ROC penalizes directors for failing to notify the change of residential addresses in DIR-3.

What is Director identification number (DIN)? Director identification number (DIN) is a unique identification number allotted to a person wanting to be a director of a company. To obtain DIN, the concerned person needs to make an application in e-form DIR-3. Facts of the case: M/s. SVPL is a registered company having its registered office in the state of Bihar. The company has three directors...

Scope of Reasonable Cause For Not Levying Penalty Under Section 221 For Non-Payment of TDS.

  Penalty under section 221 is levied when there is a default in payment of tax. Under sub-section (1) of section 221, the assessing officer is empowered to impose a penalty where an assessee is in default or is deemed to be in default in payment of tax. The said penalty is leviable in addition to the amount of the arrears and the amount of interest payable under section 220(2). Further,...