The Ministry of Corporate Affairs, in a statement, released on the 29th of October 2018, has declared to favor the requests of the stakeholders by extending the Roc filing due date of Financial Statements and Annual Returns in the forms (details of which are provided below). The latest announcement allows the concerned companies to complete these obligations […]
The Government of India has been striving to eradicate black money. One of the steps has been to obligate the authorities, government and others, to report all high-value transactions. The Income Tax Act of 1961 came up with the requirement of Form 61A. The objective was to collect information on the High-Value Transactions occurring and to ascertain the legality, This […]
Income tax is one of the most fundamental taxes any individual/business has to pay to the government on their income/profits. Income tax generated through the taxation system is directly contributed towards infrastructural development as well as towards payment of salaries of the central government employees. In this article, […]
