What is TRACES – TDS Reconciliation Analysis and Correction Enabling System Traces (TDS Reconciliation Analysis and Correction Enabling System) is an online facility provided by the Income Tax Department at www.tdscpc.gov.in. The TDS return processing happens online with dashboard and status of filings and outstanding demand is shown therein. add challan...
Central Government has notified Income Tax Exemption to Abu Dhabi’s Sovereign Wealth Fund under section 10(23FE) vide Notification No. 89/2020/ F. No. 370133/16/2020-TPL Dated 2ND November, 2020. notification-89/2020: exemptions section 10(23fe) EXTRACT OF NOTIFICATION CBDT Notification No. 89/2020: INCOME TAX EXEMPTIONS U/S 10(23FE) S.O. 3952(E).—In exercise of powers conferred by sub-clause (vi)...
Indian Income tax on individuals and HUF is levied basis slab rate depending on the level of income. Indian Income is progressive in nature ie with increase in income, rate of tax payable increases, hence it means tax rate applicable for lower tax bracket is lower than average tax...
Loans of more than Rs. 2 lakh crore sanctioned under ECLGS ECLGS schemed extended till 30th November 2020 The Union Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by one month till November 30th, 2020, or till such time that an amount of Rs. 3 lakh crore is sanctioned...
Notice of AGM Format NOTICE Notice is hereby given that the First Annual General Meeting of the members of the M/s. ABCD PRIVATE LIMITED will be held on MONDAY, 7TH DAY OF SEPTEMBER 202X, at TIME at the Registered Office Address of the company at ( __Mention address where AGM held__...
REQUEST LETTER FOR CONSENT OF AUDITOR: To, Date: ________________ Mr. _____________ M/s _______________. Chartered Accountants Add: __________________ Sub: Proposal for appointment as Statutory Auditors of the Company. Dear Sir, The company is planning to hold Annual General Meeting on ________________ and in accordance with provisions of Section 139 of Companies Act, 2013, we need your consent and...
UDYAM REGISTRATION (Earlier known as MSME Udyog Aadhaar) Enterprise meeting the following criteria can be classified as MSME (Micro, Small or Medium Enterprise): MSME Udyam registration process a micro-enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore...
SEBI Public Notice SEBI on 31st day of October 2020 has issued Public notice in respect of Extension of the SEBI Settlement Scheme 2020. Extension: In this notice, upon consideration of the same, the competent authority has approved the extension of the period of the Scheme till December 31, 2020, In...
FSSAI LICENSING and REGISTRATION What is FSSAI Food Safety and Standards Authority of India (‘FSSAI’) is established as an autonomous body under the Ministry of Health & Family Welfare (‘MoHFW’, Government of India (‘GOI’). fssai faq - licensing & registration The key role of FSSAI is to protect and promote public heath...
Extension of due date for filing various Audit Report including tax audit report is 31st December 2020. EXTRACT OF NOTIFICATION CBDT Notification No. 88/2020: In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (38 of...
