For corporate CFOs, enterprise owners, and finance heads preparing for tax audit season, recent statutory updates have shifted how business expenses are claimed. The spotlight during audit reviews centers on Section 43B(h) of the Income Tax Act. This provision links expense deductions directly to timely vendor payments made to Micro and Small Enterprises (MSEs). If […]
For corporate leadership, finance directors, and compliance managers running enterprises across India’s major commercial corridors—from DLF Cyber City to Golf Course Road and Udyog Vihar—the landscape of secretarial compliance has shifted permanently under the Ministry of Corporate Affairs’ MCA V3 system. Gone are the days when filing errors or delayed submissions could sit in administrative […]
In awake of Omicron and Covid and the request from various stakeholders all over Ministry of corporate affairs has come up with extension for Filing of Annual Return and Filing of Financial statements up to 28th February 2022 and 15th February 2022 respectively. No additional fees apart from Normal Filing Fees shall be levied if the […]
The Ministry of Corporate Affairs (MCA), taking into account the many difficulties faced due to second wave of Covid-19 and consequent lockdowns in the country extended the due date for conducting the Annual General Meeting (AGM) by the companies. As per Section 96 of the companies Act, 2013 every company should hold at least one […]