Udyamica Professionals 
All about Section 194-IA TDS on sale of Immovable property Section 194-IA apply only if seller is tax resident of India. If Seller is NRI section 195 comes into picture. 1. What is Section 194-IA of the Income Tax Act? Section 194-IA requires the buyer (transferee) of an immovable property (other than agricultural land) to deduct … Read more
Format of attendance sheet of AGM As the AGM season is underway, proper documentation becomes crucial for smooth corporate governance. Among the key documents required for an Annual General Meeting, the AGM attendance register holds particular importance. The AGM attendance register is far from being just a formality; it has significant legal and operational value. … Read more
Authority letter to use Digital Signature Certificate – DSC As regulatory requirements grow in complexity, consultants, tax consultants, and auditors, are increasingly tasked with handling sensitive filings and legal documents on behalf of their clients. For these task Digital Signature Certificates (DSC) have become essential. However, using a client’s DSC without formal authorization can lead … Read more
How to Fix the “DSC Not Registered” Error While Filing ADT-3 on MCA V2 Many professionals filing Form ADT-3 on the MCA V2 portal have encountered a frustrating error stating, “DSC is not registered on with xxxx on MCA.” This issue seems to affect those professionals who hold a DIN (Director Identification Number) in addition … Read more
Clarity on Input Tax Credit for Demo Vehicles: A Long-Awaited Relief for Automobile Dealers Since the introduction of the Goods and Services Tax (GST) regime in 2017, automobile dealers have been in a state of confusion regarding the availability of Input Tax Credit (ITC) on demonstration vehicles, commonly referred to as demo cars. These vehicles, … Read more
Consent for holding the Annual General Meeting (AGM) at a location other than the registered office of the company. For private companies, flexibility in business operations is often a key advantage. One area where this flexibility shows is in the location of the Annual General Meeting (AGM). Legally, AGMs are expected to be held at … Read more
What is Dematerialization of shares? Dematerialization refers to the process of converting physical share certificates and securities into an electronic form like we holds shares of listed companies. This transition eliminates the need for paper-based certificates, making the ownership and transfer of securities easier, safer, and more transparency. The goal is to enhance transparency and … Read more
MLWF: Key Dates, Revised Contribution Rates Maharashtra Labour Welfare Fund (MLWF) is a government-backed social security scheme designed to provide financial assistance and welfare benefits to workers in the state of Maharashtra, India. The fund is administered by the Maharashtra Labour Welfare Board, which is responsible for collecting contributions from employers and employees and utilizing … Read more
Resolution for reappointment of auditor after 5 years “RESOLVED THAT pursuant to Sections 139, 142 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014 [including any statutory modification(s) or re-enactment(s) thereof for the time being in force] and pursuant to the recommendation of the … Read more
The key difference between Section 9(3) and Section 9(4) of the Central Goods and Services Tax (CGST) Act, 2017 In the context of GST, Reverse Charge Mechanism (RCM) is indeed a key concept. It shifts the liability to pay tax from the supplier to the recipient of goods or services, under specific conditions. Here is … Read more