KNOWLEDGE HUB
MINISTRY OF CORPORATE AFFAIRS ORDER
New Delhi, the 25th February, 2020 S.O……………(E).—In exercise of the powers conferred by sub-section (11) of section 143 of the Companies Act, 2013 (18 of 2013 ) and in supersession of the Companies (Auditor's Report) Order, 2016, published in the Gazette of India,...
Blackstone have acquired Trident Hotel for Rs.585Cr
NCLT: US PE firm Blackstone Group have got the NCLT approval for to acquire Trident Hotel Hyderabad, owned by Golden Jubilee Hotels and managed by Oberoi group East India Hotels(EIH) for 585Cr, Blackstone Group infuse Rs.384 Crore upfront to clear dues of...
Major Tax proposals in “PART B” of Budget 2020
Corporate tax rate @ 15% for new companies in the manufacturing sector. Also, tax rate for existing companies is brought down to 22%. Income tax slab as per new regime: > upto 2.5L – NIL > 2.5L to 5L – 5% > 5L to 7.5L - 10% > 7.5L to 10L- 15% > 10L to...
Extension of due date of filling AOC-4 & MGT-7
Ministry of Corporate Affairs on 29th October, 2019 vide General Circular No. 13/2019 has extended the due date of filling of forms MGT-7 (Annual Return) and AOC-4 (Financial Statements) for the financial year ended 31.03.2019. The extended due dates are 30.11.2019...
Risk Base Auditing
RISK BASED AUDITING Over the past few years, the need to manage risks has become an important part of good corporate governance practice. The increasing pressure on organisation to identify all business risks and explain how they manage them. With the responsibility...
How to File Income Tax Return
Income Tax Return Income Tax Return is a form filed with tax authorities, which reports all your incomes, expenses, investments and all other tax related data. In India, income tax returns are filed as per the rules defined in Income Tax Act, 1962. Every Individual or...
Budget 2019 Key Changes in Income Tax
The government proposed many changes in income tax provisions for this year. Finance minister kept the income tax slab rates unchanged but announced a slew of new income tax proposals that could impact many tax payers. Additional income tax deduction of ₹1.5 lakh on...