Karnataka has become the first Indian state to implement rules for crèche facility to be provided to female employees as per the Maternity Benefit Act, 1961 of India. The state Government of Karnataka was first to release Draft crèches Rule in July 2018 and subsequently came up with Karnataka...
In this article, Author tries to include all the compliances that are to be followed by every Private Limited Company under the Companies Act, 2013 in every financial year after incorporation of Company. All the Companies Registered in India are governed by the provisions of Companies Act, 2013 (An act of Parliament...
The code seeks to universalise the provisions of minimum wages and bonus payment to employees. The code will enable timely payment of wages. The code has subsumed and repeal the following four labour laws: The Payment of Wages Act, 1936; The Minimum Wages Act, 1948; The Payment of Bonus Act, 1965; The Equal Remuneration...
Challan 280 – How to pay your Self-Assessment Tax of Individuals: Step by Step guide by SattvaCFO to pay income tax online through a net-banking account with selected banks. By following the steps given below, you can easily pay your income tax online: Step 1: Go directly to https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp Step 2: Scroll down to...
Who has to file income tax return compulsorily? The following persons are under statutory obligation to file return of income under section 123:- A company / firm is required to submit its return of income (regardless of the quantum of income or loss) [Section 139(1)(a) of Income Tax Act] A person (other...
Profession tax is levied under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976: Profession Tax shall be paid by every person exercising any Profession or calling or is engaged in any trade or holds any appointment, public or private as specified in the Schedule to the...
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 25th July, 2019 G.S.R. 528(E).—In exercise of the powers conferred by the second proviso to sub-section (1), sub-section (4) and clause (f) of sub-section (6) of section 149, sub-sections (3) and (4) of section 150, section 151, sub-section (5) of section 152, section 153,...
Procedure for filing Returns under Karnataka Professional Tax: A facility has been provided to the registered employer to submit the monthly statement in Form 5 –A and the annual return in Form 5 electronically through internet. Such employer may also pay the tax through electronic mode through internet. Procedure for...
TRACES introduced a new system for NIL return filing of TDS from the FY 2014-15. This is applicable for deductor who did not deduct any tax during the relevant quarter. Therefore, did not file any statement for deduction of tax at source u/s 200(3) of the Income Tax Act’1961. In this...
Challan 280 – How to pay Advance Income Tax of Individuals: Step by Step guide by SattvaCFO to pay advance income tax of Individual Assessee online through a net-banking account with selected banks. CHALLAN NO./ITNS 280 ‘CHALLAN NO./ITNS 280’ is an income tax challan for depositing income tax relating to Advance...
