CAclubindia Articles

Amendment to the definition of small company and benefits

Affluence Advisory 19 September 2022 at 08:46

The Ministry of Corporate Affairs has notified an amendment in the Companies (Specification of Definitions Details) Rules, 2014 that come into force from 15th September, 2022. The Amendment has been introduced to provide ease of doing business and to reduce the burden of compliance from a large number of companies as the definition has been widened to cover more companies.

Inquiry made u/s 142 or 142A of income tax act

Taxblock 17 September 2022 at 07:06

Section 142 and 142A of the Income-tax Act deal with giving notice to the assessee to submit returns, produce accounts, documents, etc.

How to Pay Stamp Duty Online - SHCIL

CS Rajnish Pandey 17 September 2022 at 07:06

Step-by step guide on how to pay Stamp Duty Online

Financial Statements For Non-Corporate Entities

Poojitha Raam Vinay 16 September 2022 at 14:21

Financial Statements provide the information about financial position, performance, and cash flows of an enterprise this helps in various decisions for the users. The Financial Statements are like the Performance Card of the entities.

Obligation to indicate Director Identification Number (DIN)

Affluence Advisory 16 September 2022 at 14:06

Section 158 of Companies Act, 2013 states that every person or company, while filing any return, information or particulars as are required to be furnished under this Act, shall mention the Director Identification Number ("DIN") in such return, information or particulars in case such return, information or particulars relate to the director or contain any reference of any director.

Procedure/Guidelines for filing/revising TRAN-1/TRAN-2

Kusum Gandhi 16 September 2022 at 08:59

The article contains the procedure/guideline for filing/revising TRAN-1/TRAN-2 in terms of order of Hon'ble Supreme Court in the case of Union of India vs. Filco Trade Centre Pvt. Ltd. Vide Circular 180/12/2022 Dated 9th September 2022.

Notices u/s 142(1) of Income Tax Act

Taxblock 16 September 2022 at 08:59

Notices are issued by the income tax department under the various provisions of the Income Tax Act to the assesses with the purpose to assure greater tax compliances. The notices are covered under section 142 of the income tax act.

All About Promissory Note

Neethi V. Kannanth 15 September 2022 at 14:25

A promissory note is a legal and financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified date in the future.

Revised Form DPT-3 for exempted deposits

Shashikant Sharma 15 September 2022 at 14:17

The revised part of Form DPT-3 mainly deals with Deposit accepted from Public. One significant change in respect of exempted deposits has also been made in the Form.