The Ministry of Corporate Affairs (MCA) has issued a circular (MCA General Circular 08/2023 dated August 23, 2023) to condone the delay in filing of certain LLP forms. The following forms are covered under the condonation scheme: The condonation scheme is applicable to LLPs that have not filed the above forms within the due date….
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Singh Packwell Private Limited has been penalized by the Ministry of Corporate Affairs (MCA), Government of India, for maintaining and representing their registered office address incorrectly. The infractions’ specifics and their repercussions for the business are described below. Adjudicating Officer’s Appointment The MCA empowered the Registrar of Companies, Delhi, to decide on penalties under the…
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The Ministry of Corporate Affairs (MCA) recently took a stringent step against a non-compliance issue that many companies often overlook. the Ministry of Corporate Affairs (MCA) has penalized Shri Lal Mahal Infrastructure Private Limited for missing its Corporate Identification Number (CIN) on its Board Report and AGM Notice for the financial years 2014-15 and 2015-16….
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The Goods and Services Tax (GST) Council has announced four amnesty schemes for taxpayers in 2023. These schemes offer relief to taxpayers who have not filed various GST returns, including GSTR-4, GSTR-9 and GSTR-10. Additionally, they cover the regularization of orders related to the revocation of cancelled registrations and deemed withdrawal of assessment orders issued…
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Section 54 of the Income Tax Act in India provides provisions for claiming deductions on capital gains arising from the sale of a residential property if the proceeds are reinvested in purchasing or constructing another residential property. This section is primarily relevant for individuals looking to save on capital gains tax when they sell one…
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