Compliance guides
Definitions · Company law
What is the difference between MOA and AOA?
What separates the Memorandum from the Articles of Association: the MOA sets the company's objects and authorised capital under section 4, the AOA sets internal management rules under section 5, and how the two documents rank against each other and the Act.
Law · Sections
What does section 139 require for auditor appointment?
How section 139 of the Companies Act, 2013 governs auditor appointment: the first auditor within 30 days, the five-year term to the sixth AGM, rotation of individuals and firms under rule 5, casual vacancies, and the ADT-1 notice that records it.
Law · Sections
What disqualifies a director under section 164?
What disqualifies a person from being a director under section 164 of the Companies Act, 2013: the personal grounds in sub-section (1), the non-filing and default trigger in sub-section (2), the five-year disqualification, and how it links to DIN deactivation and Form DIR-8.
How-to · Tax
Is the new tax regime the default for AY 2026-27?
The new tax regime under section 115BAC is the default from AY 2024-25. AY 2026-27 slabs, the Rs 60,000 rebate up to Rs 12 lakh, Form 10-IEA for business income, and which deductions still survive.
How-to · GST
Is the GST ITC deadline 30 November or GSTR-9?
Section 16(4) of the CGST Act bars input tax credit after 30 November following the financial year of the invoice, or the date the annual return is filed, whichever is earlier. How GSTR-2B, RCM self-invoices and the 2024 past-year windows fit.
How-to · MCA
Which resolutions need Form MGT-14 within 30 days?
Form MGT-14 is the ROC filing under section 117(1) of the Companies Act, 2013 for the resolutions and agreements listed in section 117(3). The clock is 30 days from passing or making, on the MCA V3 form.
Interest · Tax
How is interest under section 234B and 234C charged?
How section 234B and 234C interest works: both charge simple interest at 1% per month on advance-tax shortfalls, the 90% and instalment tests that trigger them, how 234A differs, and how to check the rule on the Income Tax Act pages.
Notices · Tax
What are the income tax notice types and sections?
The common income tax notice sections, what each one means, the response window that applies, and how to answer through e-Proceedings on the income tax portal. Covers 143(1), 139(9), 142(1), 143(2), 148, 156, and 245.
Sources · Cross-cutting
What is the difference between a circular and a notification?
What separates a circular, a notification, and a master direction: which one changes the law, which binds officers, which consolidates rules, and how to tell which document you are reading before you act on it.
How-to · Tax
How does section 54 exempt house-sale capital gains?
How an individual or HUF exempts the capital gain on selling a residential house by buying or building another, the one-year-before to two-year-after purchase window, the three-year construction window, the Capital Gains Account Scheme, and the two-crore lifetime option for two houses.