News & FAQs

Sections of One Person Company

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Feb 17, 2013

Taxmantra.com brings forth the relevant extracts of Companies Act applicable to One Person Companies which runs as below : Section 2 (62)...

Relaxation of additional fees and extension of last date in filing of various forms

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Feb 13, 2013

Ministry of Corporate Affairs has decided upon relaxation of additional fees applicable on forms as per the provisions of Companies Act r...

Implementation of GAAR System Deferred to 1st April 2016

News & FAQs | By ALOK PATNIA | Jan 14, 2013

Again there is a major relief to the markets and investors, as the said GAAR, the controversial law against tax avoidance through foreign...

SEBI notifies regulations for Setting up of Self Regulatory Organisation for Mutual Fund Distribu...

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jan 10, 2013

The regulator SEBI has notified regulations to set up a Self Regulatory Organisation (SRO) to monitor distributors of mutual fund and p...

Finance Finisters May Not Change the Tax Slabs but May Increment the Surcharge for Income above P...

News & FAQs | By ALOK PATNIA | Jan 9, 2013

As per the Economic Times of India the proposal for taxing the super-rich does not find much favour with Chidambaram, who is known to pre...

Disallowances of TDS Shortfall Due To a Mistake Is Not Valid

News & FAQs | By ALOK PATNIA | Jan 5, 2013

As reported by the Economic Times of India – A shortfall in the tax deducted at source (TDS) because of a bonafide error in applyin...

FAQs on Form 26AS – Tax Credit Statement

1.      What is Form 26AS? Form 26AS is a consolidated tax statement issued under Rule 31 AB of Income Tax Rules to PAN holders’ i...

What does TAN Acknowledgement consist of?

News & FAQs | By ALOK PATNIA | Dec 8, 2012

TAN Number is abbreviated as tax deduction and collection account number. As per the Income Tax Act, 1961, all assessee who are liable to...

FAQs on Incorporation of LLP

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Nov 20, 2012

1. How many partners are required to form an LLP? A minimum of two partners are required to form an LLP. There is no maximum limit on num...

Extension of Time Limit for Filing of ITR-V Forms for AY 2010-11 and AY 2011-12

News & FAQs | By ALOK PATNIA | Nov 5, 2012

In exercise of its powers under clause (ii) of Para 14 read with clause (7) of Para 4 of the Centralized Processing of Returns Scheme 201...

E-Filing of ITR suspended till 8th November – E-Filing Portal getting revamped

News & FAQs | By ALOK PATNIA | Nov 5, 2012

This is hereby to inform to the esteemed taxpayers that looking to the overwhelming response from the taxpayers and growth of e-filing, a...

CBDT Panel Smacks the Tax-Payers in Controversy on Tax Accounting Standards

News & FAQs | By ALOK PATNIA | Nov 1, 2012

CBDT arrives with its latest recommendation known as Tax Accounting Standards (TAS) in confrontation with the existing ICAI formulated Ac...

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