Various Compliance Calendar in India S. No. Compliance Area Frequency No. of Compliances Corporate Secretarial and FEMA Compliances 1. Annual General Meeting (AGM) Yearly 1 2. Board Meetings Quarterly 4 3. ROC Filing-Financial Statements Yearly 1 4. Company Annual Return with ROC Yearly 1 5.
Table of Contents Suggestions to Rationalise Current Direct Tax Structure1 Allow Filling ITR After 31-March of AY2 REDUCTION IN % OF Minimum Maintenance of NET PROFIT in SECTION 44ADA for Professionals3 Rationalise 44AE – Reduce Presumptive Rate4 Tax Rates In Case of Firms5 PARTNERSHIP FIRM –
CBDT rejected all pleas for date extension Amidst the huge demand to extend the due dates for income tax filings, CBDT ejected it. In their tweet, they have also clarified the reason for not extending the due dates. There were many writs in various courts
Table of Contents Case Covered:Facts of the Case:Observations:The Decision of the Court:Read & Download the Full Decision in pdf: Case Covered: Dhruv Krishan Maggu Versus Union of India & Ors. Facts of the Case: While the CM No. 32276/2020 has been filed by the Petitioner
Table of Contents Case Covered:Facts of the Case:Observations:The Decision of the Court:Read & Download the Full Decision in pdf: Case Covered: AJE India Private Limited Versus Union of India Facts of the Case: By filing this petition under Article 226 of the Constitution of India,
Table of Contents Case Covered:Facts of the Case:Observations:The Decision of the Court:Read & Download the full Decision in pdf: Case Covered: Proex Fashion Private Limited Versus Government of India Facts of the Case: By way of the present petition, the petitioner seeks to challenge a
India’s Response To S 301 Report of U.S. On Equalisation Levy The U.S. administration had announced the initiation of an investigation under section 301 of the U.S. Trade Act, 1974 against the taxation on digital services adopted or under consideration by countries, including the Equalisation
Table of Contents Case Covered:Facts of the Case:Observations of the Court:The Decision of the Court:Read & Download the full Decision in pdf: Case Covered: The All Gujrat Federation of Tax Consultants Versus Union of India Facts of the Case: By this writ application under Article 226 of the Constitution of India, the writ applicants have prayed for the following relief: “The petitioners, therefore, prays that this Hon’ble Court is pleased to
Table of Contents Handbook For Tax Consultants/Taxpayers-Nov. 2020: IT Deptt.Chapter 1 Overview of Centralized Processing CenterChapter 2 Customer ServiceRead & Download the full Copy in pdf: Handbook For Tax Consultants/Taxpayers-Nov. 2020: IT Deptt. Chapter 1 Overview of Centralized Processing Center 1.1. Central Board of Direct Taxes (CBDT) has
CBIC Introduces “Flagship Liberalised Authorised Economic Operator Package” For MSMEs Recognizing their critical contribution in supporting the economy especially during the present difficult times of the COVID-19 pandemic, the Central Board of Indirect Taxes & Customs (CBIC) has taken a new initiative to introduce its
