March 2024

No question asked return policy

A No Return, No Refund Policy is a policy where customers are informed that they are not allowed to return or get refunds for products they have purchased. A no-questions-asked refund policy is a customer service strategy that allows buyers to return products or services without having to provide any explanation or justification. It is often used by online businesses to attract customers and reduce the risk of dissatisfaction. However, it also has some drawbacks that can affect your order processing, profitability, and reputation. In this article, we will explore the advantages and disadvantages of offering a no-questions-asked refund policy for your order processing business. What is a No Return, No Refund Policy? A No Return, No Refund Policy is a type of a Return Policy where customers are informed that they are not allowed to return or get refunds for products they have purchased. Many businesses choose to institute a No Return, No Refund Policy to save themselves time and money. After all, if customers cannot return items, then the company does not need to process those returns or give the money back. Advantages of a no-questions-asked refund policy One of the main benefits of a no-questions-asked refund policy is that it can increase customer trust and loyalty. By showing that you value your customers’ satisfaction and preferences, you can create a positive impression and a long-term relationship with them. A no-questions-asked refund policy can also reduce the friction and hassle of dealing with unhappy customers, as you can simply process their refunds without having to argue or negotiate with them. This can save you time, money, and stress, and prevent negative feedback or complaints. Disadvantages of a no-questions-asked refund policy On the other hand, a no-questions-asked refund policy can also have some negative consequences for your order processing business. One of the main drawbacks is that it can increase the rate of returns and refunds, which can affect your cash flow, inventory, and profitability. Some customers may abuse the policy and return products or services that they have used, damaged, or simply changed their mind about, without any valid reason. This can result in wasted resources, higher costs, and lower margins for your business. A no-questions-asked refund policy can also make it harder for you to collect feedback and improve your products or services, as you may not know why customers are dissatisfied or what they expect from you. How to implement a no-questions-asked refund policy effectively If you decide to offer a no-questions-asked refund policy for your order processing business, you need to implement it carefully and strategically. To do this, set clear and reasonable terms and conditions for your policy, such as the time frame, method, and eligibility of returns and refunds. Make sure customers agree to these before making a purchase. Track and monitor returns and refunds and analyze the data to identify any patterns or issues. Provide excellent customer service and support throughout the order processing cycle, particularly during the refund process. Be polite, responsive, and helpful in resolving any problems or concerns quickly. Balance the benefits and costs of your policy by evaluating its impact on customer satisfaction, retention, loyalty, and profitability. You may need to test different variations of your policy or use different policies for different products or customer segments to find the optimal balance for your business. FAQs What is a “no questions asked” return policy? A “no questions asked” return policy means that customers can return items they’ve purchased without being required to provide a reason for the return. Essentially, the merchant will accept returns regardless of the motive behind the return. How does it work? Customers who wish to return an item simply need to bring it back to the store or follow the return process outlined by the online retailer. They typically won’t be asked to explain why they’re returning the item, and they’ll often receive a refund or exchange. Why do businesses offer this policy? Businesses implement a “no questions asked” return policy as a customer service strategy to enhance customer satisfaction and loyalty. It provides peace of mind to customers, encouraging them to make purchases without fear of being stuck with items they may regret buying. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya

No question asked return policy Read More »

Late filing fees penalty for non payment of tds tcs

Tax Deducted at Source was introduced with the purpose of collecting tax from the source of income. According to this concept, a person, known as a deductor, is liable to make a payment of specific nature to another person, known as a deductee. A person called a deductee shall then deduct tax at source and transfer the amount to the account of the Central Government.  The person whose income tax is deducted at source would be entitled to a credit of the deducted amount on the basis of a TDS certificate that will be issued by the deductor or by Form 26AS. Meaning of TDS TDS (Tax Deducted at Source) is a concept where a specific amount is reduced at the time of making a particular payment like salary, rent, commission, professional fees, interest, etc.  The person that makes the payment deducts TDS, while the person that receives the payment pays tax. It lowers evasion of tax as the tax would be collected at the time the payment is made. Every such assesse requires filing a TDS return who is liable for the TDS deduction. These returns shall be filed within particular time intervals, and information has to be submitted to the income tax (IT) authorities. Such information will include details of Tax Deduction and Collection Account Number (TAN), TDS payment, the amount deducted, Permanent Account Number (PAN), nature of payment, etc.  Every taxpayer must be aware of the exact due dates for filing of the TDS returns otherwise they may have to deal with penalties and fines.  Payments on which TDS is deducted Tax Deducted at Source (TDS) is deducted on the following types of payments: Salaries, Interest payments by banks, Commission payments, Rent payments, Consultation fees, and Professional fees However, Individuals do not require to deduct TDS at the time of making payments such as rent or fees of professionals like lawyers and doctors.  Duties of Persons Liable to TDS Deduction A person that deducts TDS is responsible for the following; Obtaining Tax Deduction Account Number and mentioning it in all of the documents that relate to TDS, Deduction of the TDS at the rate applicable, Depositing the TDS amount to the Central Government within the due date, Filing of TDS returns within the due date, Issuing the TDS certificate to the payee within the due date that is specified Non-Filing of TDS/TCS Returns Section 234E provides that the person that is required to collect/deduct tax deducted at source will be liable to a penalty of Rs 200/- (two hundred) per day until the date the TDS return is filed.  The deductor of TDS will be liable to pay a such fine for each day till such delay continues and until the fine amount becomes equal to the amount that such person was supposed to pay as the amount of TDS. Consequences of Non-Payment of TDS/TCS The person who fails at filing the statement for TDS/TCS may be directed by the Assessing Officer to pay a minimum penalty of Rs 10,000/- within the due date, which may be further extended to Rs 1,00,000/-.  The penalty that is levied u/s 271H is in addition to the fee that is levied for late filing u/s 234E The exception to the Penalty (u/s 271H) The tax deducted at source or collected at source is paid to the credit that belongs to the Central Government, Late filing fees are paid to the credit of the Central Government, The TDS or TCS return is filed before the period of one year expires from the due date that is specified on this behalf Prosecution In case a person fails to pay TDS with the credit of the Government as required, then such person shall be punishable with imprisonment for a term of at least three months which may extend to seven years, and in addition to imprisonment, a fine can also be levied. Penalty for Non-Payment of TCS If the person fails to collect tax at source (TCS) and fails to deposit it with the government within the prescribed duration, then such a person will be required to pay interest at the rate of 1% per month or a part of it on the TCS amount.  The collector of tax is liable to pay interest on the due amount up to the date the tax gets actually paid, from the date on which such tax became due or collectible. Is TDS paid monthly? If the deductors (other than office of government) deduct TDS in any month, tax must be paid on or before 7th of the next month. However, the TDS deducted in the month of March can be deposited till 30th April. For TDS deducted on rent and purchase of property, the due date is 30 days from the end of the month in which TDS is deducted. How is TDS calculated on salary? TDS on salary is calculated according to the income tax slab applicable to the employee after adjusting all eligible deductions and exemptions. Salary is one of the incomes where the employer (deductor) deducts full tax liability as TDS. Can I file TDS return after the due date? You can pay TDS after the due date, however penalty of Rs 200 per day as per Section 234E needs to be paid. The deductor is liable to pay the penalty for every day during which the failure continues. However, the amount of late fees cannot exceed the TDS.  Also, penalty under Section 271H can be levied by the department which is in the range of Rs 10,000 – Rs 1,00,000. Penalty under this section is in addition to the late filing fees specified above under Section 234E. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO

Late filing fees penalty for non payment of tds tcs Read More »

WPC – Dealer Possession License (DPL)

DPL License or the Dealer Possession License is issued to dealers and possessors of Wireless products. These entities are involved in the sales and distribution of wireless equipment. As per the telecom rules, the holders of DPL License can’t sell their products to companies or entities that don’t have the approval of the WPC to use those products.  NDPL License or Non-Dealer Possession License is issued to entities that are neither the dealers nor the proprietors of wireless products. They are merely entities that have wireless products in their possession. For example, a local cable operator.  What is the Indian DPL-NDPL License? The DPL License, also called the Dealer Possession License, is given to people who sell or own Wireless products. These groups are involved in selling and distributing wireless equipment. According to the telecom rules, DPL License holders can’t sell their products to companies or other groups that don’t have permission from the WPC to use those products. The NDPL License, which stands for “Non-Dealer Possession License,” is given to businesses that do not sell or own wireless products. They are just people or businesses that own wireless products. For example, a local cable operator. The Criteria for Getting a DPL or NDPL License in India If your business is registered, you can apply for the DPL License and the NDPL License Documents Needed in India for DPL/NDPL License These are the documents needed for a DPL license or NDPL license: A certificate of incorporation Equipment you want to bring into the country, own, sell, or use Equipment’s technical specifications duly filled out application form The process for obtaining a DPL/NDPL license in India The following is the procedure for obtaining a DPL/NDPL license. 1.Create documentation 2.Complete the application form 3.Submit the application 4.Wait for the WPC analysis. 5.Obtain the DPL or NDPL license. FAQs What is a Dealer Possession License in India? DPL License or the Dealer Possession License is issued to dealers and possessors of Wireless products. These entities are involved in the sales and distribution of wireless equipment. As per the telecom rules, the holders of DPL License can’t sell their products to companies or entities that don’t have the approval of the WPC to use those products.  What is a Non-Dealer Possession License in India? NDPL License or Non-Dealer Possession License is issued to entities that are neither the dealers nor the proprietors of wireless products. They are merely entities that have wireless products in their possession. For example, a local cable operator.  Who issues the DPL/NDPL license in India? The Wireless Planning & Coordination (WPC) wing of the Department of Telecommunications issues both the DPL and NDPL licenses. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta

WPC – Dealer Possession License (DPL) Read More »

Reserve Bank of India (RBI)

The overall economic efficiency and the stability of a nation are dependent on the payment and settlement system prevailing in that country. As a result, the various regulators in India, including the central bank, have been regularly and consistently revising their operating models and policies to ensure and carry on the development of payment systems at the national level. These regulators are required to carefully safeguard the sanctity of payment systems, generally from systematic risks, the risk of fraud, etc. The responsibility of a central bank of any given country is to ensure and carry on the development of payment systems at the national level. In India, this responsibility is vested with the Reserve Bank of India (RBI). Establishment of the RBI The Reserve Bank of India (RBI) was first established in 1935 according to the Reserve Bank of India Act of 1934. Situated in Mumbai, the RBI is wholly owned and operated by the Indian Government. The operations of the RBI are governed by the Central Board of Directors which comprises of 21 members appointed by the Government of India by the Act. The Central Board of Directors consists of the Official Directors and the Non-Official Directors. The Official Directors would include the Governors appointed for four years with an addition of 4 Deputy Governors. The Non-Official Directors comprise of 10 Directors elected from multiple fields along with 2 Government Officials. Chain of Command The following is the chain of command among the Central Board of Directors of the RBI according to their ranks. Governor Deputy Governor Executive Directors Principal Chief General Manager Chief General Managers General Managers Deputy General Managers Assistant General Managers Managers Assistant Managers Support Staff Objectives of the RBI The primary goals of the RBI according to the Preamble of the same are as follows. To regulate the issue of Banknotes. To secure monetary stability in the country. To meet the economic challenges by modernising the monetary policy framework. The primary focus of the RBI is to supervise and undertake initiatives on behalf of the financial sector which consists of financial institutions, commercial banks, non-banking financial companies. A few critical efforts of the RBI are to restructure bank inspections and fortifying the role of statutory auditors in the banking system. Functions of the RBI Supervisory and Regulatory Authority To set specific parameters for the banks in the country. This would include financial operations within which the banking and financial systems are to function. To protect the interests of every investor and offer economic and cost-efficient banking services to the public. Monetary Authority To formulate and implement the monetary policies of the country. To maintain stability in the prices across all the sectors along with the objective of growth. Currency Authority To issue, exchange or destroy currency that is not fit for circulation. To provide adequate currency notes and coins of the standard quality to the public. Foreign Exchange Management To oversee the Foreign Exchange Management Act, 1999. To facilitate the external trade and development of the foreign exchange market in the country. Other Functions To promote and perform promotional functions to support national banking and other financial objectives. To offer banking solutions to the Central and State Governments. To act as a banker for the Central and State Governments. To be the Chief Banker to every bank across the country and maintain all the banking accounts of every scheduled bank. FAQs What is the Reserve Bank of India (RBI)? The Reserve Bank of India is the central banking institution of India, established on April 1, 1935, under the Reserve Bank of India Act, 1934. It regulates the monetary policy of the Indian rupee, manages the country’s foreign exchange and gold reserves, issues currency, and oversees the banking system’s functioning. Who governs the RBI? The RBI is governed by a central board of directors headed by a Governor. The Governor is appointed by the Government of India. The board includes representatives from various fields, including economics, finance, and industry, along with government nominees. How does the RBI regulate banks? The RBI regulates banks and financial institutions through various measures such as licensing, inspection, and supervision. It sets guidelines and regulations related to capital adequacy, liquidity, risk management, and corporate governance. It also has the authority to issue directives and take corrective actions to ensure the stability and soundness of the banking system. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme |

Reserve Bank of India (RBI) Read More »

Gross margin

Gross margin, a key financial performance indicator, is the profit percentage after deducting the cost of goods sold (COGS) from a company’s total revenue. This gross profit metric gives businesses valuable insights into their operational efficiency and profitability by revealing how much money is left to cover overhead expenses such as marketing costs, rent, and employee salaries. Gross margin is commonly presented as a percentage, allowing for easy comparison of a company’s performance against its industry peers or historical data. For instance, let’s consider Apple Inc., one of the world’s most profitable companies. If Apple generates total revenue of $100 million through iPhone sales and incurs COGS of $60 million for producing those iPhones, their gross profit is $40 million ($100M – $60M). A higher gross profit suggests that a business is more efficient in controlling its production costs and generating profits from its core operations. What Is Gross Margin? Gross margin is the percentage of a company’s revenue that it retains after direct expenses, such as labor and materials, have been subtracted. Gross margin is an important profitability measure that looks at a company’s gross profit compared to its revenue.Gross profit is determined by subtracting the cost of goods sold from revenue. The higher the gross margin, the more revenue a company retains, which it can then use to pay other costs or satisfy debt obligations. Formula and Calculation of Gross Margin Gross Margin=Net Sales−COGS where:Net Sales=Equivalent to revenue, or the total amountof money generated from sales for the period. It can alsobe called net sales because it can include discountsand deductions from returned merchandise.Revenue is typically called the top line because it sitson top of the income statement. Costs are subtractedfrom revenue to calculate net income or the bottom line.COGS=Cost of goods sold. The direct costsassociated with producing goods. Includes both directlabor costs, and any costs of materials used in producingor manufacturing a company’s products.​ What Gross Margin Can Tell You A company’s gross margin is the percentage of revenue after COGS. It is calculated by dividing a company’s gross profit by its sales. Remember, gross profit is a company’s revenue less the cost of goods sold. For example, if a company retains $0.35 from each dollar of revenue generated, this means its gross margin is 35% Because COGS have already been taken into account, those remaining funds may consequently be channeled toward paying debts, general and administrative expenses, interest fees, and dividend distributions to shareholders. Companies use gross margin to measure how their production costs relate to their revenues. For example, if a company’s gross margin is falling, it may strive to slash labor costs or source cheaper suppliers of materials. Alternatively, it may decide to increase prices, as a revenue-increasing measure. Gross profit margins can also be used to measure company efficiency or to compare two companies with different market capitalizations. The Difference Between Gross Margin and Net Margin Gross margin focuses solely on the relationship between revenue and COGS. Net margin or net profit margin, on the other hand, is a little different. A company’s net margin takes all of a business’s expenses into account. Put simply, it’s the percentage of net income earned from revenues received. When calculating net margin and related margins, businesses subtract their COGS, as well as ancillary expenses. Some of these expenses include product distribution, sales representative wages, miscellaneous operating expenses, and taxes. Gross margin helps a company assess the profitability of its manufacturing activities, while net profit margin helps the company assess its overall profitability. Companies and investors can determine whether the operating costs and overhead are in check and whether enough profit is generated from sales. The Difference Between Gross Margin and Gross Profit Gross margin and gross profit are among the different metrics that companies can use to measure their profitability. Both of these figures can be found on corporate financial statements, notably a company’s income statement. Although they are commonly used interchangeably, these two figures are different.  gross margin is a profitability measure that is expressed as a percentage. Gross profit, on the other hand, is expressed as a dollar figure. Gross profit can be calculated by subtracting the cost of goods sold from a company’s revenue. As such, it sheds light on how much money a company earns after factoring in production and sales costs. FAQs What Is a Good Gross Margin? The gross margin varies by industry, however, service-based industries tend to have higher gross margins and gross profit margins as they don’t have large amounts of COGS. On the other hand, the gross margin for manufacturing companies will be lower as they have larger COGS. What Does Gross Profit Margin Indicate? A company’s gross profit margin indicates how much profit it makes after accounting for the direct costs associated with doing business. Put simply, it can tell you how well a company turns its sales into a profit. Expressed as a percentage, it is the revenue less the cost of goods sold, which include labor and materials. How Do You Calculate Gross Margin? Gross margin is expressed as a percentage. In order to calculate it, first subtract the cost of goods sold from the company’s revenue. This figure is known as the company’s gross profit (as a dollar figure). Then divide that figure by the total revenue and multiply it by 100 to get the gross margin Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration

Gross margin Read More »

Amendments to Schedule V of CA 2013

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 12th September, 2018 S.O. 4822(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 467 of the CompaniesAct, 2013 (18 of 2013), the Central Government hereby makes the following amendments to amend Schedule V of thesaid Act, namely:—2. In Schedule V of the Companies Act, 2013,-(1) in PART I, under title “APPOINTMENTS”,(a) in para (a) after the item (xvi), the following items shall be inserted namely:-“(xvii) the Insolvency and Bankruptcy Code, 2016 (31 of 2016)¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3(xviii) the Goods and Services Tax Act, 2017 (12 of 2017)(xix) the Fugitive Economic Offenders Act, 2018 (17 of 2018)(b) para (d) shall be omitted.(2) In PART II, under heading“ REMUNERATION”, in Section II – ,(a) in the heading, the words “without Central Government approval” shall be omitted;(b) in the first para, the words “without Central Government approval” shall be omitted;(c) in item (A), in the proviso, for the words “Provided that the above limits shall be doubled” the words“Provided that the remuneration in excess of above limits may be paid” shall be substituted;(d) in item (B), for the words “no approval of Central Government is required” the words “remuneration asper item (A) may be paid” shall be substituted;(e) in Item (B), in second proviso, for clause (ii), the following shall be substituted, namely:-“(ii) the company has not committed any default in payment of dues to any bank or public financialinstitution or non-convertible debenture holders or any other secured creditor, and in case of default, theprior approval of the bank or public financial institution concerned or the non-convertible debentureholders or other secured creditor, as the case may be, shall be obtained by the company before obtainingthe approval in the general meeting.”;(f) in item (B), in second proviso, in clause (iii), the words “the limits laid down in” shall be omitted;(3) In PART II, under the heading “REMUNERATION”, in Section III, –(a) in the heading, the words “without Central Government approval” shall be omitted;(b) in first para, the words “without the Central Government approval” shall be omitted;(c) in clause (b), in the long line, for the words “remuneration up to two times the amount permissible underSection II” the words “any remuneration to its managerial persons”, shall be substituted;(d) clause (d) shall be omitted.(4) In Part II, in section IV, in Explanation VI, the clause (A) shall be omitted. [F. No. 1/5/2013-CL-V]K.V.R.MURTY, Jt. Secy. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta

Amendments to Schedule V of CA 2013 Read More »

S.O. 4823(E) Commencement Notification

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 12th September, 2018 S.O. 4823(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Companies(Amendment) Act, 2017 (1 of 2018), the Central Government hereby appoints the 12th September, 2018 as the date onwhich the provisions of sections 66 to 70 (both inclusive) of the said Act shall come into force. [F. No. 1/5/2013-CL-V- Part I]K.V.R. MURTY, Jt. Secy. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta

S.O. 4823(E) Commencement Notification Read More »

The Companies (Appointment and Remuneration of Managerial Personnel)Amendment Rules, 2018

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 12th September, 2018 G.S.R 875(E).— In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of theCompanies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend theCompanies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, namely:—1. (1) These rules may be called the Companies (Appointment and Remuneration of Managerial Personnel)Amendment Rules, 2018.(2) They shall come into force on the date of their publication in the Official Gazette.2. In the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014,(i) in rule 6,(a) for the heading ‘application to the Central Government’ the heading ‘Parameters for consideration ofremuneration’ shall be substituted.(b) the words ‘Central Government’ shall be omitted . Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta

The Companies (Appointment and Remuneration of Managerial Personnel)Amendment Rules, 2018 Read More »

The Limited Liability Partnership (Second Amendment) Rules,2018

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 18th September, 2018 S.O. 896 (E).— In exercise of the powers conferred by sub-sections (1) and (2) of section 79 ofthe Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes thefollowing rules further to amend the Limited Liability Partnership Rules, 2009, namely:—1. (1) These rules may be called the Limited Liability Partnership (Second Amendment) Rules,2018.(2) They shall come into force with effect from the 2nd October, 2018.2. In the Limited Liability Partnership Rules, 2009,-(a) in rule 3, after sub-rule (2), the following shall be inserted, namely:—“(3) Form RUN-LLP (Reserve Unique Name-Limited Liability Partnership), Form FiLLiP(Form for incorporation of Limited Liability Partnership), Form 5, Form 17 and Form 18 shall beprocessed by the Registrar, Central Registration Centre (CRC) for and on behalf of the jurisdictionalRegistrar.Explanation .— For the purposes of this sub-rule, Central Registration Centre means the officeof Central Registration Centre as established under sub-sections (1) and (2) of section 396 of theCompanies Act, 2013 (18 of 2013) by the Government of India vide notification number S.O. 218(E),dated 22nd January., 2016(b) in rule 8, in the proviso, for the word and figure “Form 2”, the word and letters “FormFiLLip” shall be substitute;(c) for rule 11, the following rule shall be substituted, namely:-`“ 11. (1) For the purposes of section 11, the incorporation document shall be filed in FormFiLLiP with the Registrar having jurisdiction over the State in which the registered office of the limitedliability partnership is to be situated alongwith fee as provided in Annexure ‘A’:Provided that if an individual required to be appointed as designated partner does not have aDPIN or DIN, application for allotment of DPIN shall be made in Form FiLLiP :Provided further that the application for allotment of DPIN shall not be made by more than twoindividuals in Form FiLLiP:Provided also that an application for reservation of name may be made through Form FiLLiP:Provided also that where an applicant had applied for reservation of name under rule 18 in FormRUN-LLP and which has been approved, he may fill the reserved name as the proposed name of limitedliability partnership.(2) (a) Where the Registrar, on examining Form FiLLiP, finds that it is necessary to call forfurther information or finds such application or document to be defective or incomplete in any respect,he shall give intimation to the applicant to remove the defects and re-submit the e-form within fifteen26 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]days from the date of such intimation given by the Registrar.(b) After re-submission of the document, if the Registrar still finds that the document isdefective or incomplete in any respect, he shall give one more opportunity of fifteen days time toremove such defects or deficiencies:Provided that the total period for re-submission of documents shall not exceed thirty days.(3) The Certificate of Incorporation of limited liability partnership shall be issued by theRegistrar in Form 16.”;(d) in rule 13, –(a) the word and figure “Form 2”the word and letters “Form FiLLiP” shall be substituted.”;(e) in rule 18, in sub- rule (2) ,-(A) clause (viii) shall be omitted;(B) clause (xiv) shall be omitted;(C) for sub-rule (5) the following shall be substituted, namely:-“ 5 Every such application shall be made through the web service, RUN-LLP, available atwww.mca.gov.in and be accompanied by fee as mentioned in Annexure ‘A’, which may either beapproved or rejected, as the case may be, by the Registrar after allowing a re-submission of suchapplication within fifteen days for rectification of defects.” ; Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration |

The Limited Liability Partnership (Second Amendment) Rules,2018 Read More »

Commencement Notification I

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 19th September, 2018 S.O. 4907(E).— In exercise of the powers conferred by sub-section (2) of section 1 of the Companies(Amendment) Act, 2017 (1 of 2018), the Central Government hereby appoints the 19th September 2018, as the date onwhich the provisions of section 37 of the said Act shall come into force. [F. No. 1 /1 /2018-CL-I]K.V.R. MURTY, Jt. Secy. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta

Commencement Notification I Read More »