Definition As per section 8 of the Companies Act, 2013, such companies are defined as the companies whose objectives are to promote the fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection or other related… Read More
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GST on Rent
According to the GST act, renting of immovable property will be treated as supply of service under GST. However, in GST regime certain types of rent will attract GST. In this article, we look at types of rent that attract… Read More
TDS on Rent Section 194I
Persons required to deducted Tax – Any person who is responsible for paying rent to a resident in excess of Rs. 1,80,000/- for a particular financial year is required to deduct tax under this section. Tax is to be deducted… Read More
All about Dir-11 and Dir-12
All about Dir-11 and Dir-12 As per Sections 7(1) (c), 168 & 170 (2) of the Companies Act, 2013, in case of appointment, resignation or change in designation of a director Form Dir-12 is required to be filed by the… Read More
SIMPLIFIED RETURNS UNDER GST
In an effort to simplify the filing process and increase tax compliance under GST, the GST Council has approved a new return filing process. This filing process is expected to come into effect from 1st April, 2019. Here’s what you… Read More
ANNUAL RETURN UNDER GOODS AND SERVICE TAX ACT, GSTR-9
Annual Return under GST 1. What is Annual Return GSTR-9 The GST department has mandated form GSTR-9 Annual Return under GST regime to be filed annual by all registered taxpayers who are registered under Goods and Service Tax act including… Read More
Benefits of 12AA and 80G in an NGO
The various benefits of section 12AA Registration are enumerated as below: The income applied for charitable or religious purpose will be considered as application of income i.e. expenditure incurred for charitable and religious purpose will be allowed while… Read More
Compounding of Offences under Companies Act, 2013
Section 441 of Companies Act, 2013 deals with compounding of offences, in this article we will discuss the provisions for compounding of offences under Companies Act, 2013: Firstly we will discuss the term offence The term offence has been defined… Read More
Latest Penal Provisions for non filing of Annual Return and Financial Statement with Registrar of Companies
There are various privileges that has been provided to a company upon its registration, but a company registered under Companies Act, 2013 has certain obligation also, which has to be complied with within the time stipulated under the Act,… Read More
Concept of Producer Company in India
In order to provide a complete view on the process of registration of a Producer Company in India, we will today discuss all the statutory requirements and provisions related to registration of a producer company in India. According to Company… Read More