Relaxation for Newly Open Registered Companies: Relief on ROC Annual filling exemption Good news for a newly registered company who are having struggling to meeting adherence of ROC Annual filling requirement, The Ministry of Corporate Affairs has given concession on ROC annual filing & Financial Statements for newly incorporated company on or after 01 Jan …
Guide on Pvt Ltd Company Registration Process Creating a company in India is an essential first step on your path to entrepreneurship. And establishing a company is not as simple as you would think. There are procedures to follow and documents to submit, of course, but once you understand how to do them, the entire …
Company Registration in Gurugram: A Step-by-Step Guide Company Registration in Gurugram is a simple and straightforward process; registering as a Private Limited (Pvt Ltd Registration) in Gurugram is the first step in the corporate route; it is a structure one where your liability in the event of a failure is limited to the capital invested; this …
Today Update : DIRECT TAX:- DVAT depth. the provisional login/ password removed from the dealer’s login has been restored for accessing to GSTN portal. Members instantly avail of this opportunity for timely migration to GST & do not wait for the next phase. TEAM STBA e- filing portal of income tax, wherein the functionality “My Account” has been …
Today Update : DIRECT TAX:- Bombay High court held that an unintentional error on the part of the assessee while filing an appeal, more so when the department also acted ignoring the error, would not result in rejecting the assessee’s appeal being time-barred. Therefore, in the present case, the mistake of the assessee to file …
Today Update : DIRECT TAX:- Reference to the Transfer Pricing Officer (TPO) can be made only after passing a speaking order disposing of the objections raised by the assessee. M/s Alpha Nipon Innovative Ltd. Vs CIT. The validity of reopening of assessment – notice to a dead person – even if Section 159 is attracted, …
Today Update : DIRECT TAX:- Delhi ITAT held that Penalty can be imposed only on disproved claim of expenditure and not unproven claim of expenditure. Arun Duggal Vs. DCIT (ITAT Delhi) The market value of the capital asset has no relevance in determining the full value of consideration: ITAT Assistant Commissioner of Income-tax, Circle-12, Ahmedabad …
Today Update : DIRECT TAX:- CBDT has issued a press release regarding “Reporting Cash Transactions under Rule 114E of Income Tax Rules,1962”. Punjab and Haryana High Court held that the Guarantee commission paid for the acquisition of Fixed Assets are allowed as Revenue Expenditure. [M/s Chandigarh State Road and Bridges Development Corporation Ltd Vs CIT] No …
Today Update : DIRECT TAX:- CBDT has issued a press release regarding payments towards Tax, Penalty, Surcharge under the PMGKY is to be made through challan ITNS- 287 & deposits are to be made in Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 which can be made in old demonetized currency. CBDT issued a press release …
Today Update: DIRECT TAX:- Kerala High Court has held that Cross Objection filed before the Tribunal u/s 253(4) is an independent appeal and shall be adjudicated on merits even if the other party’s appeal is dismissed, for whatever reason. [City Centre Builders & Developers Vs ITAT Cochin & Others] C K Ahuja Vs CIT Whether when …