This article specifies the probable reasons of resubmission received in case of filing form Fillip (along with linked forms) for the conversion of Private Company into LLP.
Discontinuing a segment/ department/ branch and its accounting impact under Ind AS
CBIC asked the tax officers to collect tax on the Gross Tax Liability. Post this the taxpayers raised concerns that the interest should be calculated on the net tax liability as proposed in the Union Budget by the FM by way of amendment in Section 50 of the CGST Act, however, the CBIC clarified that the effect of such amendment will be prospective.
Free allotment of Instant PAN Through Aadhaar Based e-KYC
Direct Tax Proposals form a backbone of Union Budget. This year also, several key changes have been brought to the statute book of Income Tax. These changes are meant to constant refinement and fine tuning of the law relating to Income Tax which is still the foremost source of revenue for the Government.
Effects of notice issued under section 153A of the Income Tax Act 1961
Revival of Companies u/s 252 of Companies Act, 2013
GST audit will apply every year for those GST registered business having turnover more than 2 Cr. Every taxable person whose turnover during the financial year exceed prescribed limit( 2 Cr).
In October, 2018, the Ministry of Corporate Affairs notified Division III to Schedule III to the Companies Act, 2013 which contained the format of Financial Sta..
After adopting the Insolvency and Bankruptcy Code, 2016 (IBC), India overhauled the insolvency and bankruptcy law. The IBC is a landmark statute and a transformation through India's insolvency regime.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English