In this article we will discuss Creating a free business email address from Zoho Mail is an easy and straightforward process. With Zoho Mail, you can create a professional business email address with your own domain name and have complete control over your email. In this blog post, we will show you how to set up a free business email address with Zoho Mail.
Creating a free business email address with Zoho Mail is a great way to give your business a professional look and feel. With Zoho Mail, you can easily create a custom business email address and have complete control over your email.
Steps to Create Free Business Email From Zoho Mail
Step 1: Create a Zoho Mail Account
To get started, you’ll need to create a Zoho Mail account. You can do that by visiting the Zoho Mail website and clicking on the ‘Sign Up’ button. Then, you’ll need to enter your name, email, and create a password for the account.
Step 2: Choose Your Domain
Once you’ve created an account, you’ll be asked to choose a domain for your business email address. You can either choose a domain from the list of available domains or create your own custom domain.
Step 3: Enter Your Account Information
Once you’ve chosen a domain, you’ll need to enter your account information such as your name, email address, and password. Make sure to double-check that all the information is correct before proceeding.
Step 4: Verify Your Email Address
Once you’ve entered your account information, you’ll need to verify your email address. Zoho Mail will send a verification link to the email address you provided. All you have to do is click on the link and your business email address will be ready to use.
Step 5: Setup Your Business Email
Now that your business email address is verified, you can start setting it up. You can customize your email address by adding filters, labels, aliases, and more. You can also set up advanced features like auto-reply and vacation messages.
And that’s it! You’ve successfully created a free business email address with Zoho Mail. Now, you can start using your new business email address to communicate with customers, partners, and other stakeholders.
The Ministry of Corporate Affairs has launched a one time settlement scheme for LLP’s ” LLP Settlement Scheme 2020″ , This scheme allows one time settlement period for LLP such defaulting LLP’s that are not able to file Form3, Form4, Form8 and Form 11 within due date.
Non filing of LLP forms incur Additional fee of Rs. 100 per day with no maximum cap, with this there were lot’s of LLP’s missed the returns and now incurred huge additional fee.
Under the LLP settlement scheme 2020 these LLP can benefit by filing Form 3, Form 4, Form 8 and Form 11 from 16th of March 2020 to 13th of June 2020 with additional fee of Rs. 10 per day subject to maximum Rs. 5000 per form.
*MCA has made modifications to the Scheme and now Returns can be filed up to 30th Sept 2020 without any additional Fee
The LLP settlement Scheme is applicable to all defaulting LLP’s, for which documents and return which were due for filing till 31st October, 2019.
The Amendment to Settlement Scheme Extended the Due Date to 31st August 2020, so any default till 31st August 2020 can be filed with normal filing fee.
Which forms can be filed through LLP settlement Scheme 2020:
Under this scheme LLP can file its overdue returns since incorporation, Following forms can be filed under the scheme
(i.) Form-3- Information with regard to limited liability partnership agreement and changes, if any, made therein;
(ii.) Form-4- Notice of appointment, cessation, change in name/ address/ designation of a designated partner or partner and consent to become a partner/ designated partner;
(iii.) Form-8 -Statement of Account & Solvency (Annual or Interim);
(iv.) Form-11- Annual Return of Limited Liability Partnership (LLP).
Fee to be Paid for Filing Due/Pending Returns
Under the LLP settlement scheme 2020 these LLP can benefit by filing Form 3, Form 4, Form 8 and Form 11 from 01st April 2020 to 30th September 2020 without any additional fee.
Fastlegal provides LLP return Filing services, if you have any requirements , Please contact us at mail@fastlegal.in or call us at 9782280098
In this article share about the procedural aspects of recovery of debts due from the corporates under the insolvency and bankruptcy codeInsolvency and bankruptcy code provides that if the debt due to the corporate debtor (Company or LLP) is more than the amount of rupees one lakh than the operational creditor can send the demand notice for repayment of such debt and if no reply is received within a period of 10 days or there is no existence of dispute between the corporate debtor and operational creditor operational creditor may file and application for commencement of insolvency proceedings with NCLT upon corporate debtor under Section 9.
Step by step procedure to be followed for recovery of debt due from corporate debitor and application to nclt under section 9
Serving of demand notice by operational creditor
On the occurrence of a default, operational creditor may send demand notice to the debtor for the amount involved in the default.
Notice by corporate debtor to operational creditor within period of 10 days of the receipt of the demand notice for copy of the invoice demanding payment
once the corporate debtor receives a notice from the operational creditor either corporate debitor will make the payment to the invoice demand notice or if there is an existence of any dispute to the invoice he will intimate the same to the operational creditor, please note the disputes should be prior to the sending of notice.
Application by operational creditor to NCLT – if the payment has not been made by the corporate debit or there is no existence of dispute for payment between the operational creditor and corporate debtor then the operational creditor main file application to nclt for initiation of corporate insolvency resolution proceedings upon corporate debtor
Appointment of interem resolution professional
Acceptance of application by NCLT
Commencement of CIRP from the date of admission of application
Once the CIRP proceedings has been initiated upon the corporate debitor, the management of the corporate debtor goes with the insolvency professional that is interim resolution professional and the powers of the board of directors of the company gets suspended.
Consult with Fastlegal – Email us at mail@fastlegal.in
With the ease in incorporation procedure for Company , MCA has come out with another notification that waives off filing of form INC-12 for Section 8 Companies, form INC -12 was required to be filed to ROC after obtaining name approval of the Company for obtaining Licence for Section 8 Company. Once the Licence for Incorporation of Section 8 company is obtained , the Company Incorporation application in SPICE form can be filed.
Now MCA has substituted the Form INC -12 with SPICE form and SPICE form to be amended accordingly.
Further in case of draft memorandum , the word Memorandum , further this also eases the incorporation process , as draft MOA was required to be filed with INC-12 earlier when applying for section 8 Company licence.
In case of Existing Company Company wants to Apply for conversion into section 8 company , the form INC -12 will be required to file for Application for grant of License to an existing company under Section 8
A private limited company is the most accepted and popular business structure in India and is governed by the provisions of the Companies Act and rules made thereunder, to carry out business operations loan from director to company is the main source of debt funding private limited access.
In every type of business structure there are two main sources of funds that an organisation deals with, one is in the form of capital and other is in the form of loan or debt.
In case of a company accepting funds from the capital it has to issue shares, and if the company is accepting funds from loan there should be an agreement with respect to the terms and conditions assigned to the particular loan and the security provided for a given loan.
In this article we will discuss accepting loans from the directors of the company by a private limited company.
Please note that accepting any type of loans or money from any person in a private limited company falls under the provisions of companies acceptance of deposit rules 2014
“deposit” includes any receipt of money by way of deposit or loan or in any other form, by a company, but does not include –
“(viii) any amount received from a person who, at the time of the receipt of the amount, was a director of the company or a relative of the director of the Private company:
Provided that the director of the company or relative of the director of the private company, as the case may be, from whom money is received, furnishes to the company at the time of giving the money, a declaration in writing to the effect that the amount is not being given out of funds acquired by him by borrowing or accepting loans or deposits from others and the company shall disclose the details of money so accepted in the Board’s report;”
Loan from Director to Company
Step by step procedure for accepting loans from directors to Company
hold Board meeting and pass necessary resolution approving the limit up to which company can accept loans
The company is required to hold the board meeting and pass necessary resolution in this regard for approving the limit of loan up to which company can accept the loans.
Pass Resolution for Authorising Director to sign Necessary Terms and Conditions /Loan agreement for the loan
Accept at the time of giving the money, a declaration in writing to the effect that the amount is not being given out of funds acquired by him by borrowing or accepting loans or deposits from others
Credit of Funds to Company Bank Account
Compliance with Respect to Loan : If the Loan Agreement or Terms of Loan Contains clause relating to the conversion of this loan into equity then the company is required to file form mgt 14 within 30 days from the date of such agreement
Annual Compliance with respect to loan from Director to Company :
As this loan is exempted from the deposit, the company is required to file Form DPT -3 with the amount of loan accepted from Directors of the Company under the column, Items Not considered as Deposits
If you are into investing world, Finance or Owns a Company , you must hered about the equity Shares, in most party of world also called as comman stock, In this article we will discuss about what is Equity Share in Detail.
What is Equity Share
Equity Share is type of ownership instrument in body corporate – company, It provide holders ownership right and directly represent capital of company. Companies are owned by shares called Equity and provides voting rights to holders of equity in the process of decision making, while most of decisions are made by Board of Directors of Company , the Holders of equity shares are the one who appoints board of directors of their company at general Meeting.
Equity shares are liablity of the Company and are required to be paid back to the holders in case of winding up of the company , if there exists surplus cash that can be distributed once every other liabliity sets off.
For Publicly listed companies equity shares are listed for trading and anyone can buy and sell anytime of excanges.
For private limited companies , these shares are brought and sold through private agreements.
Companies distrubute profits to equity shareholders by way of dividend and valuation of shares majorly for listed shares depends on stock prices.
In this article, we will discuss the process of hedge fund Registration in India i.e. alternative investment fund in India with securities and exchange Board of India (SEBI)
Securities And Exchange Board Of India (Alternative Investment Funds) Regulations, 2012 mainly regulate the Hedge funds in India.
Meaning of Hedge fund and Alternative Investment Fund :
Hedge fund
“Hedge fund” means an Alternative Investment Fund which employs diverse or complex trading strategies and invests and trades in securities having diverse risks or complex products including listed and unlisted derivatives
“Alternative Investment Fund” means any fund established or incorporated in India in the form of a trust or a company or a limited liability partnership or a body corporate which,-
Is a privately pooled investment vehicle which collects funds from investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors; and
Is not covered under the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 or any other regulations of the Board to regulate fund management activities:
Provided that the following shall not be considered as Alternative Investment Fund for the purpose of these regulations,-
family trusts set up for the benefit of ‘relatives’ as defined under Companies Act, 2013;
ESOP Trusts set up under the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 or as permitted under Companies Act, 2013;
employee welfare trusts or gratuity trusts set up for the benefit of employees;
’holding companies’ as defined under sub-section 46 of section 2 of Companies Act, 2013;
other special-purpose vehicles not established by fund managers, including securitization trusts, regulated under a specific regulatory framework;
funds managed by securitisation company or reconstruction company which is registered with the Reserve Bank of India under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002; and
Any such pool of funds which is directly regulated by any other regulator in India;
How to Register Hedge Fund or Alternative Investment Fund with SEBI
Choosing Category for Hedge Fund or Alternative Investment Fund with SEBI
SEBI under alternative investment funds regulations has prescribed the three types of the categories for the alternative investment fund for hedge funds registration under which they can seek registration depending upon the activities of the fund
Categories for Hedge Funds or Alternative Investment Funds
“Category I Alternative Investment Fund” which invests in start-up or early stage ventures or social ventures or SMEs or infrastructure or other sectors or areas which the government or regulators consider as socially or economically desirable and shall include venture capital funds, SME Funds, social venture funds, infrastructure funds.
Explanation.─ For the purpose of this clause, Alternative Investment Funds which are generally perceived to have positive spillover effects on economy and for which the Board or Government of India or other regulators in India might consider providing incentives or concessions shall be included and such funds which are formed as trusts or companies shall be construed as “venture capital company” or “venture capital fund” as specified under sub-section (23FB) of Section 10 of the Income Tax Act, 1961
“Category II Alternative Investment Fund” which does not fall in Category I and III and which does not undertake leverage or borrowing other than to meet day-today operational requirements and as permitted
Explanation.─ For the purpose of this clause, Alternative Investment Funds such as private equity funds or debt funds for which no specific incentives or concessions are given by the government or any other Regulator shall be included
“Category III Alternative Investment Fund” which employs diverse or complex trading strategies and may employ leverage including through investment in listed or unlisted derivatives. Explanation.─ For the purpose of this clause, Alternative Investment Funds such as hedge funds or funds which trade with a view to make short term returns or such other funds which are open ended and for which no specific incentives or concessions are given by the government or any other Regulator shall be included
Choosing and Setting up Structure of Hedge Fund or AIF:
Which Fund Investment funds can be formed either of the following:
Trust
Partnership
Limited Liability Partnership
Private Limited Company
Eligibility Criteria for Hedge Fund Registration in India
The memorandum of association in case of a company; or the Trust Deed in case of a Trust; or the Partnership deed in case of a limited liability partnership permits it to carry on the activity of an Alternative Investment Fund
The applicant is prohibited by its memorandum and articles of association or trust deed or partnership deed from making an invitation to the public to subscribe to its securities
In case the applicant is a Trust, the instrument of trust is in the form of a deed and has been duly registered under the provisions of the Registration Act, 1908
In case the applicant is a limited liability partnership, the partnership is duly incorporated and the partnership deed has been duly filed with the Registrar under the provisions of the Limited Liability Partnership Act, 2008
In case the applicant is a body corporate, it is set up or established under the laws of the Central or State Legislature and is permitted to carry on the activities of an Alternative Investment Fund
The applicant, Sponsor and Manager are fit and proper persons based on the criteria specified in Schedule II of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008
The key investment team of the Manager of Alternative Investment Fund has adequate experience, with at least one key personnel having not less than five years experience in advising or managing pools of capital or in fund or asset or wealth or portfolio management or in the business of buying, selling and dealing of securities or other financial assets and has a relevant professional qualification
The Manager or Sponsor has the necessary infrastructure and manpower to effectively discharge its activities
The applicant has clearly described at the time of registration the investment objective, the targeted investors, proposed corpus, investment style or strategy, and proposed tenure of the fund or scheme
Whether the applicant or any entity established by the Sponsor or Manger has earlier been refused registration by the Board
Information Required for Making Application for Hedge Fund Registration in India
In case the applicant is a Trust:
1. Write-up on the activities of the applicant
2. Whether the Trust Deed is registered under the provisions of the Registration Act, 1908. (Enclose relevant extract of the Registered Trust Deed)
3. Whether the Trust Deed permits the carrying on of the activity of an Alternative Investment Fund
4. Whether the applicant is prohibited by its trust deed from making an invitation to the public to subscribe to its units;
5. Provide details of Trustees/ Trustee Company as below:
a. Whether Trustee is an individual or a Trustee company.
b. Name, registered office address, telephone number(s) and fax number(s) of the Trustees/ Trustee Company.
c. Name, direct line number, mobile number and e-mail of the contact person(s).
d. Identity and Address proof of Trustees/ Directors of the Trustee Company
e. Whether the Trustee Company is registered with Board, Reserve Bank of India or any other regulatory authority in any capacity along with the details of its registration.
f. Brief write up on the activities of the Trustee Company/ Profile of Trustees.
II. In case applicant is a Company:
1. Write-up on the activities of the applicant
2. Shareholding pattern and profile of the directors (Enclose Identity proof and address proof of the directors)
3. Whether the Memorandum of Association permits carrying on of the activity of an Alternative Investment Fund (Enclose relevant extract of the Memorandum of Association)
4. Whether the applicant is prohibited by its memorandum and articles of association from making an invitation to the public to subscribe to its securities;
III. In case applicant is a limited liability partnership:
1. Write-up on the activities of the applicant
2. Beneficial ownership pattern and profile of the partners (Enclose Identity proof and address proof of the partners)
3. Whether the partnership deed is duly filed under the provisions of the Limited Liability Partnership Act, 2008 and permits carrying on of the activity of an Alternative Investment Fund (Enclose relevant extract of the Partnership Deed)
4. Whether the applicant is prohibited by its partnership deed from making an invitation to the public to subscribe to its securities;
IV. In case applicant is a Body Corporate
1. Write-up on the activities of the applicant
2. Shareholding pattern and profile of the directors (Enclose Identity proof and address proof of the directors)
3. Whether the applicant is set up or established under the laws of the Central or State Legislature
4. Whether the applicant is permitted carrying on of the activity of an Alternative Investment Fund (Enclose relevant extract of the relevant Statute/Act)
5. Whether the applicant is prohibited by its memorandum and articles of association from making an invitation to the public to subscribe to its securities;
Details of Sponsor and Manager of Fund :
Name, address of registered office, address for correspondence and principal place of business, telephone number(s), fax number(s), e-mail address of the sponsor.
Name, direct line number, mobile number and e-mail of the contact person(s)
Legal status of the sponsor (whether sponsor(s) is/are individual/company/limited liability partnership/body corporate) and date and place of incorporation/ establishment, wherever applicable.
In case of Sponsor being individual(s), provide a brief profile of the Sponsor including professional qualification. In case of Sponsor(s) being other than individual, write up on shareholding pattern/ Partnership interests and profile of the directors/partners including their professional qualification.
Identity proof and address proof of the Sponsor (if sponsor is an individual)/ directors of Sponsor(is sponsor is a company)/ partners of the Sponsor (if sponsor is an limited liability partnership).
Whether the Sponsor or its director(s)/ partner(s) is/are registered with the Board.
Details of past experience of the Sponsor(s) in advising or managing pools of capital or in fund or asset or wealth or portfolio management or in the business of buying, selling and dealing of securities or other financial assets.
Copies of the financial statements for the previous financial year (i) Whether the Sponsor has floated any Alternative Investment Funds/ Venture Capital Funds previously, which are registered with the Board. If yes, details of the same.
Meaning of Sponsor :
“sponsor” means any person or persons who set up the Alternative Investment Fund and includes promoter in case of a company and designated partner in case of a limited liability partnership
Meaning of Manager :
“manager” means any person or entity who is appointed by the Alternative Investment Fund to manage its investments by whatever name called and may also be same as the sponsor of the Fund
Details Of Business Plan And Investment Strategy for Hedge Fund Registration in India
Investment objective and investment style/ strategy of the fund.
The target investors
The target industries/ sectors, if any
Proposed corpus
Proposed fees to the Sponsor and Manager
Tenure of the fund or scheme
Details of proposed use of leverage in case of Category III Alternative Investment Fund
Amount To Be Paid As Fees for Hedge Fund Registration in India
Application fee Rs.1,00,000
Registration fee for Category I Alternative Investment Funds other than Angel Funds Rs. 5,00,000
Registration fee for Category II Alternative Investment Funds other than Angel Funds Rs.10,00,000
Registration fee for Category III Alternative Investment Funds other than Angel Funds Rs.15,00,000
Scheme Fee for Alternative Investment Funds other than Angel Funds `1,00,000 Re-registration Fee Rs.1,00,000
Registration Fee for Angel Funds Rs.2,00,000
The fees specified above shall be payable by way of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI or by bank draft in favour of “The Securities and Exchange Board of India” at Mumbai
Investment Conditions And Restrictions for Hedge Fund in India
Investment in all categories of Alternative Investment Funds shall be subject to the following conditions:-
The alternative investment fund may raise funds from any investor whether Indian, foreign or non-resident Indians by way of issue of units;
Each scheme of the alternative investment fund shall have a corpus of at least twenty crore rupees;
The alternative investment fund shall not accept from an investor, an investment of value less than one crore rupees
In the case of investors who are employees or directors of the alternative investment fund or employees or directors of the manager, the minimum value of investment shall be twenty-five lakh rupees.
the manager or sponsor shall have a continuing interest in the alternative investment fund of not less than two and a half percent of the corpus or five crore rupees, whichever is lower,
In the form of investment in the alternative investment fund and such interest shall not be through the waiver of management fees
For category iii alternative investment fund, the continuing interest shall be not less than five percent of the corpus or ten crore rupees, whichever is lower.
The manager or sponsor shall disclose their investment in the alternative investment fund to the investors of the alternative investment fund;
No scheme of the alternative investment fund shall have more than one thousand investors
provisions of the companies act, 2013 shall apply to the alternative investment fund, if it is formed as a company
Application to SEBI for Hedge Fund Registration in India
The Application for Registration is required to be made in Form A to SEBI along with the Required application Fee and documents
Consideration of Application by SEBI
Once the proper Application is submitted to SEBI, SEBI will examine the Application and may ask for further information and if deems fit will approve or reject the Application
Certification of Registration for Hedge Fund by SEBI
Once the applicant is approved and applicant has deposited necessary fee , SEBI will grant Certificate to Applicant to carry on Activities of Hedge Fund or Alternative Investment Fund.
Tax Deducted at Source (TDS) is a means of collecting income tax in India, under the Indian Income Tax Act of 1961. TDS is managed by the Central Board for Direct Taxes (CBDT) and is a part of the Department of Revenue managed by the Indian Revenue Service (IRS). It is a method of minimizing tax evasion by deducting tax at the point of income payment.
In this guide, we’ll cover the steps you need to follow for monthly TDS payments, filing of TDS returns, and we’ll provide a list of sections along with the rates of TDS.
Step-by-Step Tutorial on Monthly TDS Payments
TDS payments are typically due on the 7th of the next month. For example, TDS for the month of April would be due on or before May 7th.
Steps for Monthly TDS Payment:
Calculate TDS: Determine the amount that needs to be deducted as TDS from the payments made during the month.
Make Payment Online:
Visit the official website of the Tax Information Network of the Income Tax Department.
Go to the e-Payment section and select the relevant challan i.e., ITNS 281.
Fill in the necessary details like PAN/TAN, the applicable section, nature of payment, the period for which payment is made, and the amount of TDS.
Select the bank through which payment will be made and proceed to pay.
Generate Challan 281: After successful payment, a challan counterfoil will be displayed containing CIN (Challan Identification Number), payment details, and bank name through which e-payment has been made. This challan is proof of payment.
Late Payment Interest: If the TDS payment is delayed, interest will have to be calculated and paid for the period of delay.
Filing of TDS Returns
TDS returns must be filed quarterly. There are different forms for different purposes, such as Form 24Q for salaries, Form 26Q for non-salary deductions, and so on.
Steps for Filing TDS Returns:
Prepare Return: Gather all the TDS certificates and challans for the quarter.
Use Return Preparation Utility (RPU) & File Validation Utility (FVU):
Download the latest RPU and FVU from the NSDL website.
Prepare the return using RPU and validate it through FVU.
Correct Errors: If there are any errors, rectify them and validate again.
Submit Return: Once the return is error-free, it can be submitted online through the e-filing portal of the Income Tax Department.
Verification: After submission, the return must be verified. This can be done via digital signature or by generating an EVC (Electronic Verification Code) through net banking.
Acknowledgment: Upon successful submission and verification, an acknowledgment form – Form 16A/16B/16C will be generated. This serves as proof of filing.
List of Sections and Rates of TDS
Here is a simplified list of some common sections of the Income Tax Act and their corresponding TDS rates for the financial year 2023-24:
Section 192: TDS on salary income; the rate as per the individual’s income tax slab.
Section 193: TDS on interest on securities; 10%.
Section 194: TDS on dividend income; 10% if the dividend exceeds INR 5,000.
Section 194A: TDS on interest other than securities (e.g., bank interest); 10% if interest exceeds INR 40,000 (INR 50,000 for senior citizens).
Section 194C: TDS on payment to contractors and sub-contractors; 1% for individuals/HUF, 2% for others if payment exceeds INR 30,000 per contract or INR 1 lakh in aggregate in a year.
Section 194D: TDS on insurance commission; 5% for residents, 20% for non-residents.
Section 194H: TDS on commission or brokerage; 5% if exceeding INR 15,000 per annum.
Section 194I: TDS on rent; 2% for plant & machinery, 10% for land or building or furniture or fitting.
These steps and rates provide a general guideline and could change based on the government’s budgetary updates. It is always advisable to consult the official income tax website or a tax consultant for the latest updates and professional guidance.
As per rule 12A of the Companies (Appointment and Qualification of Directors) Rules 2014, “every individual who has been allotted a Director Identification Number (DIN) as on 31st March of a financial year as per these rules shall, submit e-form DIR-3-KYC to the Central Government on or before 30th April of immediate next financial year. Provided that every individual who has already been allotted a Director Identification Number (DIN) as at 31st March, 2018, shall submit e-form DIR-3 KYC on or before 5th October,2018.”
However, the DIR-3 KYC e-form presently available on the portal does not cater for the following: (i) Filing on annual basis, and (ii) Filing in respect of DINs allotted post 31 March 2018. It presently caters only to those individuals who were allotted DINs as on 31st March 2018 and whose DINs have been marked as ‘Deactivated due to non-filing of DIR-3 KYC’. Stakeholders may please note that DIN holders are required to file the DIR-3 KYC form every year, so that they are aware of and confirm the data & information as available in the MCA21 system.
With the objective of making the form more user friendly, the form is presently being modified to enable pre-filling of data & information so that annual filings can be done by DIN holders in a simple and user friendly manner.
The revised form, which will be shortly deployed, can be filed without any fee within a period of 30 days from the date of deployment. Accordingly, DIN holders who had filed DIR-3 KYC form earlier and complied with the said provisions may kindly await the deployment of the modified form for fulfilling their compliance requirements.
The government has extended the deadline for filing income tax returns for assessee whose accounts are required to get audited to 15th of February, 2021 for assessment year 20-21.
While filing the tax audit report have been limited to 15th of January only.
The income tax India Twitter handle announce the extension of the deadline for filing income tax returns, the income tax returns for the individual taxpayers whose accounts are not required to be audited has been extended to 10th of January 2021
