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Checklist for DIR - 3- KYC (Annual KYC of directors)

Checklist for DIR - 3- KYC (Annual KYC of directors) 1. Pancard 2. Voter Id / Driving Licence / Passport / Aadhaar Card 3. Proof of present address if present and permanent address are not same. 4. Passport for foreign national is mandatory but if you have valid passport then you have to mention Passport number even if you are not a foreign national. 5. Aadhaar Card (Mandatory for Citizen of India) 6. Father’s name is mandatory even for married women 7. Unique mobile number for OTP (Director himself only) 8. Unique email id for OTP (Director himself only) 9. DSC of director 10. Certified by Professional using DSC Complied by: CA SUNIL GOEL Author can be reached at: slgoelassociates@gmail.com / +91-7289008975 www.casunilgoel.com
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DIR - 3 KYC

DIR-3 KYC - UPDATE KYC OF DIRECTORS ANNUALLY This form will be used to update KYC of all directors as per Rule 12A every year. AS inserted by  Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2018 applicable w.e.f. 10 th  July 2018 { "(ii) after rule12, the following shall be inserted, namely:- “12A Directors KYC:- Every individual who has been allotted a Director Identification Number (DIN) as on 31st March of a financial year as per these rules shall, submit e-form DIR-3-KYC to the Central Government on or before 30th April of immediate next financial year. Provided that every individual who has already been allotted a Director Identification Number (DIN) as at 31st March, 2018, shall submit e-form DIR-3 KYC on or before 31st August, 2018.”; " } APPLICABILITY: Every Director who has been allotted DIN on or before 31st March, 2018, would be mandatorily required to file form DIR-3 KYC on or before 31st August, 2018, an...
GST AND GOODS TRANSPORT AGENCY Goods transport agency : Goods transport agency” or GTA means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called. A consignment note is an essential condition to be considered as a GTA. Consignment note : A consignment note is a document issued by a goods transportation agency against the receipt of goods for the purpose of transporting the goods by road in a goods carriage. Registration requirements : IF Transports, a) Exclusivey goods on which RCM applicable (even turnover more than Rs. 20/10 Lacs limit)         -           NO REGISTRATION b) Turnover less than Rs. 20/10 Lacs Limit (including RCM based and service to unregistered)                 -            NO REGISTRATION c) All other cases         -     ...

Books of account and other documents to be kept and maintained under section 44AA(3) by persons carrying on certain professions.

Rule 6F. (1) Every person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or authorised representative or film artist shall keep and maintain the books of account and other documents specified in sub-rule (2): [Provided that nothing in this sub-rule shall apply in relation to any previous year in the case of any person {(except specified profession under section 44AA(1)} if his total gross receipts in the profession do not exceed one lakh twenty thousand rupees  in any one of the three years immediately preceding the previous year, or, where the profession has been newly set up in the previous year, his total gross receipts in the profession for that year are not likely to exceed the said amount.] (2) The books of account and other documents referred to in sub-rule (1) shall be the following, namely:— (i) a cash book; (ii) a journal, if the accounts are main...

Maintenance of Book of Accounts - Section 44AA (Income Tax Act, 1961)

The provisions relating to maintenance of books of account can be classified as follows:  1. Provisions relating to a person engaged in specified profession. (44AA(1)) 2. Provisions relating to a person engaged in non-specified profession. (44AA(2)) 3. Provisions relating to a person engaged in business. (44AA(2)) Section 44AA(1) Every person carrying on : legal,  medical,  engineering or  architectural profession or  the profession of accountancy or  technical consultancy or  interior decoration or  any other profession as is notified by the Board in the Official Gazette  shall keep and maintain such books of account and other documents as may enable the Assessing Officer to compute his total income in accordance with the provisions of this Act. (Note: Film Artist is also a specified profession by Department) Conclusion:- So, in the case of specified profession there is no limit for turnov...