Exemption to interest income on specified off-shore Rupee Denominated Bonds

  Income tax department through press release has proposed amendment in case of Sec 194LC to exempt interest payable by Indian company or business trust to a non-resident , including foreign company in respect on rupee denominated bond issued outside India during the period of 17th September 2018 to 31st March 2019  and consequently no tax shall […]

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E Form MR-2 (Application to CG for approval for Appointment/Reappointment and remuneration) has been temporarily withdrawn from MCA portal

Dear Reader, Consequent upon Amendment in Schedule V/Rules and commencement of Sections 66 to 70 of the Companies Amendment Act, 2017 (with effect from 12.09.2018), Form MR-2 has been temporarily withdrawn from MCA portal so as to make it applicable only for appointment or reappointment of Managerial Personnel. Revised Form MR-2 for seeking “approval of […]

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Last date for filing form DIR-3 KYC without fee has expired with effect from 15th Sep, 2018

Dear Reader,  The last date for filing form DIR-3 KYC without fee for all DIN holders (including Disqualified Directors) has expired on 15th September 2018.  After 15th September, 2018, MCA-21 system will mark all approved DINs (allotted on or before 31st March, 2018) against which DIR-3 KYC form has not been filed as ‘Deactivated’ with a reason […]

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GST Update | E-way bill clarifications

Governmet has issued circular No.64/38/2018 wherein relief is provided to taxpayers in case of following mistakes/ errors are found in e-way bills in the movement of goods In case of the above situations, penalty to the tune of Rs.1000/- should be imposed

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