MCA NOTIFIES COMPANIES (INCORPORATION) THIRD AMENDMENT RULE, 2022 The Ministry of Corporate Affairs (MCA), on 18th August 2022, notified Companies (Incorporation) Third Amendment Rules,
FORM 3CD: APPLICABILITY OF CLAUSE 44 The ‘Tax Audit’ limit under Section 44AB is Rs 5 crore (the threshold limit is Rs 10 crore where
RECENT AMENDMENTS OF GOODS TRANSPORT AGENCY (GTA)UNDER GST As per Notification No. 11/2017-Central Tax (Rate) dated 28th June, 2017, “goods transport agency” or GTA means
SECTION 115BAB: TAX ON INCOME OF CERTAIN NEW DOMESTIC MANUFACTURING COMPANIES The government has introduced a favourable tax regime for new manufacturing companies. The Taxation
ASSOCIATION OF PERSON (AOP) UNDER INCOME TAX ACT An Association of Persons (AOP) or a Body of Individuals (BOI), whether incorporated is treated as a
SECTION 194R: TDS ON BENEFITS OR PERQUISITE The government has recently introduced the section 194R. In the Finance Act 2022, a new TDS section 194R,
ANALYSIS OF UAE CORPORATE TAX The Government of UAE announced on 31st January 2022 that UAE would be promulgating legislation for levying federal Corporate Tax
COMPLIANCE CALENDAR FOR THE MONTH OF AUGUST 2022 Compliances under Income Tax: Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for
CBDT REDUCES TIME LIMIT FOR VERIFYING INCOME TAX RETURN What is ITR-V? ITR-V stands for ‘Income Tax Return – Verification’ form. Income Tax Department
ANALYSIS OF ITR-U RETURN FILING AND ITS IMPORTANCE During Budget 2022, Nirmala Sitharaman announced that taxpayers may now file Updated Income Tax returns (ITR-U). The
