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The Central Board of Direct Taxes (CBDT), which is part of the Ministry of Finance, has announced new changes to the income tax rules. This announcement, known as the Income-tax (Seventeenth Amendment) Rules, 2025, was made on May 7, 2025, through Notification No. 45/2025. The formats of ITR-V (Verification Form) and ITR-Acknowledgement under Rule 12 […]
The Telangana High Court stated that GST show cause notices and orders lacking the proper officer’s signature cannot withstand judicial scrutiny. The Division Bench of Acting Chief Justice Sujoy Paul and Justice Renuka Yara noted that “since Rule and prescribed Forms mandate requirement of signature of Proper Officer, its violation makes the notice/order vulnerable. Any […]
LLP Form 23 is an application filed with the Regional Director by any entity to obtain a direction to change the name of an existing Limited Liability Partnership (LLP). This Application can be made by any LLP, Company and Proprietor of a Registered Trademark which already has a trademark or too resembles of name or […]
It was carried by the Gauhati High Court that the Show cause notice issued before the taxpayer under section 73 of the Central Goods and Services Tax Act, 2017, the Statement issued with the SCN as well as an Order passed u/s 73(9) must mandatorily be signed via the authorised Officer. Justice Soumitra Saikia noted […]
With the Goods and Services Tax (GST) implementation on July 1, 2017, businesses in India have experienced a thrilling shift. The same amendment has substituted a complex system of various indirect taxes with a single tax structure (One Nation, One Tax), particularly impacting cost, compliance, and functional effectiveness. GST objectives were to improve the operation […]
What is Form 29B? Section 115JB of the Income Tax Act mentions that Form 29B is significant to evaluate the book profits of the company. Through this form, you are enabled to compute the book profit to claim the Minimum Alternate Tax (MAT) credit. The same form is required to be provided by the Chartered […]
A new feature has been launched by the Income Tax Department on its e-filing portal to allow rectification requests to the AO for incorrectly filed ITRs. This option enables taxpayers to submit rectification applications for assessment orders issued by the AO under Section 154 of the Income Tax Act, 1961, directly to their Assessing Officer […]
The MCA LLP 5 form serves as a vital compliance requirement mandated by the Limited Liability Partnership (LLP) Act of 2008. This form is essential for officially documenting any changes to the name of an LLP, ensuring that such modifications are legally and appropriately recorded. By submitting the Limited Liability Partnership Form 5, LLPs not […]
For entrepreneurs searching to set up a formal enterprise entity, registering a company in India is a significant step. This process not only grants legal recognition to the venture but also unlocks opportunities for growth, investment, and enhanced credibility in a competitive market. Proper registration is key to ensuring compliance with regulatory requirements and safeguarding […]
