Start-up Funding likely to get attractive: Parliamentary panel Suggests Abolishing LTCG Tax on Start-up Investments
The Standing Committee on Finance chaired by BJP leader Jayant Sinha has “strongly recommended” to the Centre to abolish tax on Long Term Capital Gains (LTCG) for all investments in startups. In a report submitted
Interactive Brokers hiring Tax Analyst
Interactive Brokers are hiring tax analyst. Chartered Accountant with 1-2 years of experience in accounting or Graduate with 4-5 years of experience in taxation from the financial service industry is required. Interactive Brokers a subsidiary
ITAT commences Interactive Sessions during Lockdown Period
With an aim to productively use the Income Tax Appellate Tribunal (ITAT), has started a series of Video Conferences involving regular interactive sessions. In a communication, the ITAT President P.P Bhatt has said that such
MCA allows filing of DIR-12 by ‘ACTIVE non-compliant’ company in Some Cases [Read Notification]
The Ministry of Corporate Affairs ( MCA ) has allowed filing of DIR-12 by ‘ACTIVE non-compliant’ company in some cases. The MCA has notified the Companies (Incorporation) Eighth Amendment Rules, 2019 wherein Rule 25 A
ICAI initiates Proactive Steps on Financial Irregularities in PMC Bank
Recently, various Media reports were reported about major financial irregularities and failure of internal control systems leading to the downfall of PMC Bank. Considering the enormity of the matter, the Institute of Chartered Accountants of
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
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
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
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
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)
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
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
Expenses Incurred to keep the Status of Company Active is Eligible for Deduction: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal recently proclaimed that expenses incurred in order to keep the status of company activities are eligible for deduction. The Tribunal bench comprising of Judicial Member H.S. Sidhu
IBC Mechanism Being Used Actively to Resolve NPA Problem, asserts Economic Survey
The Union Minister for Finance and Corporate Affairs, Arun Jaitley tabled the Economic Survey 2017-18 in Parliament today. The survey reviews the Monetary Management and Financial Intermediation. Here are the highlights:-  • Monetary policy remained
CA Association writes to Govt. inclusion of CAs to Priority Group to enable early Vaccination
The Karnataka State Chartered Accountants Association (KSCAA) writes to the government requesting the inclusion of CA to the Priority Group to enable early vaccination. The KSCAA wrote that as there is a shortage in the