Payments not made within 45 days will only be allowed in the year of payment. Therefore, even if an April bill is paid in March, it will be allowed as it falls within the year of payment.
Consequently, only bills outstanding as of February 15th, not paid before March 31st, need to be disallowed.
When the agreement value exceeds 65 lakhs but only 5 lakhs is paid upfront, with the remaining amount to be paid in 12 monthly installments, what are the buyer's obligations regarding TDS deduction at the time of upfront payment and monthly payments?
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Seeking advice on an issue with MCA V3 form payment made via NEFT mode through the BharatKosh Portal on 05-02-24. Although the UTR number has been entered on the BharatKosh Portal for this payment, the status of the challan remains as 'Transaction yet to be verified' even after approximately 3 days.
I've attempted to contact the BharatKosh helpline number and through email, but have not received any response yet.
Any suggestions or probable solutions to resolve this would be greatly appreciated.
A situation has arisen involving a public limited company's intention to purchase a policy for its directors. The agreement entails that the director will dedicate a minimum of 10 years to the company's service, during which the company will cover the policy premium. This expense will be reflected in the company's profit and loss statement as a legitimate deduction under the Income Tax Act.
Throughout the initial 10-year span, the company retains ownership of the policy. After this period, ownership transfers to the employee-director. Consequently, all policy benefits accrue to the employee.
In this context, my query pertains to the calculation of the director's remuneration. Specifically, should the payment of the policy premium be included as part of the director's overall compensation package?
When attempting to make a payment for filing a trademark application, I encounter an error message stating, 'Please check XML file or digital signature.' This issue has persisted for the past week, and despite trying various solutions, I have been unable to resolve it. What steps can I take to troubleshoot and overcome this error?
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Can the services of Payment Aggregators (PA) be used for loan disbursals and repayments?
Hi Professional!!
Whether the tenants are also required to pay GST on the rent ?
If yes, is there any condition or relief on paying GST ?
Hi all,
What laws relating to the payment of dividend are applicable to the company and the shareholder?
Hello everyone
What are the precautions that I should take while filling up the tax payment challan?
Hi Everybody!
Under IBC there is a provision that the financial creditors who have voted against the resolution plan shall be paid in priority of the financial creditors who have voted in favor of the resolution ?
Is this statement is valid ? If yes, what is the purpose served behind this provision ?
Hey Friends,
Is there any relaxation in stamp duty payment in
incorporation of a Section 8 Company?
Regards,
Vidushi Rohatgi
If we filed INC-20A for Company on 182nd day with a late fee of 600/- but the subscriber paid money within 180 days.
Is it non compliances ?