Year: 2025

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 […]

XBRL and its Applicability under Companies Act, 2013 XBRL is a language for the communication of financial and business data electronically used for business reporting around the world. XBRL means extensible Business Reporting Language. The XBRL filing provides benefits in analysing, preparing, and communicating business information. The Ministry of Corporate Affairs (MCA) introduced XBRL filing […]

Understanding Writs: The Pillars of Judicial Remedies The Indian Constitution empowers citizens with strong legal remedies to protect their fundamental and legal rights. One of the most significant tools available is writs—formal written orders issued by courts to ensure justice is upheld. These writs serve as an essential safeguard against violations of individual rights and […]

Company Authorized Capital Increase Each business needs more funds over time to run business. These funds can be required on a long- and short-term basis. A short-term need can be satisfied by taking loans and advances. But in the long run, the company will require more funds. For a Private Limited Company, this can be […]

Compliance Guidelines for Provident Fund (PF) and Employee State Insurance Corporation (ESIC) Ensuring compliance with Provident Fund (PF) and Employee State Insurance Corporation (ESIC) regulations is a crucial responsibility for employers in India. These schemes provide social security benefits to employees, and adhering to the rules helps avoid penalties while safeguarding employee welfare. Overview of […]