all
case Study

TDS on sale of Property by NRI

Problem Non-residents who are selling immovable property which is situated in India have to pay tax on the Capital Gains. The tax that is payable on the gains depends on whether it is a short term or a long term capital gains. When a property is sold, after two years from the date it was […]

Capital Gain Tax on Compulsory Acquisition

Problem Our client had a plot of land (non-agricultural) situated near a busy junction (Sreekaryam) in Thiruvananthapuram. Kerala State Government decided to construct an overbridge at the junction mentioned above to reduce traffic congestion. The government was compulsorily acquired the abovementioned plot of land for this purpose, and our client was awarded a package sum […]

View all