Introduction to MSME MSME – Micro, Small, and Medium Enterprises. To allow businesses to restart their operations during this pandemic situation, the Government of India has revised the criteria for businesses to obtain their MSME registration without restricting them to either be classified as manufacturing or service sector. Major benefits of MSME registration are: According … Continue reading Get MSME Registration Certificate for your business and Avail Loans!
The Central Government, vide notification dated 21st February 2019 has notified the Companies (Incorporation) Amendment Rules, 2019. According to the new rules, every company registered before 31St December 2017, are required to fill an E-form “ACTIVE” or “INC-22A” on or before 15th June 2019. Form INC – 22A | Due Date Extension The due date of furnishing Form … Continue reading [Due Date Extended] Form Inc 22-A
GST Return Filing Due Dates – Extended The Central Board of Indirect Taxes & Customs (“CBIC”) has issued a Press Release dated August 21, 2018, which extends the due dates for filing of the following GST returns by registered taxpayers in the following areas as per appended table, due to severe floods in Kerala, Mahe … Continue reading [Relief to Taxpayers] New GST Return filing due-dates for flood-affected areas
Director identification number (DIN) is a unique identification number that is allotted to every Director under the Companies Act 2013. Filing an application in eForm DIR-3 was sufficient to obtain DIN. This was a one-time process for any person who wants to be a director in one or more companies. However, the Ministry of Corporate Affairs … Continue reading All about Form DIR-3 KYC: e-Form Filing, Format, Due date and requirements for Directors under Companies Act 2013
Income Tax department has given the deadline as March 31st, 2018 for filing the income tax returns for the period FY 2015-16 and FY 2016-17. It is recommended that you start with the process immediately and file your tax returns much much before the last date to avoid last minute issues. Finish your Tax Returns … Continue reading File last year’s Tax Returns before the due date 31st March 2018
Some of the salient features of the new E-Way Bill are as under: (1) Every registered person who causes movement of goods of consignment value exceeding 50,000/- shall, before the commencement of such movement, furnish information relating to the said goods in Part-A of FORM GST EWB-01, electronically, on the common portal and a unique … Continue reading Important Highlights of the New E-Way Bill Rules
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(UNI) If the aggregate amount paid/credited or likely to be paid or credited to a contractor or sub-contractor exceeds Rs 75,000 during a financial year, tax should be deducted at source under section 194c of Income tax Act, a top Income Tax official said. Addressing a seminar on Revised provisions on TDS here K Satyanarayana, … Continue reading TDS applicable if amount paid exceeds Rs 75,000
First time individual homebuyers can get tax deduction on interest of home loan, under newly inserted section 80EE of the Income Tax Act, applicable for assessment year 2014-15. This is in addition to tax rebate on interest payment of home loan, under section 24. Eligibility for 80EE rebate This rebate on home loan interest is … Continue reading Brief on Tax deduction on Interest of Home Loan Under Section 80EE, w.e.f. 1-4-2014
Permanent Account Number (PAN) is a unique identification value for the reason keeping track records of Income Tax Data by Income Tax Department. It is given by the Indian Income Tax Department under the supervision of the Central Board for Direct Taxes (CBDT) and is almost equal to a national identification number like voter ID … Continue reading How to apply for PAN Card