MCA releases certain Amendment Rules – MCA
MCA has released the following amendment rules which are as under: Companies (Accounts) Amendment Rules, 2018 In exercise of the powers conferred by section 134...
Category : Law
Lok Sabha passes Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018
The Bill provides significant relief to home buyers by recognizing their status as financial creditors. The voting threshold for key decision has been proposed to...
Penalty or Additional Fee for delay in Filing ROC Forms.
Penalty or Additional Fee for delay in Filing ROC Forms. Background: In Northern region comprising Punjab, Chandigarh and Himachal Pradesh, around 51% of the active...
Mandatory KYC for all the Directors by MCA – New E-form DIR-3 KYC to be notified
As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC to be notified...
Analysis of Defective returns u/s. 139(9)
In the recent times, a lot of notices u/s. 139(9) have been issued to the assessee regarding the defects being detected in the furnished returns...
There is no bar in filing revised return of income during the assessment proceedings u/s 143(3) of the Act – ITAT Mumbai
Held : There is no bar that an assesse cannot file a revised return of income after issuance of notice u/s 143(2) of the Income...
Interest-free Loan from employer taxable as Perquisite: ITAT Mumbai
Held: The value of the interest free loan is taxable in the hands of the employee as perquisite as per section 17(iii)(c) of the Income...
Notification under FCRA specifying the Officers for compounding the offences
MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 5th June, 2018 S.O. 2291(E).—In exercise of the powers conferred by sub-section (1) of Section 41 of...