Circular-1: Maximum Gap between two Board Meetings under section 173 of the Companies Act, 2013.
MCA has extended a gap between the two board meetings by 60 days for the first two quarters of Financial Year...
Are you an applicant registered under Section 12A and 80G or Section 12AA? (i.e Trust/Societies/Hospitals, etc.). Then you need to obtain fresh registration in the prescribed format under Sec 10(23C) of the Act by...
Have you received any income tax notice so far? Are you the lucky one? or the unlucky one! If yes, next 5 minutes is worth investing your time. A notice issued on you does...
Penalty on Concealment of particulars of income or furnishing inaccurate particulars of income has always been a matter of litigation between the department and the assessee.
The scope of such provisions was always a subject...
What is VC?
VC stands for ‘Video Conferencing’. Using the VC facility, an assessee is enabled to express or submit one’s response orally before an Income Tax Authority who has initiated the proceeding and expect the response...
What is Virtual CFO?
Virtual CFO (or vCFO for short) stands for virtual Chief financial officer. A virtual CFO is an outsourced service provider offering high skill assistance in financial requirements of an organization, just like a chief financial...
The Central Board for Direct Taxes (CBDT) vide Notification No. 3 of 2021 dated January 12, 2021, has notified the “Faceless Penalty Scheme” for conducting penalty proceedings under the Income-tax Act, 1961 (Act) in...
The new section – Section 115BAA has been inserted in the Income Tax Act,1961 to give the benefit of a reduced corporate tax rate for domestic companies.
Section 115BAA states that domestic companies have the...