No Further Extension for filing ACTIVE Compliant Form: MCA
The Ministry of Corporate Affairs ( MCA ) has said that there would be no further extension of last date for filing the ACTIVE Compliant form. “Please note that last date for filing ACTIVE(INC-22A) expires
E-ACTIVE Form available in Website for filing with late Fee: MCA
The Ministry of Corporate Affairs ( MCA ) has informed that the facility to file E-ACTIVE form with late fee is available in the official website. Last week, the Ministry had temporarily suspended the facility
Companies incorporated before 31st Dec 2017 need to file ACTIVE Compliant Form: MCA [Read Notification]
The Ministry of Corporate Affairs ( MCA ) has further amended the Companies (Incorporation) Rules, 2014 wherein the Ministry has notified the new e-form Active for activation of the company. It is in the light
E-ACTIVE temporarily stopped for Tagging Non-Compliant Companies: MCA
The Ministry of Corporate Affairs ( MCA ) has informed that the facility to file the E-ACTIVE forms have been temporarily stopped to complete tagging of non-compliant companies and Directors. However, the same shall be
MCA extends Due Date for Filing ACTIVE Compliant Form [Read Notification]
The Ministry of Corporate Affairs ( MCA ) has extended the last date for filing the ACTIVE Compliant form. Recently, the Ministry had issued Companies (Incorporation) Amendment Rules, 2019 and Companies (Registration offices and Fees)
CBDT Grants Income Tax Exemption to Madhya Pradesh Professional Examination Board u/s 10(46) [Read Notification]
The Central Board of Direct Taxes (CBDT) vide notification no. S.O. 42(E) dated 2nd January 2024 has granted the income tax exemption to Madhya Pradesh Professional Examination Board, Bhopal under Section 10(46) of Income Tax
Bellary Urban Development Authority Exempted from Income Tax u/s 10(46): Notifies CBDT [Read Order]
In accordance with notification number S.O. 40(E) dated January 2, 2024, the Central Board of Direct Taxes (CBDT) has granted an Income Tax exemption to the Bellary Urban Development Authority under Section 10(46) of the
Hostel and Transport Activities of Education Trust are not ‘Commercial’ in Nature: ITAT [Read Order]
While allowing the appeal filed by Society for Educational Excellence, Delhi bench of Income Tax Appellate Tribunal ( ITAT ) recently ruled that hostel and transport activities of Education Trust are not commercial in nature.
ICAI releases Technical Guide on Accounting for Expenditure on CSR Activities
The CSR Committee of the Institute of Chartered Accountants of India ( ICAI ) has released the Technical Guide on Accounting for Expenditure on Corporate Social Responsibility Activities on 1st July 2020, which has also
CBDT notifies Income Tax Exemption to Chhattisgarh Rajya Beej Pramanikaran Sanstha [Read Notification]
The Central Board of direct Taxes (CBDT), vide notification no.S.O. 5044(E)  issued on 24th November 2023 has notified the Income Tax exemption to the Chhattisgarh Rajya Beej Pramanikaran Sanstha under Section 10(46) of the Income
Nayara Energy entitled to Cenvat Credit in respect of all the services related to manufacturing activity, overall business activity: CESTAT [Read Order]
The Customs, Excise, Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench ruled that Nayara Energy is entitled to Cenvat Credit in respect of all the services related to manufacturing activity, overall business activity. The issue involved
Face Disciplinary Actions for unscrupulous filing of ACTIVE Forms: ICSI to Members
The Institute of Company Secretaries of India ( ICSI ) has warned the Company Secretaries against unscrupulous INC 22A filing activities and clarified that any such activities would result in disciplinary actions. As per Rule
Govt. proposes Tax Incentive for Promoting Post-Harvest Activities of Agriculture
In order to encourage professionalism in post-harvest value addition in agriculture, the Union Finance Minister Arun Jaitley proposed to allow hundred per cent deduction to companies registered as Farmer Producer Companies and having annual turnover
No ITC available for CSR Activities excluded from Normal Course of Business: AAR [Read Order]
The Gujarat Authority of Advance Ruling (AAR) ruled that no Input Tax Credit (ITC)  available for CSR activities was excluded from normal course of business. The applicant, M/s. Adama India private limited, supplies insecticides, fungicides
ICAI issues Advisory on filing of E-Active Form with MCA
The Institute of Chartered Accountants of India ( ICAI ) has issued an advisory regarding the filing of E-Active Form with the Ministry of Corporate Affairs (MCA). Last week, the Ministry of Corporate Affairs had