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Limits of cash transactions
How much cash can be kept at home by any person legally? A: There is no such limit for cash to be kept at home. But, in case of any inquiry, you need to explain the source of such cash balance. Unexplained source can lead to a penalty up to 137% of cash balance. Q:
Read MoreRegistration of trust in India
Budget 2020 has bring in certain change with regards to charitable trust NGO and other entities that are required to get income tax registration under sec 12A or 10(23C). The purpose changes in the budget 2020 are special down as under: Fresh Application under the new Provisions of sec. 10(23C) or 12(AB) need to be
Read MoreACTIVE COMPANY TAGGING IDENTITIES AND VERIFICATION (ACTIVE)
Active Company Tagging Identities and Verification (ACTIVE).- Every company incorporated on or before the 31 December,2017 shall file the particulars of the company and its registered office, in E-Form ACTIVE (Active Company Tagging Identities and Verification) on or before 25.04.2019. If not filed than Company become “Active Non Compliant” After 25.04.2019 penalty of Rs.10,000 is
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