MCA Form CSR – 2 on reporting on Corporate Social Responsibility MCA has issued a new FORM CSR-2 for reporting on Corporate Social Responsibility, which must be reported yearly with Form AOC-4 beginning in FY 2021. Because the modifications in AOC-4 have not been implemented for FY 20-21, it will be filed separately by 31-03-2022. …
Condonation of delay in filing Form 10-IC for Assessment Year 2020-21 for concessional rate of tax at 22% Finally, a big relief to the domestic companies who opted for concessional rate of tax at 22% for AY 2020- 21 but could not file/forgot to file Form 10- IC on or before the due date of …
GOODS & SERVICES TAX COMPLIANCE CALENDAR FOR THE FY 2026-27 To comply with the different compliances under GST , here is the GST compliance calendar for the Financial Year 2026-27. Keep track of everything and you’ll never forget a deadline. Stay compliant at all times. GST COMPLIANCE CALENDAR FOR THE FY 2026-27 Returns for Specific …
Pre-Requisites for NBFC Registration Basic Pre-Requisites for NBFC registration are as below: Targeting the Untouched Segment High-Level Business Plan Capital Test Profile of the Promoters Area of Operation Functions & Role of an NBFC The function and mechanisms of the NBFC in India can be summed up as: Developing sectors such as infrastructure, education and …
OVERVIEW OF CHECKLIST OF STATUTORY AUDIT OF NBFC The difference between NBFC and bank has remained very little because of the dynamic growth of NBFC during past years NBFC do not have banking license as banks but they do provide certain financial services. NBFC are registered under companies’ act 2016 and provide financial support by …
NBFC Type, fundamental analysis, key ratios & basic Concern Kind of NBFC Classification on the basis of its activities. INVESTMENT ACTIVITIES Lending Activities Activities Related To Lending Investment Co. Non-Operative Financial Holding Co. Core Investment Co. Lending activities and activities related to lending: 1.Asset Finance Co. Infrastructure debt co. Micro finance co. loan co. infrastructure …
Complete understanding U/s 80EEA- Housing for All Budget 2019: Introduction in the 2019 Budget, Section 80EEA allows first-time home buyers to save an additional Rs 1.50 lakh per year on home loan interest expenses If they buy a ‘affordable property. The deduction u/s 80EEA is in excess of the INR 2,00,000/- maximum allowed u/s 24. …
Concept of virtual CFO Service It is rightly said that the crises also open the new opportunities. The pandemic has taught us lesson to manage the things through the best available resources. The CFO ‘s role in an organisation is full time job and requires handsome fund to avail such services. The CFO on the …
Digital Currency & Virtual Digital Assets What are means of Virtual Digital Assets? Finance bill 2022 defined the term “virtual digital asset” by entering a new clause (47A) under the income tax According to proposed new clause under the definition of a a virtual digital asset is proposed to mean any information or code or No or …
What is Common errors in filing of GSTR returns which needed to avoid. Prior to the GST regime, there was the VAT system, which enabled for returns to be amended if an error was detected. Despite the fact that the GST Act has been in effect for three years, those who are registered under it continue …