INCOME TAX
Tax and Regulatory Services and their Compliance in India
RJA 17 Sep, 2020
Tax and Regulatory Services With the major shift in multinationals for investing and transacting in India, it is important to have a deep insight into tax and regulatory policies for multiplying growth and grabbing opportunities. The major tax consultants and advisors in India conduct tax and regulatory procedures for dealing ...
Outsourcing Services
Business Outsourcing Services in India
RJA 17 Sep, 2020
Business Outsourcing Services Business Outsourcing is a recent trend that is going rapidly with the expansion in the business sphere. In this, a company outsources the major initiatives to the other company to skillfully concentrate on achieving organization goals by focusing on important arenas for achieving the defined objective, reduce ...
OTHERS
Virtual Office Facility in India
RJA 17 Sep, 2020
Virtual Office Facility A virtual office is an ideal resort to the small and medium business owners which offers prestigious address and landline phone numbers without any requirement of dedicated office space. Professionals can enjoy the privilege of working from home and relish the reputation of a city address. It ...
Nidhi company
Annual filing Compliance of Nidhi Company in India
RJA 13 Sep, 2020
Overview of Nidhi Company and its compliance Nidhi Company is a mutual benefit company, which has the principal objects of borrowing and lending of money between its members. Being a Nidhi Company, it has to stay compliant always. The regulation relating to Nidhi Companies is specified in Section 406 of ...
NGO
DOCUMENTS REQUIRED FOR REGISTRATION U/S 12A; 80G; AND TRUST REGISTRATION
RJA 06 Sep, 2020
NGO REGISTRATION AND 80G/12AA REGISTRATION REQUIRED Rajput Jain & Associates are an organization providing consultancy services as well as u/s 12AA and 80G registration Compliance under Income tax. We confirm our willingness to undertake the below assignment. FOR TRUST REGISTRATION: BEFORE YOU REGISTER YOUR TRUST ...
Nidhi company
Key Overview before the Nidhi Company Incorporation
RJA 04 Sep, 2020
Complete Understanding of Nidhi Company Registration Overview Nidhi Company is a mutual benefit company, where members can borrow money from each other to fulfil their financial needs. Reserve bank of India has mandated that no company can carry on the finance business unless and until it is reserved with the ...
AUDIT
Indian Government and ICAI going to issue the FAIS (Forensic Accounting and Investigation Standards)
RJA 03 Sep, 2020
ICAI going to issue the FAIS (Forensic Accounting and Investigation Standards) ICAI is proposing to come up with a package of Forensic Accounting and Inquiry Standards (FAIS), said on Tuesday by President Atul Kumar Gupta. The new standards are expected to be ready by the end of December, ...
INCOME TAX
CBDT implements functionality for banks to verify the ITR filing status.
RJA 03 Sep, 2020
CBDT implements functionality for banks to verify the ITR filing status. Wednesday, the IT Dept said it introduced a service for financial institutions to verify the status of tax filings submitted by entities based on their PAN. On Wednesday, the IT Dept said it introduced a service for banks to ...
IBC
Use of Disclaimers, Limitations & Caveats by Registered Valuers in his Report :IBBI Guidelines
RJA 01 Sep, 2020
Use of Disclaimers, Limitations, and Caveats by the Registered Valuers in his Report: IBBI Issue Guidelines The IBBI released guidance called India's Insolvency and Bankruptcy Board Guidelines (Use of Caveats, Limitations, and Disclaimers in Valuation Reports), 2020. The guidance is issued pursuant to Rule 14(i) of the Companies Rules (Registered ...
Goods and Services Tax
Big Relief for SMEs Business in India:- annual revenue of up to Rs 40 lakhs is now exempt from GST
RJA 25 Aug, 2020
On 24 August 2020, the Union Ministry of Finance announced that companies with an annual turnover of up to Rs 40 lakh will now be excluded from GST. The Ministry added that those with up to Rs 1.5 crore turnover will apply for the Composition Scheme and pay just 1 percent tax. Now firms with ...
INCOME TAX
Key highlights of PM Modi's speech on Transparent Taxation: Seamless, painless, Faceless Assessment
RJA 13 Aug, 2020
Key highlights of PM Modi’s speech on Transparent Taxation: Seamless, painless, Faceless Assessment On 13 August PM Modi will launch the platform 'Transparent Taxation – Honoring the Honest', The upcoming platform would help CBDT's reform agenda to make the tax filing process clearer and simpler, the Ministry ...
SEBI
SEBI introduce a One-Time settlement scheme- Sebi Settlement Scheme 2020
RJA 10 Aug, 2020
SEBI INTRODUCE A ONE-TIME SETTLEMENT SCHEME- SEBI SETTLEMENT SCHEME 2020, SEBI issuse a One-time settlement New scheme - SEBI Settlement scheme 2020, vide Public Notice dated 27th July, 2020 called Settlement Scheme (“the Scheme”) in terms of Regulation 26 of SEBI (Settlement Proceedings) Regulations 2018. Most of the ...
Goods and Services Tax
GST compliance deadlines and Compliance Due date
RJA 01 Aug, 2020
GST compliance deadlines end 31st August 2020 Due to COVID 19 Situation and after Hon'ble FM Ms. Nirmala Sitharaman Ji "Corona is an act of God" and business loss now is the time to avoid late Fee, Interest, and Penalties. Deadlines are as under: ·Refund Application FY 2017-18: ...
ROC Compliance
ROC open new corporate help desk operational number
RJA 30 Jul, 2020
Corporate Affairs Ministry (ROC) Open New Operational Number of Corporate Helpdesk New Helpdesk Number has been made successful by Corporate Ministry Seva Kendra and CRC Helpdesk to answer stakeholder queries on Company Name Availability and Company Incorporation, accessible July 17, 2020 (8:00 a.m.) A new contact number for the CRC Helpdesk and ...
Goods and Services Tax
Basic Impact after implication of GST on the Personal Loan
RJA 28 Jul, 2020
Basic Impact after the implication of GST on the Personal Loan The impact of GST on personal loans has been remarkable reforms in the new tax regime under the One Nation, One Tax, One Market concept under GST. Basically, the aim of tax structure impacted every sector of the ...
OTHERS
Five reasons why you should use a Credit Card
RJA 26 Jul, 2020
Five reasons why you should use a Credit Card A credit card is a service that allows you to earn a credit of up to forty-five days from the bank without any interest. You will use a card to pay travel expenses for your regular grocery expenses. A credit card ...
OTHERS
ICAI claims that Institute ICWAI has not approved & unlawfully used the term ICAI
RJA 26 Jul, 2020
ICAI claims that Institute ICWAI has not approved & unlawfully used the term ICAI The trademark 'ICAI' is a registered trademark of the Indian Chartered Accountants Institute (ICAI) [Trade Mark No. 2121118] with the date of product 01.07.1949. Therefore, the Institute of Indian Chartered Accountants (ICAI), as its licensed owner/owner and ...
IBC
No Role of COC play as a claimant whose matters had to be determined by liquidator
RJA 11 Jul, 2020
IBC : Realisation & Distribution of Assets by Liquidator Liquidation under the IBC 2016 with special focus upon priority of claims : 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 ...
INCOME TAX
FAQ’s on Deduction under section 80C, 80CCC, 80CCD & 80D
RJA 08 Jul, 2020
FAQ’s on Deduction under section 80C, 80CCC, 80CCD & 80D Q.: Can taxpayers claim the deduction of 80C while submitting the return on income tax? Claims for 80C deductions are allowed before the end of the assessment year while filing the return on income. Q.: What ...
OTHERS
Business Set up Outside India - Resident Indian made Investments outside India/abroad:
RJA 24 Jun, 2020
Business Set up Outside India When a business flows globally it is bound to be successfully assisted by professionals. Relocating your existing business or setting up business outside India is more of a challenging task that requires proper financial planning, knowledge of marketing policies, tax incentives, and a few jurisdictions. ...
Form 15CA & 15CB Certificate
Amended guidelines for submissions of Form 15CA & Form 15CB Certification
RJA 24 Jun, 2020
Amended guidelines for submissions of Form 15CA & Form 15CB Certification Paying outside India needs some adherence. This one enforcement is to apply Form 15CA and Form 15CB, if applicable. The different situations in which you need to apply these forms have been mentioned in this post. 1. Here are all ...
GST Filling
GST Latest Notifications: Review of CBIC, GST Extension Notifications
RJA 24 Jun, 2020
GST Latest Notifications: Review of CBIC, GST Extension Notifications CBIC released various notifications for enforcing the recommendations of the 40th meeting of the GST Council as follows: CBIC notifications signed on 24.06.2020 concerning interest waiver and late fees. The CBIC issued several GST notices on 24 June 2020. There is a ...
GST Registration
Is GST registration necessary for a charitable-based pharmacy store operated by NGO?
RJA 22 Jun, 2020
Conditions for exempting a charitable trust from GST A charitable trust or non-profit organisation must satisfy specific criteria to be exempt from the Goods and Services Tax. The charitable trust or NGO must be registered under Section 12AA of the income tax Tax and the services it ...
GST Consultancy
Late fee Exemption for GST Return filing those are not been able to file GST Return.
RJA 19 Jun, 2020
Late fee Exemption for GST Return filing those are not been able to file GST Return. Great effect on tax revenues due to lock-out of coronavirus A relief of late interest and fees will be given to small taxpayers with a minimum turnover of up to 5 crores if they ...
