When a charitable trust loses or surrenders registration, merges with a non-charitable entity, or fails to transfer assets on dissolution, an exit tax applies on its accreted income. What triggers it, how the charge is computed, and who is liable to pay it.
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).
The additional NPS deduction over and above the Section 80C limit: who can claim it, how it interacts with the employer contribution, the Tier I requirement, and why the regime you are in decides whether it is worth anything.
A company secretary is a statutory requirement for some companies and a practical necessity for others. The paid-up capital thresholds, the annual secretarial compliance certificate, what the role actually covers, and what happens when nobody holds it.
Paying advance tax, self-assessment tax and TDS through the e-Pay Tax service on the income tax portal: the payment modes available, how to pick the right minor head, and how to correct a challan paid under the wrong head.
Schedule II works on useful life rather than prescribed rates. How to derive the rate from the useful life, the difference between the straight line and written down value methods, residual value, and why the Companies Act figure will not match your income tax figure.
Corporate Social Responsibility (CSR) is an immense term which is used to explain the efforts of a company in order to improve society in any other way.
The amended Nidhi Rules tightened entry into the sector: prior declaration in Form NDH-4, minimum members and net owned funds, and restrictions on what a Nidhi may do. What a promoter needs to plan for.
When TDS must be deposited each month, the special rule for March, the quarterly statement deadlines, when certificates must be issued, and what late deposit and late filing actually cost.
Registering a Class 3 DSC against your PAN on the income tax e-filing portal: the prerequisites, the emsigner utility, the step-by-step process, and the PAN-mismatch error that causes most failures.