The Ministry of Corporate Affairs vide its notification dated 22nd January, 2019 has brought in amendments in the Companies (Acceptance of Deposit) Rules, 2014. The said Rules now mandate every company to file e-form DPT-3 irrespective of whether it has accepted deposits or not. Continue reading “Return of Deposits to be Filed by Every Company in E-form DPT-3”
Filing of MSME Form 1 with MCA
The Ministry of Corporate Affairs (MCA), on the 22nd of January 2019, notified a requirement for companies that have dues outstanding to MSME enterprises to file the particulars of all current outstanding dues to the concerned Micro and Small Enterprises in Form MSME 1. The filing of such returns comprises of two parts, namely initial returns (MSME-1) and half-yearly return (MSME-2). Continue reading “Filing of MSME Form 1 with MCA”
Submitting Tax Saving Proofs to Employer
Why Employers Ask for Tax Saving Investment Proofs?
Employers are responsible to deduct income tax (TDS – Tax deduction at source) from salary paid to its employees and deposit the same to income tax department. But income tax is complicated and the final tax depends on the tax saving investments a person makes or if the person lives on rent or if he has a house. So to compute your taxes correctly your employer asks for a declaration at the start of financial year (in April). The TDS is deducted based on this declaration. Continue reading “Submitting Tax Saving Proofs to Employer”