Ministry of Corporate Affairs (MCA) allowed companies to make a Fresh Start and be current with the tax, regulatory compliance norms through a scheme called Companies Fresh Start Scheme (CFSS – 2020) announced on 30th Mar 2020.
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LLP Settlement Scheme 2020 shall allow a one-time condonation of delay in filing statutorily required documents with the Registrar.
To improve ‘ease of starting’ initiative, the latest communication from MCA Portal is that an additional form AGILE-PRO form is also replacing the current INC-35 Form in the process of new company registration.
Income Tax Department has launched new procedure to request e-PAN (also known as instant PAN) for IT Filing and other uses. It’s similar to Physical PAN Copy that we use but an electronic Copy in a PDF format with both demographic, biometric information embeded in an enhanced QR code
Every year Ministry of Corporate Affairs (MCA in short) making amendments to Companies (Amendment) Act, 2015 to improve “ease of doing business” (‘EODB’) while stringent measures are taken to increase the overall company compliance to reduce fraud, eliminate shell companies. MCA has issued a new notification that was primarily focused on the ease of starting a business (‘EOSB’).
The Government has decided to ease the process of filing GST Returns after considering the difficulties faced by trade and industry. To avoid last minute rush by taxpayers and crashing of GST portal, the Government has come up with these measures. A compilation from Team EZTax.in