File photo of a company list showing the Mossack Fonseca law firm on a sign at the Arango Orillac Building in Panama City

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...

Foreign direct investment jumps 77.5% to $5.15 billion in September

November 12, 2016

With the government relaxing FDI policy and taking steps to improve ease of doing business,...

FDI flow in to India grows by 35% in last 17 months

December 31, 2015

Foreign direct investment into India has grown by 35 per cent in the last 17...

Govt wants early warning system on shell companies

September 30, 2017

The ministry of corporate affairs (MCA) says work has begun for an “early warning system”...

IMF knowledge sharing center to come up in India

March 11, 2016

In a first for Asia, the International Monetary Fund (IMF) will set up a knowledge-sharing...

CBDT extends the timeline for filing Income Tax Returns and various Tax Audit Reports for Asst Year 2021-22

January 11, 2022

The Central Board of Direct Taxes, via Circular No. 01/2022 issued on 11th January 2021,...

SEBI warns investors against barred entities

June 8, 2016

The Securities and Exchange Board of India (Sebi) on Monday warned unlisted companies and their...