TC

MCA Amends Strike-off of Rules

Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022 Ministry of Corporate Affairs (MCA) vide circular / notification dated 09th June, 2022 has issued “Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022” further to amend the Companies (Removal of Names of Companies from the …

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GST PORTAL UPDATE

Latest GST News, Information, Notifications & Announcements [Period 23/05/22 to 29/05/22]

GST WEEKLY UPDATE :9/2022-23 (29.05.2022) CBIC waives GSTR-4 Late Fee: The CBIC has waived the late fee for GSTR-4 till 30th June 2022. GSTR-4 is a GST Return that has to be filed by a composition dealer. A dealer opting for the composition scheme is required to furnish only 1 return which is GSTR 4 once …

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INCOME TAX RAID in Bengaluru

Income tax: 5 cash transactions that can attract INCOME TAX notice

Income tax: 5 cash transactions that can attract INCOME TAX notice This is in reference to the update regarding Income tax: 5 cash transactions that can attract I-T notice. The same is for your information purpose. One needs to remain alert while doing any kind of high value cash transaction because the Income Tax Department has become …

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LATEST GST NEWS AND UPDATES

Webinar on Smart Search HSN- An Enhanced search HSN functionality for taxpayers.

The Search HSN Code functionality has been enhanced, where taxpayers can search the HSN code and the applicable Technical description through common parlance / trade description of the goods/ services as they are known in the Trade. It helps the taxpayers to search HSN Code by providing description/ part of a description. For creating awareness …

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SEBI fines NSE, Ramakrishna, Narayan in top appointment case

Capital markets regulator SEBI has imposed fines on NSE and its former managing directors and chief executive officers Chitra Ramakrishna and Ravi Narayan and others. The penalty has been imposed for breach of securities contract rules in the appointment of Anand Subramanian as Group Operating Officer and Advisor to the Managing Director (MD). The Securities …

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Corporate Compliance Calendar February, 2022 (Due Dates Trac

ABOUT ARTICLE: This article contains various Compliance requirements for the Monthof February, 2022 under various Statutory Laws. Compliance means “adhering to rules and regulations.” Compliance is acontinuous process of following laws, policies, and regulations, rules tomeet all the necessary governance requirements without any failure. If you think compliance is expensive, try non‐ compliance” Compliance Requirement …

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PPF Vs NPS: Which scheme is beneficial for higher returns, know before investing

If you want to invest for retirement, then these two schemes of the government can give you better returns. Let us tell you that in order to make a good retirement corpus, it is necessary that we should start retirement planning as soon as we start the job. Two government schemes Public Provident Fund (PPF) …

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Governor’s Statement:

As I make this statement, the pandemic holds the global economy hostageonce again. Despite signs of moderation, record numbers of daily infections inseveral countries and consequent containment measures are denting thepace ofeconomic activity, especially in contact-intensive sectors, even as supply disruptions persist and restrained workforce participation tightens thelabour markets. With inflation at multi-decadal highs in …

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ICAI Launching Online Refresher Course – ‘Deep Dive into Revenue Standard – Ind AS 115’

Launching Online Refresher Course – ‘Deep Dive into Revenue Standard – Ind AS 115’ Organized by the Ind AS Implementation Committee of ICAI The Ind AS Implementation Committee of ICAI is pleased to announce the launch of online refresher course – ‘Deep Dive into Revenue Standard – Ind AS 115’. For registration, kindly visit the …

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Big Blow To Vijay Mallya From British Court

Big Blow To Vijay Mallya From British Court

Vijay Mallya, a fugitive businessman from the country, has got a big setback from the British court. Vijay Mallya will now have to vacate the luxurious London Mansion house along with his family. The British Court has rejected Mallya’s plea. After the dismissal of the petition, Vijay Mallya is left with no other option but …

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C-CORP INCORPORATION AND ITS CHECKLIST PROCEDURE IN UNITED STATES OF AMERICA

  CHECKLIST FOR THE INCORPORATION OF C-CORP IN USA:- 1-Why US C-CORP? United States Corporation (US C CORP) Has Got 1st Priority Around The World. Any person residing outside the United States and willing to make a company in the United States can make it any form of Sole Proprietorship, Partnership, Corporation and Limited Liability …

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Order to close all private offices of Delhi, only emergency offices will open

Order to close all private offices of Delhi, only emergency offices will open

Due to the increasing threat of Corona, orders have been given to close all private offices in Delhi. Now only private offices related to emergency services will open in Delhi. Everyone else will have to work from home. The positivity rate of corona in Delhi has increased to 25 percent. That’s why the Delhi government …

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Story Behind The Words "CA Se Dur Raho"

Story Behind The Words “CA Se Dur Raho”

Co-Founder of Lenskart.com Peyush Bansal made a comment in his talk show Shark Tank India that “CA se dur raho”. After these words used by him for CAs, the CA fraternity has started mentioning him at social media handles. CA Neetu Jain posted at LinkedIn that “Peyush Bansal you owe an apology to CA fraternity …

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Statutory Tax Compliance Tracker – for January, 2022

Corporate Compliance Calendar for January, 2022

1. Compliance requirement under Income Tax act, 1961   Sl.   Compliance Particulars   Due Dates   1 Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month. 07.01.2022 2. Due date for deposit of TDS for the period October 2021 to December 2021 when Assessing Officer has permitted quarterly deposit …

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Frequent Changes in Aadhaar Card Can Be Costly. Know How

Frequent Changes in Aadhaar Card Can Be Costly. Know How

Aadhar card is the identity of common man. Aadhar card is a 12 digit unique number given by the Unique Identification Authority of India (UIDAI). This is the proof of your ID and address across the country. Aadhar card is used for almost every important work. Aadhar card can be made not only for the …

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Health Insurance Premium Will Be Expensive in The New Year

Health Insurance Premium Will Be Expensive in The New Year

In the new year 2022, private hospitals are preparing to increase the treatment and package charges by up to 10 percent, which will also affect your health insurance premium. The increase in hospital charges will have more impact in the group insurance premium that is renewed every year and insurance companies will increase the group …

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HDFC Bank Alert: These Rules Related To Card Will Change On 1st January 2022

HDFC Bank Alert: These Rules Related To Card Will Change On 1st January 2022

HDFC Bank has issued an alert for its customers. If you are also a HDFC Bank customer, then there is an important update for you. Giving information to the customers, the bank said, ‘The description of your HDFC Bank card entered on the merchant website/ app will be deleted. RBI had given orders regarding this, …

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Alert: You May Loss Your Personal Data And Money By Clicking On This Fake Message

Alert: You May Loss Your Personal Data And Money By Clicking On This Fake Message

Fake Message Alert: Social media is a very good tool of information for us, but we should be very careful in its use. One wrong decision of yours leads you to big loss. Do not blindly believe all the information available on social media. Nowadays one such message is becoming viral on social media, in …

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Govt giving free recharge for 3-month on record Covid vaccination?

Central government’s fact check team has cautioned people against a fake WhatsApp claim which says that citizens will get free three months mobile recharge as India achieves record-breaking Covid-19 vaccination. The viral message also includes an online link to get the free recharge of three months. The government has clarified that the post is fake.  …

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Fact Check: Order Claiming Educational Institutions Will Be Closed in Rajasthan is Fake

Fact Check: Order Claiming Educational Institutions Will Be Closed in Rajasthan is Fake

An order of Rajasthan Government is circulating in social media which is claiming that due to spreading of COVID-19 virus, Rajasthan Government has directed all educational institutions to close their educational activities from 6th December 2021 till further order. But Rajasthan’s news agency 1st India News has claimed that education department itself is in confusion …

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RBI imposes Monetary Penalty on two Payment System Operators

The Reserve Bank of India (RBI) has imposed monetary penalty on the following authorised Payment System Operators (PSOs) for committing offences of the nature referred to in Section 26(6) of the Payment and Settlement Systems Act, 2007 (PSS Act). Sr. No. Name of the PSO Speaking Order dated Amount of Penalty(₹ lakh) 1 Tata Communications …

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VENTURE CAPITAL: A FINANCE DRIVER FOR START UP IN INDIA

Venture Capital is a Sort of Private Equity or a Form of Financing that is Provided by firms to emerging firms that are deemed to have high growth potential and esteemed growth for the future. Venture capitalists normally focuses on the new companies with limited business operations that are too small to raise and issue their …

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President Ram Nath Kovind distributed the Sports Awards. details here

Players honored with Major Dhyan Chand Khel Ratna Award Neeraj Chopra Ravi Dahiya Lovlina Borgohain Sreejesh PR Avni Lekhara Sumit Antil Pramod Bhagat Manish Narwal Mithali Raj Sunil Chhetri Manpreet SinghApart from these, badminton star Krishna Nagar has also received the Khel Ratna Award. Dronacharya Award 2021 TP Osif Sarkar Sword Ashan Kumar Dr. Tapan …

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Tax Concept’s Representation Seeking Extension Of Due Dates For Filing GSTR-1/ IFF For The Month Of October 2021 Due To Festivals Like Dhanteras, Deepawali And Chhath Puja

Ref.: TC/GST/21-22/1 Date: 09.11.2021 To, The Central Board of Indirect Taxes and Customs, North Block, New Delhi- 110001 Sub.: Request for extension of due dates for filing GSTR-1/ IFF for the month of October 2021 due to festivals like Dhanteras, Deepawali and Chhath Puja. Respected Madam/ Sir, Tax Concept is a well known platform formed …

Tax Concept’s Representation Seeking Extension Of Due Dates For Filing GSTR-1/ IFF For The Month Of October 2021 Due To Festivals Like Dhanteras, Deepawali And Chhath Puja Read More »

CBDT notifies e-settlement scheme for taxpayers, 2021- Overview

The Board of Direct Taxes (Income Tax Department) vide Notification No. 129/2021/ F.No. 370142/52/2021-TPL (Part IV) dated 01.11.2021, in exercise of its power under section 245D (11) & 245D (12) of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) has issued a Scheme may be called the e-Settlement Scheme, 2021 to settle pending …

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