Month: February 2025

Section 55 of the Companies Act, 2013 (‘Act’) read with Rule 9 of the Companies (Share Capital and Debentures) Rules, 2014 allows a Company to issue redeemable preference shares. Section 55(1) puts ban on issuance of irredeemable preference shares. Term of Redeemable Preference Shares According to Section 55(2) of the Act, a Company limited by […]

When purchasing a property, one of the most crucial documents that homeowners must check is the Occupancy Certificate (OC). This certificate is issued by the local municipal authority and serves as proof that the building is legally constructed and safe for occupancy. Without an OC, homeowners may face legal and financial complications in the future. […]

When it comes to taxation, businesses must navigate multiple compliance requirements, and two of the most critical ones are Tax Deducted at Source (TDS) and Tax Collected at Source (TCS). The Income Tax Act has provisions for these mechanisms to ensure tax is collected at the point of income generation. Specifically, Section 194Q governs TDS […]

Meaning of DIN or DPIN DIN: Director Identification Number (DIN) is a unique Identification Number allotted to an individual who is appointed as a director of a company, upon making an application in form DIR-3 pursuant to sections 153 & 154 of the Companies Act, 2013. DPIN: Designated Partner Identification Number (DPIN) is a registration […]

The introduction of Section 194T in the Income Tax Act, 1961, effective April 1, 2025, mandates Tax Deducted at Source (TDS) on payments made by partnership firms and LLPs to their partners. Scope and Key Provisions Section 194T applies to: Salary, Remuneration, Commission, Bonus, and Interest on Capital Contributions Excludes Capital Repayment or Partner Withdrawals […]

Tax Deducted at Source (TDS) under Section 194J of the Income Tax Act governs the deduction of tax on professional and technical service fees. Effective 1st April 2025, certain changes have been proposed in the Union Budget 2025, impacting businesses, professionals, and taxpayers. Understanding these modifications will help in maintaining compliance and avoiding penalties. 1. […]

Tax Deducted at Source (TDS) is a crucial compliance requirement for businesses and individuals making specified payments under the Income Tax Act, 1961. Filing TDS returns correctly and on time ensures smooth financial operations, avoids penalties, and maintains regulatory compliance. If you are based in Delhi NCR, finding professional TDS return filing services can help […]

“We, the people of India, having solemnly resolved to constitute India into a Sovereign, Socialist, Secular, Democratic Republic and to secure to all its citizens: Justice, social, economic and political; Liberty of thought, expression, belief, faith and worship; Equality of status and of opportunity; and to promote among them all Fraternity assuring the dignity of […]

Procedure for issuance of Compulsory Convertible Debentures: Step Particulars What needs to be done (indicative) 1 Notice for board meeting Issue notice to convene meeting of board of directors of Company as per prescribed secretarial standard 1. Assuming, there is no restriction in the AOA of Company to hold meeting, such meeting can be convened […]

Importance of Allotment Letter under RERA The allotment letter is a crucial document in real estate transactions, especially under the Real Estate (Regulation and Development) Act, 2016 (RERA). It serves as an official confirmation from the builder or developer that a particular unit has been allotted to the buyer. This document plays a significant role […]