CBDT Guidelines on applicability of TDS Provision U/s 194R TDS Rate U/s 194R The Finance Act 2022 added a new section in the Income tax Act section 194R. Budget 2022-23 included a new section 194R towards TDS (tax deducted at source) to the Income-tax Act, 1961 with effect from July 1, 2022,. The new section …
Online MCA E- Scrutiny of Corporate Filing in India The Ministry of Corporate Affairs will examine/ scrutinize ROC filings filed via the Straight Through Process Under the Central Scrutiny Centre, under the blog we will discuss about the ROC annual filing, STP E-Forms, MCA notification regarding the MCA Electronic Scrutiny Of Corporate Filing in India. …
Waterfall mechanism under Liquidation under the IBC 2016: Under section 53(1) of the Insolvency Code, 2016, the fees payable to the liquidator shall be deducted proportionately from the proceeds payable to each class of recipients, and the proceeds to the applicable recipient shall be dispersed after such deduction. Both the IBC and the Insolvency and …
Advantages of Green Banking Sustainability and its impact on our Environment. The need of environmental preservation & Sustainability is now generally recognized. The 3 R’s (reduce, reuse, and recycle) are being emphasised as a way to reduce the demand for fossil fuels several studies have found that increasing carbon emission may lead to the occurrence …
Books of Accounts & Financial Statements Every company should prepare and keep its books of accounts and financial statement at the end of every financial year which give a true and fair view of the state of the affairs of the corporation and explains each transaction. The accounts should be maintained on accrual basis and …
GST Registration for Branches in the Different States A taxable person under GST must get GST registration in each state or union territory where the taxable supply of goods or services is made. If a restaurant operates in both Maharashtra and Delhi, for example, Different GSTIN must be issued for Maharashtra & Delhi. Yes, you …
What is Process to add Additional Trade Name under same GST No? The Goods and Services Tax Network recently implemented a new feature that allows you to add a “Additional Trade Name” (not the same as the ordinary trade name) to the same Goods and Services Tax Number. Having various trade names under the same …
Tax & Statutory & Compliance Calendar for June 2022 S. No. Statue Under Which Period Of Compliance Filling Purpose Timeline Date Particular of Compliance Details 1 Goods and Services Tax May-22 GSTR -7 Tax deducted at source return under Goods and Services Tax 11-Jun-22 GSTR -7 is a return to be filed by the …
Delays in delivery after the E-Way Bill has lapsed would not be considered GST evasion. The Supreme Court has ruled that non-delivery of goods within the validity period of an e-way bill, as well as non-extension of an e-way bill, does not always imply tax evasion, especially where the delay is caused by external reasons. …
Relaxation in paying additional fees in LLPs Filling MCA has made Relaxation in payment of additional fees in case of late in filling all the e-forms by LLPs which are due on and after 25th Feb, 2022 to 31st May, 2022 up to 30th June,2022 This issues with the approval of the relevant authority . …