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  • Handbook on E-Way Bill Under GST


    E-waybill under GST is a document containing details or/and instructions relating to the shipment of a consignment of goods. The details include name of consignor, consignee, the point of origin of the consignment, its destination and distance to be travelled. Electronic Way Bill is a compliance wherein by way of a digital interface, the person causing the movement of goods uploads the relevant

  • Guide on GSTR-4

    What is GSTR-4 Annual Return?

    Taxpayers Registered under composition scheme is required to file GSTR-4 Annual Return with effect from 1st April, 2019, on annual basis, for each financial year. Despite of filing Quarterly return under composition scheme taxpayer now require to file GST-4 only at once, Annual basis. Under this return taxpayer is required to file the details of its business regarding summary of outward supplies, Inward

  • Job Prospects for CA- Comparison CA Vs MBA

    Below The article describes best career advice for CA and its comparison to MBA Students.

    The training for CAs is a highly elaborate procedure. Aspiring chartered accountants should pass the intermediate exam within ten years of the commencement of their practical training. During the training period candidates would be required to work in different areas learning the basics of auditing and taxation. This enables them to learn the

  • All About ROC Compliance Calendar For FY 2021-22

    Companies and LLPs in India are required to comply with annual filings under the Companies Act, 2013 and the Limited Liability Partnership Act, 2008. The filings with the ROC should be made once a year or on the occurrence of specified events.

    ROC Compliance

  • Discussion on What Is Pre-Pack Insolvency Or Bankruptcy?

    The Insolvency and Bankruptcy Code, 2016, has boosted the industry in terms of either reviving the company in question or faster liquidation of the same without letting them deteriorate. Essentially it has brought down the timeline for recovery/ resolution from decades to a few years at the most. However, at the same time, the process under the IBC requires both

  • Handbook on Companies Fresh Start Scheme 2020-21

    The entire economy of the nation is stagnant due to the current lockdown announced by the ruling in order to protect people from the COVID-19 pandemic. All the government authorized regulatory bodies are doing their best in providing relief to the individuals residing in India. One such organization is the Ministry of Corporate Affairs (MCA) that has come up with a

  • Deemed Income Under Income Tax Act

    Deemed Income means Income which is actually not earned or received by Asseessee but Income Tax Act consider such as Income deemed to be received in India.


    Deemed Income on basis of Certain Past allowances of Deduction but Received Subsequently

    As per sec 59 of Income Tax Act where assessee had claimed any Deduction or allowance in any previous years but in current financial year Asseessee Received any amount of

  • Eligibility, Functions, Enrollment and Filing of Returns- GST Practitioner

    The Goods and Services Tax law provides for appointment of GST tax practitioners (tax return preparer) to file GST returns on behalf of taxpayers. The taxpayer can authorize any tax practitioner approved by Government to perform GST filing activities on behalf of the taxpayer.

    In this article, we will discuss the functions of tax practitioner, eligibility criteria, registration procedure, authorization of tax

  • Handbook on How to Register with MCA to become eligible for getting CSR funding

    MCA has published a message on its website to inform that Form CSR-1 is available for filing as eForm on its website and advised stakeholders may to take note of it and plan accordingly.


    All About The Insolvency And Bankruptcy Code, 2016 - Key Highlights

    At present, there are multiple overlapping laws and adjudicating forums dealing with financial failure and insolvency of companies and individuals in India. The current legal and institutional framework does not aid lenders in effective and timely recovery or

  • Sahaj & Sugam - Simple Returns Under GST

    Small Taxpayers
    The quarterly GST return filing option would be available for small taxpayers. Small taxpayers have been defined as a person having GST registration and who had a turnover of upto Rs.5 crores in the last financial year. The option to file quarterly or monthly GST return would be given to the taxpayer at the beginning of the year. During the course of the year at the beginning of a quarter, the

  • Full Guide on MGT-7

    What Is Form MGT 7?
    MGT-7 is an electronic form provided by the Ministry of Corporate affairs to all the corporates in order to fill their annual return details. This e-form is maintained by the Registrar of Companies via electronic mode and on basis of the

  • GSTR 10 Due Dates, Format & Filing

    Form GSTR-8 is a monthly return form to be furnished by all e-commerce operators who are required to deduct TCS (Tax Collected at Source) under GST.Form GSTR-10 is a final return form to be furnished by all taxable persons whose GST registration is cancelled or surrendered.

    Here it is important to understand the difference between a final return and an annual return, basically the difference between GSTR-10

  • Guidelines for filing of form NDH-4 (Application for Declaration/ Updation of status of Nidhis)

    Notification: Ministry of corporate affairs had issued Notification dated 01st July 2019. These rules called as Nidhi (Amendment) Rules, 2019 and came into force with effect from 15 August, 2019.

    Applicable to- All Nidhi Companies.

    CFSS 2020 & LLP Modified Settlement Scheme 2020- Guide & FAQs

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    Company Fresh Start Scheme (CFSS), 2020 & Modified LLP Settlement Scheme, 2020

    In line with government initiative to ease of doing business & good

  • Form 20A – Declaration for the Commencement of Business- Guide & FAQs


    As per the Companies (Amendment) Ordinance 2018, there is a requirement for all the companies registered on or after 2 November 2018 to file a certificate of commencement of business. Form 20A is a declaration filed by the directors within 180


    Subject to the provisions of Companies Act 2013 and the conditions contained in its memorandum, if any, a Company may, by a Special Resolution, alter its articles including alterations having the effect of conversion of a Public Company into a Private Company. Any

  • Ind AS roadmap for banks, insurance companies and NBFCs

    In pursuance to the budget announcement by the Union Finance Minister, after consultation with the Reserve Bank of India (RBI), Insurance Regulatory and Development Authority (IRDA) and Pension Fund Regulatory and Development Authority (PFRDA), the Ministry of Corporate Affairs (MCA) issued a press release on 18 January 2016, announcing the Ind AS roadmap for scheduled commercial banks (excluding regional rural banks [RRBs]),

  • Article on Procedure for transferring unclaimed or unpaid dividend to IEPF & FAQs

    Procedure for transferring unclaimed or unpaid dividend to Investor Education and Protection Fund (IEPF) in brief

    Applicable Provision: Rule 5 of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 r/w Section 125 of

  • Step By Step- How to file revised TDS return

    Procedure for Filing Revised TDS Return
    If you find any mistake in filling of the eTDS or want to make any modifications like changing the name, address, challan serial no., BSR code, challan tender date, etc, you can correct your form in simple steps. However, before going through the steps, there is something you should know:

    Update deductor details such as Name, Address of Deductor.