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siteadmin
All about Form DIR-3 KYC: e-Form Filing, Format, Due date and requirements for Directors under Companies Act 2013
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…
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siteadmin
What You Need to Know about the New GSTN Validation Criteria for Tax amount in Sales Invoices?
GSTN introduced new validation criteria for calculating Tax amount of the product line items in sales invoices and other GSTR-1 documents. According to this new validation format provided by the Goods & Services Tax Network (GSTN), you will have to calculate the tax amount of every line item to be rounded up to two digits only. New…
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siteadmin
File last year’s Tax Returns before the due date 31st March 2018
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…
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siteadmin
CBDT Notification – Rules amended to restrict depreciation rate at 40 per cent
Generally, depreciation is an allowance which is available for persons/entities having income from business or profession. As per the CBDT Notification No. 103/2016, the highest rate of depreciation allowable as per income tax has been restricted to 40% for all assets, which were eligible for depreciation at a rate higher than 40%. The amendment is applicable…
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siteadmin
Important Highlights of the New E-Way Bill Rules
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…
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