June 24, 2018

Transfer of shares and securities in a Private Limited Company

A Private Company may restrict the transfer of its shares by members through the provisions of its Articles of Association. Therefore when a shareholder of a […]
May 24, 2018

Furnishing of Form 61A – Statement of Financial Transaction (Annual Information Return/AIR) – by 31st May

Furnishing of statement of financial transaction – Form 61A 114E. (1) The statement of financial transaction required to be furnished under sub-section (1) of section 285BA of […]
May 21, 2018

Lower TDS rates for Non Residents

Non residents are eligible to claim, when DTAA provisions are applicable, the lower of Income tax of DTAA rates, whichever is beneficial to them. However, provisions […]
January 24, 2018

Important changes The Companies (Amendment) Act, 2017

The Companies (Amendment) Act, 2017 (“Act, 2017”) received President’s assent on January 03, 2018. Some of the major changes are : The definition of small companies […]
May 31, 2017

Aadhaar and PAN Linking : It is mandatory ?

The Finance Act 2017 inserted a new section 139AA which required every person who is eligible to obtain Aadhar shall quote Aadhar number while applying for […]
May 29, 2017

Last chance to enroll with PF : 30th June 2017

The Employees Provident Fund Organization had started an enrollment campaign in January 2017. The campaign was till 31.03.2017 to encourage unregistered organization to enroll employees. The […]
May 29, 2017

Government order to pay wages only through Bank Account

“The Government of Kerala on 9th May 2017 has notified industries and establishments where the employer has to pay the wages only by cheque or credit […]
May 25, 2017

Tax Audit Assessee : Transactions to be reported by 31st May

The Income tax department has been recently considering various non intrusive measures to collect data on black money. The income tax department has been collecting data […]
May 24, 2017

Job Work under GST

The definition of supply under Central GST Act includes “transfer” of goods, therefore sending goods for Job Work will be covered under the definition of supply […]
May 11, 2017

CBDT Notifies Form 10-IB to opt for lower rate of tax by Companies

The Finance Act 2016 had inserted a new provision for domestic companies to pay tax @ 25% by inserting Section 115BA. Tax on income of certain […]