TAXAJ Knowledge Base

Equalization Levy in Case of Import

Over the last decade, Information Technology has gone through an exponential expansion phase in India and globally. This has led to an increase in the supply and procurement of digital services.

11 Jul 2020 13:56:32 - Comment(s)

Signs Your Business Model Needs To Change

By TAXAJ

Even businesses that succeed wildly in the past may fail quickly if money stops coming in even for a few months or when the consumer expectations change.

11 Jul 2020 13:54:08 - Comment(s)

How to Generate CA- UDIN

By TAXAJ

The attestation of a Chartered Accountant on a certificate or any such document is of immense value since it usually signifies that the Chartered Accountant, in his professional opinion, has ensured that there is no misrepresentation by the entity issuing/submitting such a document.

11 Jul 2020 13:53:47 - Comment(s)

Section 197 : Reduction of TDS

By TAXAJ

To reduce the hardships faced by the taxpayers, the govt has inserted Section 197 which states that in case the total tax liability at the end of the person whose TDS is being deducted is less than the amount of TDS that is being deducted, he may file an application........

06 Jul 2020 13:35:28 - Comment(s)

File DPT-3 for your Company now, to stay Compliant

By TAXAJ

DPT 3 is a return of deposits that companies must file to furnish information about deposits and/or outstanding receipt of loan or money other than deposits. Every company needs to file annual form DPT-3 (Return of Deposits) which is due on or before 30th June 2020.

18 Jun 2020 13:23:52 - Comment(s)

Mandatory Linking of Pan with Aadhar by 30th June 2020

By TAXAJ

Link PAN card with Aadhaar card right now if you haven't already done so. June 30, 2020 is the new deadline to link your Aadhaar card and PAN card. As per a directive from the Income Tax Department, it is mandatory to connect your Permanent Account Number (PAN) with Aadhaar card.

17 Jun 2020 10:51:45 - Comment(s)

GST Council Meeting Highlights

By TAXAJ

There will be no late fee for those who have no tax liability and have not filed returns between July 2017 and January 2020, the government announced today while easing compliance rules for Goods and Services Tax (GST) compliance.

13 Jun 2020 11:49:41 - Comment(s)

TDS ERROR CODES for Online Support

By TAXAJ

In this post, we will be discussing the errors faced by the taxpayers while filing TDS returns. We have provided description for these errors so that you can go back and correct your file accordingly.

13 Jun 2020 10:56:39 - Comment(s)

File GSTR-3B via SMS - Facility by GSTIN

By TAXAJ

Government rolls out facility of filing of Nil GST return 3B through SMS

09 Jun 2020 17:20:24 - Comment(s)

Sonu Sood Signed by PepsiCo

By TAXAJ

Beverage maker PepsiCo signed actor and Bollywood man-of-the-moment Sonu Sood for a one-off Instagram campaign that centres around contactless greetings and encourages people to adhere to physical-distancing norms.

03 Jun 2020 21:48:13 - Comment(s)

Authorized Capital vs Paid-up Capital

By TAXAJ

The authorized capital of a corporation is the maximum sum of share capital for which shares could be issued by a corporation. The initial authorized capital of the corporation is stated in the Memorandum of Association of the Company under the heading of “Capital Clause”.

03 Jun 2020 19:13:22 - Comment(s)

The New MCA SPICe+ Form for Company

By TAXAJ

Keeping in view the ease of doing business, new form SPICe+ is notified for the incorporation of a company and incidental registrations. The form SPICe+ replaces the existing SPICe form.

03 Jun 2020 13:10:12 - Comment(s)

Income tax return forms for FY 2020-21 notified

By TAXAJ

Taxpayers including individuals, Hindu undivided family, professionals and businesses, will be able to avail benefits of savings or investments made between April 1 and June 30, following the extension timelines provided by the finance ministry owing to COVID-19 pandemic.

01 Jun 2020 19:43:16 - Comment(s)

How to Get Solvency Certificate from CA?

By TAXAJ

Solvency certificate is a document which provides information about the financial stability of an individual/entity. This certificate is required by the government and commercial offices to be sure about the financial position of individuals/entities

27 May 2020 10:59:22 - Comment(s)

Two Long Awaited Options enabled by GST.

By TAXAJ

Registration under section 25 (2) covered where two separate registration can be obtained in single state due to different business vertical.

26 May 2020 20:43:32 - Comment(s)

Digilocker - Your Legal Online Wallet for Documents

By TAXAJ

E-copies of your driving license and vehicle registration certificates kept in DigiLocker are now treated as valid documents. If you break a traffic rule, there is no need of physical seizure of such documents.

25 May 2020 23:58:03 - Comment(s)

How to Apply MSME -SME Loan ?

By TAXAJ

How to apply for MSME loan online? Here is a step-by-step guide on how to apply for MSME online. Find out the documents required and what is the new MSME policy

25 May 2020 1:47:08 - Comment(s)

Companies Auditor Report Order (CARO) 2020

By TAXAJ

CARO 2020 is a new format for issue of audit reports in case of statutory audits of companies under Companies Act, 2013. CARO 2020 has included additional reporting requirements after consultations with the National Financial Reporting Authority (NFRA).

24 May 2020 13:28:33 - Comment(s)

Depreciation Rate as per Income Tax Act

By TAXAJ

Depreciation under the Income Tax Act is a deduction allowed for the decline in the real value of a tangible or intangible asset used by a taxpayer. The Income Tax Department uses the concept of depreciation for the purpose of writing off the cost of an asset over its useful life.

24 May 2020 10:41:17 - Comment(s)

Depreciation Calculator for Companies Act 2013

By TAXAJ

Depreciation as per companies act 2013 for Financial year 2014-15 and thereafter. These provisions are applicable from 01.04.2014 vide notification dated 27.03.2014 Depreciation is calculated by considering useful life of asset, cost and residual value.

24 May 2020 10:37:10 - Comment(s)

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TAXAJ Knowledge Base

Equalization Levy in Case of Import

Signs Your Business Model Needs To Change

How to Generate CA- UDIN

Section 197 : Reduction of TDS

File DPT-3 for your Company now, to stay Compliant

Mandatory Linking of Pan with Aadhar by 30th June 2020

GST Council Meeting Highlights

TDS ERROR CODES for Online Support

File GSTR-3B via SMS - Facility by GSTIN

Sonu Sood Signed by PepsiCo

Authorized Capital vs Paid-up Capital

The New MCA SPICe+ Form for Company

Income tax return forms for FY 2020-21 notified

How to Get Solvency Certificate from CA?

Two Long Awaited Options enabled by GST.

Digilocker - Your Legal Online Wallet for Documents

How to Apply MSME -SME Loan ?

Companies Auditor Report Order (CARO) 2020

Depreciation Rate as per Income Tax Act

Depreciation Calculator for Companies Act 2013

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