Insights

Compliance calendar April 2019

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 […]

Funding procedures are now easier for startups- relaxation on angel tax norms

Background – Sec 56(2)(viib), Income Tax Act Where a closely held company (generally private companies and unlisted public companies) issues its shares at a price which is more than its fair market value then the share premium received in excess of fair market value of shares will be charged to tax in the hands of […]

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

Compliance Calendar- March 2019

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

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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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BLOG

Compliance calendar April 2019

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 […]

Funding procedures are now easier for startups- relaxation on angel tax norms

Background – Sec 56(2)(viib), Income Tax Act Where a closely held company (generally private companies and unlisted public companies) issues its shares at a price which is more than its fair market value then the share premium received in excess of fair market value of shares will be charged to tax in the hands of […]

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

Compliance Calendar- March 2019

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

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