DPT-3 form is a one-time return form of loans that need to be filed by a company that has outstanding loans not treated as deposits. According to the latest Ministry of Corporate Affairs (MCA) Amendments, it is mandatory for all the companies excluding the Government Companies to file a onetime return for the outstanding receipts of money which are the loan of the company but are not considered deposits. How… Read More »ROC Compliance-DPT 3 & MSME 1
Tax audit leads to the verification of the books of accounts maintained by a taxpayer. Its purpose is to validate the income tax computation made by the taxpayer in the ITR (income tax return) and to ensure compliance with the laws of Income Tax. Auditing of books of accounts need to be carried out by a certified Chartered Accountant. Who Required a Tax Audit? A tax audit is essential for… Read More »Who Is Required to Get Tax Audit?
Dividends are not free money — they are commonly taxable income but when and how you own an investment that pays them can adequately and dramatically change the dividend tax rate you pay. There is a number of exceptions & unusual scenarios with special rules. An Individual may receive a dividend from their equity or mutual fund investments. The dividends received were tax-exempt until 31 March 2020 i.e. FY 2019-20.… Read More »All About Income Tax on Dividends Income