Introduction Companies Act, 2013 was enacted on 29th August 2013 with the intent to implement a stringent provision to curb malpractices and to remove the flaws of the Companies Act, 1956. The new Act also focused to provide ease of business and to bring greater transparency in the conduct of business.  However, the new Act [...]

Introduction Every Person who draws any income from any source is required to give a little amount of it to the government authority for the welfare and interest of India. The Government collects this sum and uses it in the best interest of the people of society via constructing Schools, Hospital, Roads, providing Subsidy Scheme, [...]

Two stories to begin with: Nokia refused Android Yahoo refused Google Story Over! Lessons Learnt: Take risks. Embrace changes. If you refuse to change with time, you might perish. Ok two More stories: Facebook takes over WhatsApp and Instagram. Flipkart takes over Myntra and flipkart owned Myntra takes over jabong. Story Over! Lessons learnt: Become [...]

Introduction Ministry of Corporate Affairs had come up with a revolutionary idea to restructure the DIN database through an amendment in Companies Act 2013. MCA vide Amendment in Companies (Appointment and Qualification of Directors) Rules, 2014 dated 05 July 2018 seek all directors to update their basic information through Form DIR3 KYC,the great amendment in [...]

Introduction July month of every year is the year when everybody is busy filing his Income Tax Return (ITR) before the due date i.e. 31 July 2018. From the month of June, all the salaried person starts approaching their Account and HR Department for their Form 16, which would help them to file their Income [...]

Introduction July month of every year is the high time, being the last month, of filling of Income Tax Return. The IT Return filed after 31st July 2018 would attract a penalty which may be extended up to Rs. 10,000/-. It is pertinent to note that even with the late penalty Income Tax Return can [...]

INTRODUCTION A private Limited Company is the most common form of business, since by nature it is a separate legal entity. Entrepreneur prefers to incorporate a Company as it is a form of business which is separate from its promoters. Further, with the intention to promote digital India programme and less departmental communication, the government [...]

Last night, the most awaited update from Central Board of Direct Taxes (CBDT) has come wherein the date of linking of PAN with the Aadhar Card has been extended upto 31 March 2019. This is the 5th time when the government has extended this date for individuals to link their Permanent Account Number to their [...]