Compliance

Allowance Under Salary

Mar 1, 2023AccstraAllowance Under SalaryCompliance, partnership

Definition of Allowance U/S 10 of Income Tax Act 1961. House Rent Allowance — Section 10(13A) Prescribed special allowances — Section 10(14) Entertainment Allowance – Section 16 (ii) Format for Computation of Income from Salary Allowances are given to employees for their services or as compensation for working in unusual conditions. Section 10 of the…

RCM under GST

Jan 10, 2023AccstraRCM under GST, UncategorizedCompliance, Director Partnership, MCA, partnership, Private Limited

Introduction. Flow of GST. Reverse Charge. Liability to Pay under RCM Time of Supply of Services under Reverse Charge. Input Tax Credit Introduction : Under GST, usually the supplier of goods or services has to pay the tax to the Government. However, under the Reverse Charge Mechanism, the liability to pay GST is cast on…

COMPANIES FRESH START SCHEME – 2020

Aug 18, 2020Accstra20 CommentsCompanies Act 2013, MCA Filing, UncategorizedCompliance, Directors, MCA, Private Limited

The Ministry of Corporate Affairs has launched a scheme known as “Companies Fresh Start Scheme, 2020” condoning the delaying filing the documents with Registrar, it relates to the waiver of additional fees & granting of immunity from launching of prosecution or proceedings for imposing penalty on account of delay associated with certain filings. Why CFSS…