The purpose of Banning of Unregulated Deposit Schemes Ordinance is to totally ban all forms of the Unregulated Deposits. This may be intended to protect investors from dubious outfits selling Ponzi and pyramid schemes.
As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC to be notified and deployed shortly.
Section 248 of the companies Act 2013 deals with suo-motu removal of name of the companies from the register of companies maintained by Company registrars.
Section 248(1) of Companies Act 2013 provided for suo moto power of ROC to struck off the company name If registrar has reasonable cause to believe.
The Public Provident Fund (PPF) is one of the tax-free saving scheme. This saving scheme is famous amongst the investors who do not want to take risk.
ITRs filed must be verified within 120 days of filing. Non- verification of same may lead invalidation of ITR.
Export made whether on account of supplies of goods or services, have been categorised as “Zero Rated Supplies” in the IGST Act.
The government made numerous improvements in taxation which are applicable from 1st April 2018.
Income tax act 1961 provides for heavy fees and penalties in case of tax evasion.
This article we going to discuss the fields showing in ITR-1 form. There are many changes in New ITR-1 form launched for filling return for FY 2017-18.