MCA provides relaxation in additional fees for delay in filing Form 11 by LLP up to 30th June 2022 Form 11 is an Annual return that is to be filled by all LLPs irrespective of turnover during the year. Even when an LLP does not carry out any operations or business during the financial year, […]
LATE FEES WAIVED OFF FOR DELAY IN FILING GSTR-4 TILL 30TH JUNE 2022 What is GSTR-4? The GSTR- 4 form is an annual return form for those taxpayers who have opted GST Composition scheme in the new indirect tax regime. Under the GST composition scheme, taxpayers will be required to file only one return
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RENEWAL OR NEW REGISTRATION PROCESS FOR TRUST, SOCIETIES In Union Budget 2020, Finance Ministry had proposed major amendments for granting exemptions u/s 12AA, 12AB and donation u/s 80G to trust, society or other institutions. Same were postponed due to COVID and other reasons. However on 26.03.2021, Ministry of Finance has notified rules for the implementation
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CONSEQUENCES OF NOT LINKING AADHAR WITH PAN Aadhaar, also known as a Unique Identity number, is a 12-digit number issued by the Unique Identification Authority of India (UIDAI). PAN is a 10-digit alphanumeric number allotted by the Income Tax (I-T) department. Instances had come to the notice of the I-T Department that multiple PANs have
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BENEFITS OF STARTUP INDIA REGISTRATION The government under the leadership of PM Narendra Modi has started and promoted Startup India. Startup India initiative intends to build a strong ecosystem that is conducive for the growth of startups. It aims to empower startups to achieve growth through innovation and technology. To promote growth and help Indian
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EVERYTHING ABOUT EMPLOYEE STOCK OPTION PLAN (ESOP) Employee stock option plan (ESOP) or Equity incentive plan is the scheme used by the companies to give ownership interest to its employees. ESOP is regulated by Section 62(1) (b) of the Companies Act, 2013 and SEBI (ESOS and ESPS) Guidelines, 1999.The latest amendments in the guidelines were
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DUE DATES FOR FILING LLP FORMS FOR THE F.Y 2021-22 What is LLP Annual Filing? It is important for every LLP (Limited Liability Partnership) to prepare and submit its Annual ROC Forms with the Registrar of Companies. Every Year, an LLP is required to file two ROC Forms namely: 1. Form LLP 11: Form
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PAN, AADHAR IS NOW MANDATORY FOR CASH TRANSACTIONS ABOVE RS.20 LAKH The CBDT vide Notification No. 53/2022-Income Tax Dated: 10th May, 2022 notified a new set of rules to amend the existing Income-tax Rules, 1962 which shall come into force after the expiry of 15 days from the date of its publication in the Official
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CBDT NOTIFIES JSON SCHEME FOR FORM ITR-7 What is the ITR-7 Form? ITR-7 is filed when persons including companies fall under section 139(4A) or section 139 (4B) or section 139 (4C) or section 139 4(D). Who is eligible to file the ITR-7 Form? Return under section 139(4A) is required to be filed by every person
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A DETAILED ANALYSIS ON PROVIDENT FUND (PF) AND EMPLOYEE STATE INSURANCE(ESI) Employees Provident Fund and Employees State Insurance are two social security scheme availably to the working class in India. These are the central government schemes, comes under the jurisdiction of The Ministry of Labour and Employment. Both the schemes introduced with the objective to
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