FM Press conference on COVID-19 and relief measures
...
read moreCAR COVID-19 with MCA
MCA has introduced a new form w.e.f. 23rd March, 2020. The web form named CAR (Company Affirmation of Readiness towards COVID-19) should be filed by an authorised signatory of Companies and LLPs with the MCA Following entities have to file this form: Company LLP...
read moreUpdate status/ declaration as Nidhi Company in Form NDH-4.
In order to make regulatory regime for Nidhi Companies more effective and also to accomplish the objectives of transparency & investor friendliness in corporate environment of the country, the Central Government has recently amended the provisions related to NIDHI...
read moreCAR (Company Affirmation of Readiness towards COVID-19)
All companies and LLPs are required to file web based form for readiness towards COVID-19 on 23.03.2020. The web form named CAR (Company Affirmation of Readiness towards COVID-19) should be filed by an authorised signatory of Companies and LLPs. CAR-2020 would be a...
read moreDate extension for compliance with SEBI
A. Extension of timeline for filings: The timelines for certain filings as required under the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are extended, as follows: Sl no. Regulation and associated filing...
read moreDate extended to approve annual financial statement in Board Meeting
Board meetings under the Companies Act, 2013: Considering the need to take precautionary steps to overcome the outbreak of the coronavirus (Covid-19), the Government has in-principle decided to relax the requirement of holding Board meetings with physical presence of...
read moreDebit note and Credit note under GST
Introduction There comes a time when humans error in making an entry or a transaction. These cases often lead to variation and a further reconciliation is required between the interacting parties to make correct, such variation. Such an erroneous situation leads to...
read moreValue of lottery for GST
In the Central Goods and Services Tax Rules, 2017, with effect from the 1st March, 2020, in rule 31A, for sub-rule (2), the following sub-rule shall be substituted for ascertaining face value of lottery:, namely:- “(2) The value of supply of lottery shall be deemed...
read more194IB – TDS on rent by individuals and HUF
Listen to the audio episode on spotify or other platforms Points to be remembered by the Tenant of the Property while deducting TDS on rent: All individuals or HUFs (except those liable to audit under clause a and b of section 44AB) paying monthly rent to a resident...
read moreNewsletter for February 2020 by Accountingbuzz
Content for newsletter DOWNLOAD SAMPLE NEWSLETTER Sub-sections (11) and (12) of Section 230 have been notified on 03.02.2020 Sub-sections (11) and (12) of section 230 pertaining to Power to Compromise or Make Arrangements with Creditors and Members (11) Any...
read moreMissed filing LLP forms – Settle in LLP Settlement Scheme 2020
One-time condonation of delay in filing statutorily required documents with the Registrar under the LLP Settlement Scheme 2020. This scheme shall come into force on the 16th March, 2020 and shall remain in force up to 13th June, 2020 "DEFAULTING LLP" means a LLP...
read more
GST new return forms – RET-1,2,3
Listen to our podcast Do I have to select the GST new return applicable? Periodicity of filing return will be deemed to be monthly for all taxpayers unless quarterly filing of the return is opted for. Profile Updation Intimation of option for return periodicity and...
read moreDue Date Compliance Calendar for March 2020
Key due dates for Compliance for the month of March 2020 02nd March 2020 194 IA, 94 IB, 194 IM TDS challan cum return for January 2020 07th March 2020 TDS Payment TCS Payment 10th March 2020 GSTR 8 GSTR 7 11th March 2020 GSTR 1 13th March 2020 GST return for ISD 15th...
read moreHey and welcome to another episode of Tax yatra where we discuss about various aspects of taxation at the time of purchase or sell of house property. There can be 2 scenerios 1. Purchase from resident seller 2. Purchase from non-resident seller. Key points of...
read moreAdvisory on Opting-in Composition Scheme for 2020-21 by filing FORM GST CMP-02
A. How to opt-in Composition Scheme: The application for opting-in composition scheme for the financial year, 2020-21 has been made available on GST Portal. The taxpayers who are already in composition scheme in previous financial year are not required to opt in for...
read moreAccounting and Billing Software Providers can enrol with GSTN to receive regular updates on e-invoice
E-Invoice Updated Concept, Schema and FAQs The GST Council has approved the proposal to introduce electronic-invoice (hereinafter called as E-invoice) on voluntary basis in its 37th meeting of 20 September 2019. Accordingly, steps have been taken to introduce...
read moreRule 23A Nidhi Rules 2014 (NDH-4)
FORM NDH-4 Form for filing application for declaration as Nidhi Company and for updation of status by Nidhis. The due date for filing of NDH-4 are as follows:- Particular Due date For every new Nidhi Company – Due date for filing of Form NDH-4 by the Nidhi...
read moreFiling of forms ln the Registry MCA-21 by the Insolvency Professional (Interim Resolution Professional (IRP| or Resolution Professional(RP) or Liquidator) appointed under Insolvency Bankruptcy Code, 2016 (IBC, 2016).
Several requests have been received in the Ministry with respect to filing of documents in the MCA-21 registry where an Insolvency Professional (lnterim Resolution Professional (lRP) or Resolution Professional (RP) or Liquidator) has been appointed under IBC, 2016 in...
read moreVivad se Vishwas Bill 2020
The Vivad se Vishwas scheme was announced by Union Finance Minister Nirmala Sitharaman during her budget speech on February 1, 2020. Listen to our podcast for quick understanding of the Vivad se Vishwas Scheme Brief about the bill What? Under this scheme, taxpayers...
read moreGST interest on gross liability or net basis
There are some discussions in social media w.r.t. GST interest calculation on delayed GST payments post a few media reports regarding Rs. 46000 Cr interest on the delayed GST payments to be collected by tax authorities. On this issue of interest calculation, it is...
read moreHeadquarter
2203, Crimson Tower,
Lokhandwala Complex,
Mumbai 400 101 - India.
Contacts
India : +918655707805
Bahrain : +973 3210 4916, +973 3210 1737