What is Systemically Important Non-Deposit Taking NBFC(NBFC – ND – SI)? Non-Deposit taking NBFCs having an asset size of Rs. 500 Cr and more as per their audited balance sheet of last financial year are considered as a systemically important NBFC – ND (NBFC-ND-SI). Other NBFC’s having an asset size of less than 500 Cr. …
SECTION-92-ANNUAL RETURN OF COMPANY ANNUAL RETURN The annual return is required to be filed by every company in Form No. MGT.7 which includes all the information of the company as of the closure of the financial year. As per section 92 of Companies Act, 2013, an overview of all the annual returns given in Form …
E payment of Challan 280, 281,282, – Income Tax Department TDS is the abbreviated form for Tax Deducted Source, controlled by the CBDT. TDS Challan is required to pay the TDS sum deducted to the Tax dept. You can use TDS Challan 280, TDS Challan 281, or 282 as needed. Let’s check the complete understanding …
Income Tax Return The tax return is a document that you are expected to file which includes information about your earnings as well as your tax liabilities. These tax return forms are necessary to file with the Income Tax Department. The Income Tax Act, 1961, allows the Indian citizen to send their Income tax returns …
Section 8 Online Registration of Company OVERVIEW According to the companies act, 2013 section 8 companies are one whose objective is to promote the field of art, commerce, science, research, charitable, social welfare. Section 8 Company is an entity licensed for charitable purposes; it can also be applied to as a Non-Profit Entity (NPO) or …
Happy Chartered Day Accountant! Welcome to the 72nd day of CA DAY! I would like to re-connect and to wish you a very happy CA day. I, as a co-professionals, wish to expand the partnership in IFCCL on this auspicious day. COVID 19 moved us all across digital channels into virtual action. Yes, when we …
Govt extends the deadline for tax compliance to file a return and other records by 30 June Extension of different deadlines under the Direct Tax & Benami laws: Notification No 35/2020 has been released by CBDT [S.O. 2033(E)] of 24 June 2020 on Taxation & Other Laws, extending further the time-limits for numerous compliance measures. …
Money transfers/repatriation of non-repatriable earnings and NRO Account available balances: While under the FEMA Act, 1999, NRI’s non-repatriable current earnings, like rental, dividends, insurance, Interest on NRO investment, etc. attributed to the NRO account, is now completely repatriable subject to reasonable tax payment/deduction. NRIs that do not hold an NRO account is also given such …
The “Input Tax Credit” is NOT available for project development services under the Central Goods and Services Tax Act, 2017. RULING of AAR, Gujrat – M/s. Deendayal Port Trust (erstwhile Kandla Port Trust) The concern involved in this incident concerns the ‘Input Tax Credit’ under the CGST Act. A port trust that runs a big port …
RBI enforce withdrawal restriction of a total amount not exceeding 500 For Karnala Nagari Sahakari Bank Ltd., (Maharashtra) 1. Authority to issue certain Directions to Karnala Nagari Sahakari Bank Ltd., (Maharashtra) by which, as from of the end of trading on 15 June 2020, the Administrator of the aforementioned bank shall not, without prior written …