In this article we will discuss when and how to file notice for situation of company’s registered office at the time of incorporation or after its incorporation. Provisions related to situation of company’s registered office are specified in Section 12 of Companies Act, 2013. As per section 12 of Companies act 2013, a company shall, on and from the 15th day of its … [Read more...] about When and how to file notice for situation of company’s registered office – e-Form INC22
Donation to political parties can be claimed as tax deduction
Donation to a political party can be done by an Indian citizen or Indian company. A non resident can also contribute if he or she has a valid passport. These individuals and Indian companies can claim tax deduction on their donations if conditions related there to have been satisfied. We have two sections related to tax deduction on donation to political parties. Section … [Read more...] about Donation to political parties can be claimed as tax deduction
Why political parties are not paying tax in India
Political parties like BJP, Congress, DMK, AIDMK, AAP, SP and BSP are tax exempted in India. Section 13A of income tax act specifies that on satisfying certain conditions these political parties will be allowed tax exemption. Here are those conditions that each political party is required to satisfy to get tax exemption; Political party must be registered or deemed to be … [Read more...] about Why political parties are not paying tax in India
Due dates for filing section 44AB tax audit report and penalty for late filing
Due date for filling income tax audit report as required under section 44AB is 30th September of the assessment year for which books of accounts are prepared and getting audited. This means for financial year 2013-2014, tax audit report filing due date is 30th September 2014. However, for financial year 2013-2014 (i.e. AY 2014-2015), CBDT has extended the due date of filing … [Read more...] about Due dates for filing section 44AB tax audit report and penalty for late filing
Resignation of company auditor and filing of form ADT3 with ROC
In our previous articles, we have discussed steps for appointing a company auditor, filing of e-form ADT-1 and qualification required to be an auditor. An auditor appointed under section 139 of Companies Act 2013, can resign after his or her appointment. When an auditor ceases to hold office after resignation as company auditor, the auditor is obliged under section 140 of … [Read more...] about Resignation of company auditor and filing of form ADT3 with ROC
How to file form ADT1 with ROC – Step by step procedure
Form ADT1 is required to be filed for auditors appointed under section 139(1) of companies act 2013 read with rule 4(2) of the companies (audit and auditors) rules, 2014. This form is to be filed as a notice to registrar about appointment or reappointment of auditor. In our last article we have discussed when and who has to file form ADT1 with ROC. In this article we will be … [Read more...] about How to file form ADT1 with ROC – Step by step procedure
Step by step procedure for e-filing of tax audit report – Section 44AB
As we all know, from assessment year 2013-2014 onwards, tax audit report as required under section 44AB is required to be filled electronically. Here in this article we will be discussing how to electronically file these tax audit reports. Section 44AB tax audit report filling steps Before we start the process or procedure of e-filing tax audit report, please remember that … [Read more...] about Step by step procedure for e-filing of tax audit report – Section 44AB
Forms used for e-filing of section 44AB tax audit report – 3CA, 3CB and 3CD
In our last article, we have discussed when section 44AB tax audit is required to be done by tax payers. Today in this article we will be discussing different forms that are required to be submitted for section 44AB tax audit report. Forms used for section 44AB tax audit report As per rule 6G, two types of forms are required to be submitted for section 44AB tax audit report. … [Read more...] about Forms used for e-filing of section 44AB tax audit report – 3CA, 3CB and 3CD
How to appoint a new or additional director to an existing company
After a company’s incorporation, appointment of additional director is not only a crucial administrative requirement but also an important procedural requirement which has to be fulfilled as per the provisions of companies act 2013. Please remember only an individual can be appointed as a director in a company. This means a company, association, firm or other body with … [Read more...] about How to appoint a new or additional director to an existing company
Corporate identity number or CIN is mandatorily required to mention in company’s letterhead
Corporate identity number or CIN is a unique 21 digit registration number which each and every company gets after getting registered with ministry of corporate affairs. With effect from 1st April 2014, 183 new sections of companies act 2013 has been notified. Out of that list, section 12 is one of such section which deals with Corporate identity number or CIN to be quoted in … [Read more...] about Corporate identity number or CIN is mandatorily required to mention in company’s letterhead