Sukh Dev & Associates

15/04/2019

DIR-3 KYC

22/12/2018

30/11/2018

Institute of Company Secretaries of India (ICSI) signs MoU with LPU
A Memorandum of Understanding (MoU) has been signed between the prestigious professional body of company secretaries, the Institute of Company Secretaries of India (ICSI), and Lovely Professional University (LPU), today, at LPU Campus. Following MoU, ICSI would facilitate the conduct of specialized training programme in LPU for faculty members, research scholars and students in areas of mutual interest by providing experts. LPU would also share the expertise of its faculty members as resource persons for training programmes or workshops organized by ICSI. Both explored the opportunity for starting a new MBA Programme in Legal Affairs & Governance. In addition, LPU will also facilitate CS qualified professionals to pursue PhD at LPU.Prior to this MoU, its President CS Makarand Lele had asked LPU for mutual co-operation and recognition of ‘Company Secretary’ as a qualification equivalent to Post Graduate degree for pursuing PhD programme at LPU. He also underlined that ICSI has a full-fledged Academic and Research Wing and encourages its members to undertake research. He also informed that 56 universities across the country are already recognizing CS degree for pursuing PhD.

On the occasion of signing ceremony, Secretary ICSI, CS Ashok Kr Dixit; CS Satwinder Singh; CS Dinesh Gupta; CS Prof Vijay Gupta; CS Aman Setia; CS Pallavi were present from ICSI; whereas, from LPU Pro Chancellor Mrs Rashmi Mittal; Vice Chancellor Prof Dr Ramesh Kanwar; Executive Dean Dr Sanjay Modi; Senior Dean & Registrar Dr Monica Gulati; and, Dr Ramesh Thakur graced the memorable endeavour. Working jointly, both LPU and ICSI will also organize specialized programmes ‘Teacher Congruence’ and ‘Training of Trainers’ for mutual advantage. MoU will also lead to exemptions in university subjects for the students of ICSI in topics like corporate governance.Highlighting, with motto ‘Speak the Truth, Abide by Law’, ICSI is a statutory professional body under the jurisdiction of Ministry of Corporate Affairs, Government of India. With objective of promoting, regulating and developing the profession of company secretaries in India, it has four Regional offices in New Delhi, Mumbai, Kolkata, Chennai.

15/11/2018

As per Companies (Registered Valuers and Valuation) Fourth Amendment Rules 2018,
Company Secretaries, Chartered Accountants & Cost Accountants having experience of at least 3 years, shall be able to act as Registered Valuer of Securities or Financial Assets.
Note: Now no need to have an additional graduate or post graduate degree along with Professional degree for becoming a Registered Valuer.

22/07/2018

The Central Board of Direct Taxes (CBDT), today clarified that the rumors spreading across in social media regarding extension in due date for non-tax audit cases is fake. The Income Tax department further clarified that there are no such plans to extend this deadline beyond 31st July, 2018.

The CBDT missive said that the department has already received over 1 crore returns filed electronically.

As per Section 234F of the Income Tax Act, from 1st April 2018, the penalty for late filing income tax return would be as follows: (a) five thousand rupees, if the return is furnished on or before the 31st day of December of the assessment year; (b) ten thousand rupees in any other case: Provided further that if the total income of the person does not exceed five lakh rupees, the fee payable under this section shall not exceed one thousand rupees.

“Therefore, the assessees are hereby asked to file their ITRs before the above due date to avoid the penalty,” the circular said.

The Board had notified the new Income Tax Return forms for the assessment year 2018-19 on April 5. The income Tax department has launched all the income tax forms for e-filing after more than a month of them being notified.

The present circular is not a happy news for taxpayers and the tax professionals as they did not get sufficient time to prepare the returns

10/03/2018

GST UPDATE

12/10/2017

President Shyam Agrawal on "The Dedicated Drive to End Shell Companies" Financialexpress.com PP Chaudhary

12/10/2017