Insights

Compliance calendar August 2019

FOOD PROCESSING INDUSTRY (SUNRISE INDUSTRY) – OPPORTUNITIES AND CHALLENGES

Industry Overview Food is culture but food is also commerce If there is an industry without which a society cannot exist is the Food and Beverage Industry. People can’t live without it. The Indian Food industry is estimated to be at Rs. 4,000 billion and is growing every year at minimum 6.5%. The growth is […]

Compliance calendar June 2019

Compliance Calendar – May 2019

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 […]

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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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Compliance calendar August 2019

FOOD PROCESSING INDUSTRY (SUNRISE INDUSTRY) – OPPORTUNITIES AND CHALLENGES

Industry Overview Food is culture but food is also commerce If there is an industry without which a society cannot exist is the Food and Beverage Industry. People can’t live without it. The Indian Food industry is estimated to be at Rs. 4,000 billion and is growing every year at minimum 6.5%. The growth is […]

Compliance calendar June 2019

Compliance Calendar – May 2019

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 […]

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