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Compliance Calendar June 2022

Income Tax Act, 1961 Due date Form to be filed For the period Particulars of compliance 07/06/2022 Challan No. ITNS-281 May, 2022 Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 14/06/2022 TDS Certificate April, 2022 Due date for issue of TDS Certificate for tax deducted under section 194-IB/194M/194-IA in the month of […]
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Annual Information Statement (AIS)

What is Annual Information Statement (AIS)? Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form 26AS. It is newly introduced by the Income Tax Department as a new version of the 26 AS. During preparation of AIS, information processing is required to display complete and accurate information to the […]
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Limited Liability Partnership (LLP)

What is Limited Liability Partnership (LLP)? LLP stands for Limited Liability Partnership. It is an alternative corporate business form which offers the benefits of limited liability to the partners at low compliance costs. It also allows the partners to organize their internal structure like a traditional partnership. A limited liability partnership is a legal entity, […]
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FORM DIR-3 E-KYC (Application for KYC of Directors)

What is DIR-3 E-KYC? DIR–3 Form was previously used in order to obtain Director Identification Number. Since the new company incorporation rules are introduced, DIN is automatically issued under SPICe Form. DIR-3 eKYC is introduced by Ministry of Corporate Affairs to conduct KYC (know your customer) verification for Directors of all companies. Such filing is […]
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Overview of Private Limited Company

What is Private Limited Company? A private limited company is a company privately held for small businesses. This type of business entity limits owner liability to their shareholdings, the number of shareholders to 200, and restricts shareholders from publicly trading shares. According to that, private companies are those companies whose articles of association restrict the […]
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