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Trade Receivables & Trade Payables Ageing as per schedule iii of Companies Act, 2013

Opportunity to companies to make good any filing related defaults, irrespective of duration of default, and make a fresh start as a fully compliant entity.

The Government had made various changes under Income-tax law, GST and Corporate laws which shall be applicable from April 1, 2019.

The financial year 2018-19 is about to end, and the new financial year is about to start. Here are some points to note and take necessary action immediately

The President of India has promulgated 'The Banning of Unregulated Deposit Scheme Ordinance, 2019' on February 21, 2019. The Ordinance aims to provide comprehensive and unified mechanism to ban the unregulated deposit schemes (or Ponzi schemes or Pyramid Schemes) and to protect the interest of depositors. The Ordinance clearly defines 'Regulated Deposits' and 'Unregulated Deposits'. The Ordinance also provides list of offences and penalties thereunder. Through following FAQs you can understand the provisions of the Ordinance in a lucid manne

This is for the first time in the Indian history that Interim Budget has been announced as on 1 February. Modi Government's current tenure is about to end and this is the last budget before 2019 Lok Sabha elections. The final budget will be presented in July, 2019 by the newly elected Government.

No time limit for legal heirs to intimate death of assessee to dept.; notice in name of deceased is invalid

Listing Securities on Stock Exchanges in India

Benefit of deduction under section 54F in case of construction of residential house, is available only when construction is completed within a period of three years after date of transfer of long-term capital asset and, therefore, where construction took place prior to date of transfer, conditions of section 54F were not fulfilled and, consequently, assessee's claim for deduction was to be rejected

Here are some Clarifications & FAQs by the Government on GST implications on Stock Brokers

GST implication on provisions recognised in books of account

The Central Government has notified amendment to various rules under Companies Act, 2013. The amendments are effective from May 07, 2018. The amended provisions have been discussed as under:

Every registered entity whose aggregate turnover during a financial year exceeds Rs. 2.00 crore has to get its accounts audited as the provisions of GST Act. Such person has to furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C.