Trust Complainces As per Income Tax Act :-

Trust Complainces As per Income Tax Act :-

October 6, 2019 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

1.Introdcution: Trust formed for charitable or religious purposes which are not intended to do commercial activities are allowed various benefits under the Income-Tax Act, inter-alia, exemption under section 11. The term religious purpose is not defined under the Income-Tax Act. However, Section 2(15) of the Act defines “charitable purpose” to include relief of the poor, […]

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MCA compliance Chart

February 28, 2019 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

S.no Forms  Allicability and Purpose Due Date Remarks Penalty and Late Fees 1 E-form – INC-22A (Active Company Tagging Identities and Verification) Every company incorporated on or before 31st of  December, 2017 for filing particulars of the company and registered office with MCA On or before 25th April, 2019 (Notification dt. 21st February, 2019 & […]

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Active Company Tagging Identities and Verification (Amendment In Companies Act)

February 22, 2019 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

URGENT(1) Every company incorporated on or before the 31st December, 2017 shall file the particulars of the company and its registered office, in e-Form ACTIVE (Active Company Tagging Identities and Verification) on or before 25.04.2019.Provided that any company which has not filed its due financial statements under section 137 or due annual returns under section […]

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Interim Budget 2019 an Overview

February 10, 2019 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

The Finance Minister presented the Interim Union Budget 2019 1st Feb as the general elections are scheduled later this year. The Interim Union Budget 2019 aims to provide benefits to the middle-class taxpayers especially salary earners, pensioners, and senior citizens. Key tax and regulatory proposals of the Interim Union Budget 2019 have been summarised herein […]

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Ineligible categories under MEIS

August 14, 2018 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

Ineligible categories under MEIS i.Supplies made from DTA units to SEZ units. ii.Export of imported goods covered under paragraph 2.46 of FTP; iii.Exports through trans-shipment, meaning thereby exports that are originating in third country but trans-shipped through India; Deemed Exports; v.SEZ/EOU/EHTP/BPT/FTWZ products exported through DTA units; vi.Export products which are subject to minimum export price […]

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Products not eligible for incentive under MEIS

August 14, 2018 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

Sl. No. Chapters Products under the following chapters are not eligible for incentive under MEIS 1 Chapter-01 Live animals 2 Chapter-02 Meat and edible meat offal 3 Chapter-10 Cereals 4 Chapter-24 Tobacco and manufactured tobacco substitutes 5 Chapter-25 Salt; sulphur; earths and stone; plastering materials, lime and cement 6 Chapter-26 Ores, slag and ash 7 […]

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Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India (FTP 2015-20)

August 14, 2018 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India (FTP 2015-20):- What is the MEIS scheme? Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India (FTP 2015-20) is one of the two schemes introduced in Foreign Trade Policy of India 2015-20, as a part of Exports from India Scheme. […]

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Export Promotion Capital Goods (EPCG) scheme

August 13, 2018 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

Export Promotion Capital Goods (EPCG) scheme Export Promotion Capital Goods (EPCG) scheme allows import of capital goods including spares for pre production, production and post production at zero duty subject to an export obligation of 6 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 6 years reckoned from Authorization issue date. […]

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