Income Tax Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal reliefs 20 Sep 2019 The Government has brought in the Taxation Laws (Amendment) Ordinance 2019 to make certain amendments in the Income-tax Act 1961 and the Finance (No. 2) Act 2019. The salient features…
Uncategorized UDIN BEING MADE MANDATORY IN 2nd PHASE FOR GST & TAX AUDIT REPORTS 15 Mar 2019 You may be aware that Unique Document Identification Number (UDIN) has been made mandatory as per the Council decision taken at its 379th Meeting held on 17th – 18th December,…
MCA Zero Incorporation fee in Spice for Authorised Capital upto INR 15 Lakhs 10 Mar 201910 Mar 2019 As per Amendment to Companies (Incorporation) Rules dt. 06-03-2019, now incorporation (SPICe form) fees will be zero if the Authorised Share Capital is upto INR 15 Lakhs w.e.f 18-03-2019. Earlier,…
MCA MCA Update – Filing of onetime return in e form DPT 3 26 Feb 20191 May 2019 The Ministry of Corporate Affairs has inserted Rule 16A in Companies (Acceptance of Deposit) Rules, 2014 with regard to this every company not being a government company has to file…
MCA MCA update – Filing of eform INC-22A – ACTIVE (Active Company Tagging Identities and Verification) 25 Feb 201925 Feb 2019 As part of updating its registry, the Ministry if Corporate Affairs has notified the provisions of Rule 25A of Companies (Incorporation) Rules, 2014 on 21st February, 2019 with regard to…
GST Recommendations of the 33rd GST Council meeting – Reduction in GST rates for real estate 25 Feb 2019 Posted On: 24 FEB 2019 5:51PM by PIB Delhi Real estate sector is one of the largest contributors to the national GDP and provides employment opportunity to large numbers of…
Income Tax Aadhaar-PAN linking is mandatory now which has to be completed till 31.3.2019 by the PAN holders requiring filing of Income Tax Return. 18 Feb 2019 Constitutional validity of Aadhaar has been upheld by the Hon'ble Supreme Court of India in September 2018. Consequently, in terms of Section 139AA of Income Tax Act., 1961 and order…
Income Tax CBDT identifies non – filers through Non – filers Monitoring System(NMS) by using Data Analytics 24 Jan 2019 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 22nd January, 2019 CBDT identifies non-filers through Non-filers Monitoring System(NMS) by using…
Income Tax CBDT releases Explanatory Notes to provisions of the Finance Act, 2018 28 Dec 201828 Dec 2018 The Central Board of Direct Taxes (CBDT) has released the explanatory notes to the provisions of the Finance Act, 2018. These explanatory notes describe the substance of the provisions/amendments made…
Uncategorized ICAI defers Mandatory use of UDIN to 1st Feb 2019 28 Dec 201828 Dec 2018 ANNOUNCEMENT UDIN - A way to authenticate document As you are aware that to secure the certificates/documents attested/certified by practicing Chartered Accountants and for tracing forged/wrong documents prepared by any…
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