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MCA amends strike-off rules – Mandatory filing of overdue Financial Statements, before striking-off of companies

May 10, 2023

The Ministry of Corporate Affairs (MCA) has notified an amendment to the Companies (Removal of...

CBDT reduces time limit for e-verification of ITR from 120 days to 30 days.

August 2, 2022

For the Financial Year ended March 31, 2022 (Asst Year 2022-23), even as 5.82 crore...

Launch of new Income Tax Return Filing Portal 2.0: What’s New

June 8, 2021

The tax department has launched the much-awaited new portal of filing income tax return (ITR)...

Income Tax department to reject tax audit reports filed without ICAI authentication

November 26, 2020

The income tax department will validate with the Institute of Chartered Accountants of India (ICAI)...

New Compliances for the Charitable Trust & Institutions

August 10, 2020

Very Important update for Charitable Trusts and Exempt Institution registered under section 80G, 12A or...

CBDT Defers Requirement of Registration of Charitable, Religious Trusts by 4 Months Till October 1

May 8, 2020

In a relief to religious trusts, educational institutions and other charitable institutions, the income tax...

TDS on salary and New Income Tax rates: Highlights

April 20, 2020

The Central Board of Direct Tax (CBDT) recently came out with a circular, offering clarifications...

Key features of SPICe+ for Incorporation of New Companies in India

February 18, 2020

As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of...

ITR Form for AY 2020-21: new disclosures that taxpayers need to make in new ITR forms

January 9, 2020

More disclosures are aimed at improving income tax compliances & e-assessments. In AY 2018-19, 58.7...

What to do if you haven’t got tax refund yet

October 21, 2019

Are you wondering why you have not received your income tax refund yet despite having...

All companies to file a one-time return of all outstanding receipts of money or loans from April 1, 2014, to March 31st, 2019

June 28, 2019

With a spate of corporate irregularities coming to the fore, the Centre has decided to...

DIR-3-DIN eKYC annual filing deadline extended to 30th June of next financial year

May 2, 2019

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 30th April, 2019 MCA has...

File income tax return (ITR) even if your income is not taxable

October 2, 2016

Many people think it an avoidable headache to file income tax returns, when their income...

Valuation of Business under DCF Method

October 2, 2015

Valuation of Business under DCF Method Valuation of enterprise is a complex assessment of the...

Intangible MNC assets may be taxed in case of a global merger and acquisition

May 28, 2016

A recent clarification by the government has created a stir among some multinationals which are...

MCA notifies (Winding Up) Rules, 2020: Shutting business now easier for small firms

January 29, 2020

The Ministry of Corporate Affairs (MCA) on Tuesday notified rules for winding up of companies,...

Union Budget 2017: Economic Survey says reforms to power India potential growth

February 1, 2017

India’s economy could grow at 6.5-6.75% in the current financial year and might not gather...

RBI releases Long Form Audit Report (LFAR)

September 6, 2020

The Reserve Bank on Saturday came up with revised long format audit report (LFAR) norms...

MCA scanner on banks lending to deregistered companies

October 31, 2017

The corporate affairs ministry is likely to ask the department of financial services to take...

Singapore to focus more on economic activities in India: Experts

November 20, 2015

Singapore will further strengthen its bilateral trade ties with India through the “strategic partnership” the...