Companies Act
Issue of shares under Companies Act-2013 by Private Limited Companies
Issue of shares under the Companies Act’2013 by Private Limited Companies 1) Methods of issue of shares: A) Private Placement (Section…
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Income Tax
Finance Ministry hikes rate of Custom Duty on Vegetable Oils
The Central Government vide Notification No. 34/2014-Customs dated 24 th December 2014 has increased the customs duty on crude and refined vegetab…
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Tax Deducted at Source
CPC (TDS) communication: Significant change in processing of Quarterly TDS Statements
CPC (TDS) has issued a communication to deductors in which it has stated about a significant change in processing of Quarterly TDS Statements. The …
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Tax Deducted at Source
Impact & action to be taken in case of PANs either “Not Available” or “Invalid” in Quarterly TDS statements
Centralized Processing Cell (TDS) has observed from its records that though deductors have reported deductees with more than Rs. 50,000 of TDS in Q…
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Tax Deducted at Source
FAQs on Online Correction of TDS Return
Can BIN details be corrected through online correction? Yes, BIN details in the statement can be corrected through “Challan Correction” option un…
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Income Tax
How to file Income Tax Return & Tax Audit report as a legal heir
Ques: How is the income tax return of a deceased or dead person filed? Ans: The Income Tax return of a deceased person is filed on his/her behalf…
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Tax Deducted at Source
New Version of TDS FVU 4.5 & FVU 2.141) Whats New
On December 20, 2014, NSDL has released the new version of File Validation Utilities (FVU version 4.5 and FVU version 2.141) for quarterly eTDS/TCS…
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Sales Tax
Which Taxes Covered under CGST & SGST
Recently, The Union Cabinet approved on 17th December,2014 the proposal for introduction of a Bill in the Parliament for amending the Constitution …
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Tax Deducted at Source
How to use Digital Signature on TRACES (TDS)
The Centralized Processing Cell (TDS) has released a new feature on its web-portal TRACES , where a Digital Signature Certificate (DSC) can be …
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Tax Deducted at Source
CBDT circular on calculation of TDS on salary for FY 2014-15
CBDT has released Circular no. 17/2014 which contains the rates of deduction of income-tax from the payment of income chargeable under the head “S…
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Tax Deducted at Source
Online resolution of ‘Short Payment default’ on account of unmatched challans
TDSCPC has issued new instruction under which it has been directed to the the Tax deductors that if there are Short payment in a statement filed by…
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Income Tax
Deduction u/s 80GGA
Deduction in respect of certain donations for scientific research or rural development An assessee (other than an assessee whose gross total …
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Ministry of Corporate Affairs
Procedure for commencement of Business under Companies Act, 2013
Under Companies Act 2013, the date of incorporation of a company cannot be the date of commencement of business. From the point of commencement of …
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