Category Archives: Uncategorized

Effect of not filing of ITR by Due Date

Followings are disadvantages of not filing the ITR on or before due dtae: 1. Interest will be charged on tax amount payable on the due date of filing. 2. Loss under any head of income will not be allowed for … Continue reading

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Change in additional fee for delays in filing Forms of ROC

General Circular No: 4/2010 No.  2/7/2010-CL.V Government of India Ministry of Corporate Affairs 5th floor, `A’ Wing, Shastri Bhavan, Dr. Rajendra Prasad Road, New Delhi-110 001. Dated the 22nd November, 2010 To All Regional Directors All Registrars of Companies Subject:- … Continue reading

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FAQs RELATING TO WORK RELATED VISAS ISSUED BY INDIA

Basically there are two (2) types of work related Visas, namely:- 1. Business Visa designated as ‘B’ Visa 2. Employment Visa designated as ‘E’ Visa Frequently asked questions with regard to the above issues and replies thereto are outlined below … Continue reading

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TIME LIMIT FOR FILING ITR-V EXTENDED TO 60 DAYS

The Central Board of Direct Taxes had, vide circular No.3/2009 dated 21.05.2009, allowed assessees who file their income tax returns inelectronic form without digital signatureto submit their verified ITR-V form, within a period of 30 days, thereafter. The ITR-V form … Continue reading

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What is the latest policy for Investment in India?

What is the latest policy for Investment in India?  A detail study on subject is in the attached file. Article on FDI

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Service tax on renting of immovable property

In a recent landmark judgment, in Home Solution Retail India Ltd. & Others vs. UOI & Others, the Delhi High Court has pronounced its judgment with regard to several writ petitions which had challenged the applicability of the levy of … Continue reading

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E- form 23AC can be filled in without getting SRN of form 23B

The Ministry of Corporate Affairs (Ministry) has revised e-form 23AC effective from 28th September 2008 wherein filling in SRN of 23B was made compulsory. In many a cases, it was reported by our members that SRN of form 23B was … Continue reading

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Is it necessary to register the Sole Proprietorship firm in India?

No. No registration is required for a sole proprietorship. You simply have to open a bank account with the name & style you want to work. But if you are liable for state VAT or service tax registration, then you … Continue reading

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Stamp duty payment to be made online

Entrepreneurs will soon be able to incorporate a company in India sitting anywhere in the world without having to face red tape. The government is all set to introduce a centralised electronic stamp duty payment and online vetting of charter … Continue reading

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