One of the many initiatives from the Ministry of Corporate Affairs to simplify incorporation of Companies in India is on the verge of getting implemented next month.. While obtaining a DIN for directors has been made online recently, the other incorporation procedures are also becoming online, considerably reducing the time taken to incorporate a company.. [...]
The CBEC (Central Board of Excise and Customs has come out with a clarification with respect to interpretation of the phrase ‘Completion of Service’. The Circular details as to what shall constitute ‘completion of service’. Since the Point of Taxation Rules, 2011 state that the invoice needs to be issued within 14 days of completion [...]
The Ministry of Corporate Affairs is taking way lot of steps to make things easier for entrepreneurs and business owners. One of the steps has been integrating the Director Identification Number (DIN) and the Designated Partner Identification Number (DPIN). While the DIN is issued for people who wish to be directors for a company, DPIN [...]
The MCA has issued a circular that speaks about the much awaited name availability guidelines, 2011. The ROC will be required to grant or reject a name application by strictly adhering to the guidelines mentioned in the circular. In brief a name that is identical or closely resembles an already approved name or the name [...]
Salaried Employees will no longer be required to file Income Tax Returns if their total income is less than Rs. 5 lakh an annum.. A few conditions are to be satisfied for the purpose, such as reporting of PAN to the assesee’s employer, declaration of entire income from bank deposits to the employer and the [...]