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Modified LLP Settlement Scheme- Clear pending filings without any late fees

What is Modified LLP Settlement Scheme 2020   Ministry of Corporate affairs has notified the modified LLP Settlement Scheme 2020 to provide a one-time opportunity for the defaulting Limited Liability Partnerships registered in India to file their pending returns and document without any late/additional fees and also to provide immunity from all legal proceedings in […]

Companies Fresh Start Scheme 2020

A golden opportunity for defaulter companies to become compliant with savings of lakhs of rupees. What is Companies Fresh Start Scheme 2020 (CFSS 2020)? In order to facilitate the companies registered in India to make a fresh start on a clean slate, Ministry of Corporate Affairs has introduced Company Fresh Start Scheme 2020 vide MCA […]

Every Company other than Govt. Company shall File ONE TIME Return in E-Form DPT – 3 before 22nd April 2019.

Purpose: Disclosure of outstanding receipt of money or Loan which are not considered as DEPOSITS, in term of clause ( c ) of sub-rule 1 of Rule 2 from 1st April 2014 to 22nd January 2019. Details required for filing the Form DPT-3 is as follows. Please confirm and certify that the company has accepted […]

Form INC-22A ACTIVE Another Mandate for Companies in India

  MCA has introduced Form INC-22A ACTIVE seeking particulars of every company that is incorporated on or before the 31st December 2017 including location photo of Registered Office. This form is to be filed on or before 25th April 2019. Information required to be furnished in Form INC-22A ACTIVE Name & Address of the company […]

MCA DETECTING SHELL COMPANIES: ANOTHER MANDATE FOR COMPANIES IN INDIA

MCA has introduced e- Form ACTIVE (Form INC 22A ) seeking particulars of every company that is incorporated on or before the 31st December 2017 including location photo of Registered Office. This form is to be filed on or before 25th April 2019.Companies who do not intimate these said particulars to the Registrar will be marked as “ACTlVE-non-compliant” and will be liable for action

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.

Key highlights of amendments to various Rules under Companies Act, 2013 – 12/05/2018, by Krishnakumar A, FCA

View Document By clicking here    

Condonation of Delay scheme 2018 – A golden opportunity for Disqualified directors of companies 22/12/2017, by Remesh Naick V.R FCA

MCA has notified a scheme for defaulting companies and directors named “Condonation of Delay scheme 2018” in Circular No.16/2017 dated 29.12.2017

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February 2021 – Compliance calendar

February Sl. No Particulars Due Date Direct Tax 1 Deposit of TDS & TCS for January 2021 07 February 2021 2 Due date for issue of TDS Certificate for tax deducted under Section 194-IA & 194-IB in the month of December,2020 14 February 2021 3 Extended due date for filing return of income for the […]

January 2021 – Compliance calendar

January Sl. No Particulars Due Date Direct Tax 1 Deposit of TDS & TCS for December 2020 07 January 2021 2 Extended due date for filing return of income for the PY 2019-20 for all non-corporate assessee  (ie, Individuals, HUF, AOP, BOI, Partnership) (a)whose books of accounts are not required to be audited or (b) […]

Taxation on sale of House Property by NRIs and related issues

With the unprecedented appreciation in the value of real estate in India over the past two decades several NRIs sell their house property in India and repatriate the sale proceeds abroad instead of gifting it to their close relatives as was the common practice earlier. Sale of such property attracts Long Term Capital Gains  Tax […]

December 2020 – Compliance calendar

December Sl. No Particulars Due Date Direct Tax 1 Deposit of TDS & TCS for November, 2020 07 December 2020 Third instalment of advance tax for the AY 2021-22 15 December 2020 2 Due date for issue of TDS Certificate for tax deducted under Section 194-IA & 194-IB in the month of October, 2020. 15 […]

Recent Income Tax Relief for New Residential Homes

The Union Finance Minister, Nirmala Sitharaman on November 12th 2020 unveiled a new incentive scheme to developers and home buyers to boost demand for the housing sector by doubling the differential between Circle Rate (Stamp duty Value) and Transaction value from 10% to 20%. This relief is applicable for primary sale of residential units, the […]

Compliance Calendar – November 2020

  November 2020 – Compliance calendar November Sl. No Particulars Due Date Direct Tax 1 Deposit of TDS & TCS for October, 2020 07 November 2020 2 Due date for issue of TDS Certificate for tax deducted under Section 194-IA & 194-IB in the month of September, 2020. 14 November 2020 3 Furnishing of challan-cum-statement […]

Budgeting for business

Failing to plan is planning to fail. We all know about the importance of planning in our day to day lives. But how well do we plan for our business? An efficient way to do planning is to create a budget for business. In this article, we will discuss various points to keep in mind […]

Compliance Calendar – October 2020

October Sl. No Particulars Revised Due Date Direct Tax 1 Deposit of TDS & TCS for September, 2020 07 October 2020 2 Due date for issue of TDS Certificate for tax deducted under Section 194-IA & 194-IB in the month of August, 2020. 15 October 2020 3 Furnishing of challan-cum-statement in respect of tax deducted […]

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Modified LLP Settlement Scheme- Clear pending filings without any late fees

What is Modified LLP Settlement Scheme 2020   Ministry of Corporate affairs has notified the modified LLP Settlement Scheme 2020 to provide a one-time opportunity for the defaulting Limited Liability Partnerships registered in India to file their pending returns and document without any late/additional fees and also to provide immunity from all legal proceedings in […]

Companies Fresh Start Scheme 2020

A golden opportunity for defaulter companies to become compliant with savings of lakhs of rupees. What is Companies Fresh Start Scheme 2020 (CFSS 2020)? In order to facilitate the companies registered in India to make a fresh start on a clean slate, Ministry of Corporate Affairs has introduced Company Fresh Start Scheme 2020 vide MCA […]

Every Company other than Govt. Company shall File ONE TIME Return in E-Form DPT – 3 before 22nd April 2019.

Purpose: Disclosure of outstanding receipt of money or Loan which are not considered as DEPOSITS, in term of clause ( c ) of sub-rule 1 of Rule 2 from 1st April 2014 to 22nd January 2019. Details required for filing the Form DPT-3 is as follows. Please confirm and certify that the company has accepted […]

Form INC-22A ACTIVE Another Mandate for Companies in India

  MCA has introduced Form INC-22A ACTIVE seeking particulars of every company that is incorporated on or before the 31st December 2017 including location photo of Registered Office. This form is to be filed on or before 25th April 2019. Information required to be furnished in Form INC-22A ACTIVE Name & Address of the company […]

MCA DETECTING SHELL COMPANIES: ANOTHER MANDATE FOR COMPANIES IN INDIA

MCA has introduced e- Form ACTIVE (Form INC 22A ) seeking particulars of every company that is incorporated on or before the 31st December 2017 including location photo of Registered Office. This form is to be filed on or before 25th April 2019.Companies who do not intimate these said particulars to the Registrar will be marked as “ACTlVE-non-compliant” and will be liable for action

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.

Key highlights of amendments to various Rules under Companies Act, 2013 – 12/05/2018, by Krishnakumar A, FCA

View Document By clicking here    

Condonation of Delay scheme 2018 – A golden opportunity for Disqualified directors of companies 22/12/2017, by Remesh Naick V.R FCA

MCA has notified a scheme for defaulting companies and directors named “Condonation of Delay scheme 2018” in Circular No.16/2017 dated 29.12.2017

View all
case Study

February 2021 – Compliance calendar

February Sl. No Particulars Due Date Direct Tax 1 Deposit of TDS & TCS for January 2021 07 February 2021 2 Due date for issue of TDS Certificate for tax deducted under Section 194-IA & 194-IB in the month of December,2020 14 February 2021 3 Extended due date for filing return of income for the […]

January 2021 – Compliance calendar

January Sl. No Particulars Due Date Direct Tax 1 Deposit of TDS & TCS for December 2020 07 January 2021 2 Extended due date for filing return of income for the PY 2019-20 for all non-corporate assessee  (ie, Individuals, HUF, AOP, BOI, Partnership) (a)whose books of accounts are not required to be audited or (b) […]

Taxation on sale of House Property by NRIs and related issues

With the unprecedented appreciation in the value of real estate in India over the past two decades several NRIs sell their house property in India and repatriate the sale proceeds abroad instead of gifting it to their close relatives as was the common practice earlier. Sale of such property attracts Long Term Capital Gains  Tax […]

December 2020 – Compliance calendar

December Sl. No Particulars Due Date Direct Tax 1 Deposit of TDS & TCS for November, 2020 07 December 2020 Third instalment of advance tax for the AY 2021-22 15 December 2020 2 Due date for issue of TDS Certificate for tax deducted under Section 194-IA & 194-IB in the month of October, 2020. 15 […]

Recent Income Tax Relief for New Residential Homes

The Union Finance Minister, Nirmala Sitharaman on November 12th 2020 unveiled a new incentive scheme to developers and home buyers to boost demand for the housing sector by doubling the differential between Circle Rate (Stamp duty Value) and Transaction value from 10% to 20%. This relief is applicable for primary sale of residential units, the […]

Compliance Calendar – November 2020

  November 2020 – Compliance calendar November Sl. No Particulars Due Date Direct Tax 1 Deposit of TDS & TCS for October, 2020 07 November 2020 2 Due date for issue of TDS Certificate for tax deducted under Section 194-IA & 194-IB in the month of September, 2020. 14 November 2020 3 Furnishing of challan-cum-statement […]

Budgeting for business

Failing to plan is planning to fail. We all know about the importance of planning in our day to day lives. But how well do we plan for our business? An efficient way to do planning is to create a budget for business. In this article, we will discuss various points to keep in mind […]

Compliance Calendar – October 2020

October Sl. No Particulars Revised Due Date Direct Tax 1 Deposit of TDS & TCS for September, 2020 07 October 2020 2 Due date for issue of TDS Certificate for tax deducted under Section 194-IA & 194-IB in the month of August, 2020. 15 October 2020 3 Furnishing of challan-cum-statement in respect of tax deducted […]

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