CONTENT. What is society  Purpose of society Incorporation of society. Alteration of constitution and bylaws. Importance of society act WHAT IS SOCIETY? In common words society means a group of people which runs any business for the benefits of its members. As according to the societies act, “society” means- A society that is incorporated, amalgamated,…

In furtherance of its commitment to extend its support towards all its stakeholders, the Institute of Company Secretaries of India (ICSI) had represented before the Ministry of Corporate Affairs for extending the relaxations in compliances under the Companies Fresh Start Scheme, 2020 in the General Circular No. 12 / 2020, dated 30.03.2020 to charge related…

Content: Introduction Trust Company Work of a trust company Benefits of trust Advantages of trust Disadvantages of trust Tax requirement Introduction Before anyone imagines this as a trust that we have in our friends, God, parents and the loved ones, let me tell you that the one we are taking here lays its roots in…

Content: What is section 8 Company as per IT Act 2013 Features of Section 8 Company Privileges for Section 8 Company Minimum requirements for section 8 Company Exemption for Section 8 companies Income tax exemptions How to get registered under Section 8 company? Frequently asked questions What is section 8 Company as per IT Act…

Content Concession of late fee or interest One time extension in period for seeking revocation of cancellation of registration Further discussion on July GST council meeting  Goods and services Tax 40th council meeting held today under the chairmanship of Finance Minister Nirmala Sitharaman. This is the first meeting on goods and services tax held in…

As under section 192 of INCOME TAX ACT, 1961 the employer is liable to deduct tax at source at salary income if the total income exceeds the minimum amount liable to tax. But are you also aware to the consequences where the employer/ deductor default in deducting the TDS. Content: Deemed Assessee in Default Non…

New Update The Ministry of Corporate Affairs (MCA) allows the start-ups to issue sweat equity shares not exceeding 50% of its paid-up capital. Within 5 years of incorporation or registration. Now Start-ups can issue equity shares to their employees for up to 10 years from the date of their incorporation or registration. This will give…

Who do require filing NIL GSTR3B? Ans. Taxpayer eligible to file NIL Form GSTR-3B for a tax period if: Has NOT made any Outward Supply Do NOT have any reverse charge liability Do NOT intend to take any Input tax credit and Do NOT have any Liability for that particular or earlier Tax Periods. Can…

 Content: Introduction Conditions to be satisfy Person eligible for filling NIL Process Introduction On 8 June, 2020 the government brought one more ease of taxation in accordance with the declaration made in budget 2020 by introduction of the facility of filing the nil return through the SMS. This step can be useful  for 22 lakh…

Content What are capital assets? Assets not treated as Capital Assets Types of capital gain Short term capital gain Short term capital assets Tax Rate of Short Term Capital Gain u/s 111A Taxability provisions for short term capital gain Long term capital gain Long term capital assets Calculation for long term capital gain Cost inflation…

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