Taxnotion Blog page 2

Due date of filing Income Tax Return for Financial Year 2014 -15

As per the provisions of Section 139 of Income Tax Act, 1961, the due date of filing income tax return for financial year 2014-15 relevant assessment year 2015-16 for all …

Amendment in Service Tax rate and its implication w.e.f. 01st June, 2015

1. What is the new rate of service tax? New rate of service tax is a consolidated rate which is 14%. 2. What is effective date of applicability? New rate …

Black Money Bill: Lok Sabha passes undisclosed foreign income and assets bill

Lok Sabha has passed undisclosed foreign income and assets bill to curb black money. This bill is meant for those who have unaccounted assets and incomes outside India. The Bill …

Fast Track incorporation of companies in India – now register in 2 days

Ministry of corporate affairs (MCA) has introduced fast track procedure incorporation of companies in India. MCA has introduced new e-form INC-29 that deals with single application for allotment of DIN, reservation …

How to incorporate Wholly Owned Subsidiary Company in India?

This article is intended to those companies or start-ups who have registered their companies outside India and wants to operate in India as a part of foreign company. We advise …