1. ​​Return in respect of securities transaction tax for the financial year 2014-15
2. ​​Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending March 31, 2015​
3. ​​Report by an approved institution/public sector company under Section 35AC(4)/(5) for the year ending March 31, 2015​
4. ​​Due date for furnishing of statement of income distributed by business trust to its unit holders during the financial year 2014-15. This statement is required to be furnished to the unit holders in form No. 64B [As prescribed under Rule 12CA inserted by the Income-tax (First Amendment) Rules, 2015, w.e.f. 19-1-2015.]

Given below are the several amendments relating to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) that have been proposed in Budget 2015-16.

• Currently, the person responsible for paying salary has to depend upon the evidence/ particulars furnished by the employee in respect of deductions, exemptions and set-off of loss claimed. There is neither any guidance regarding the nature of evidence/particulars to be obtained nor any uniformity in this regard. 
• With a view to rationalise the collection of information and documents by employers, a new sub-Section (2C) is proposed to be introduced in Section 192 to provide that the person responsible for paying salary to an employee will be required to obtain evidence or proof or particulars of prescribed claims including claim for set-off of loss under the provisions of the Act in the prescribed form and manner. This amendment is effective from 1st June 2015. 

• When an employee participating in a Recognised Provident Fund (RPF) withdraws the accumulated balance lying to her/his credit in the said RPF account, that amount is not included in her/his total income and is considered as exempt provided certain conditions are met. The main condition is that such a person should have rendered continuous service with that employer for a period of five years or more. In case of cessation of employment, if the employee takes up an employment with another employer and the accumulated balance in her/his RPF account is transferred to her/his RPF account maintained by such other employer, then also the exemption would be available. 
• It therefore follows that if the abovementioned conditions are not satisfied, the accumulated balance due to the employee is taxable in the hands of the employee. In such a case, tax is required to be calculated by re-computing the tax liability of the years for which the contribution to RPF has been made, by treating the same as contribution to unrecognised provident fund. The trustees of an RPF are required to deduct tax at source on such accumulated balance at the time it is paid, as if such withdrawn amount were income chargeable under the head Salaries. However, often, the trustees did not have the requisite information to be in a position to compute the TDS correctly. With a view to simplify the process of deduction in such cases, Section 192A is now inserted to provide that trustees of RPFs shall, at the time of payment of the accumulated balance due to the employee, deduct tax at source at the rate of 10%, where the aggregate withdrawal is Rs. 30,000/- or more. 
• At the same time, if the concerned employee fails to furnish her/his permanent account number (PAN) to the person responsible for deducting such tax, then tax shall be deducted at the maximum marginal rate as per Section 206AA. It has also been provided that tax shall not be deducted if the employee furnishes to the payer a self-declaration in the prescribed Form No. 15G/15H, declaring that the tax on her/his estimated total income of the relevant previous year would be nil. All these amendments shall take effect from 1st June 2015.

• Interest on fixed deposits with banks attracts TDS under Section 194A. Only exception to this was in respect of interest paid by co-operative banks to their members. 
• Now, Section 194A(3)(v) has been amended to expressly provide that payment of interest on time deposits by a cooperative bank to its members will not be exempt from withholding tax requirement. Therefore, with effect from 1st June 2015, when interest paid or credited in excess of the prescribed limit (which is presently Rs. 10,000/-), tax will have to be deducted at source by the cooperative bank. 
• The existing provisions that permit a depositor to furnish Form 15G/15H for non-deduction of tax at source from the interest wherever applicable, will apply to the interest on deposits with cooperative banks also. 
• The exemption from withholding tax under Section 194A(3)(viia)(b) in respect of payment of interest on time deposit taken from a cooperative society will continue to be available to a cooperative bank. Similarly, a primary agricultural society or a primary credit society or a cooperative land mortgage bank or a cooperative land development bank shall continue to enjoy the exemption under Section 194A(viia)(a), and will accordingly not be required to deduct tax at source from interest payment. 
• The definition of the term time deposits under Explanation 1 to Section 194A(3) has been amended to include recurring deposits within its scope. As a result, now for all banks, whether cooperative or commercial, interest paid on both time deposits and recurring deposits will attract the TDS provisions. 
• Many bank depositors avoided TDS from interest on bank fixed deposits by splitting their deposits amongst different branches of the same bank. This was on account of the current provision whereby the threshold limit of exemption from TDS is applicable to the interest credited or paid by every branch on an individual basis. With a view to curbing this practice, it is now proposed that TDS under Section 194A will be with reference to income credited or paid by the banks as a whole (in those cases where core banking solutions have been adopted by the concerned bank). 
• Interest paid on compensation amount awarded by the Motor Accident Claim Tribunal has been brought under the ambit of TDS. If the aggregate amount of such a payment during the financial year exceeds Rs. 50,000/-, there will be a TDS at the time of payment of the interest. Consequently, it follows that there would be no requirement to deduct tax at source at the time of credit of interest. All the above amendments are effective from 1st June 2015. 

• Currently, payment to transporters carrying on the business of plying, hiring, or, leasing of goods carriages is not liable to withholding tax if the transporter furnishes her/his permanent account number to the payer. It seems that the intention of having this provision was to exclude small transporters from the rigours of TDS provisions. But because of the way the section was drafted, all transporters were excluded from the TDS provisions if they had a PAN. 
• With a view to bring back the big transporters back into the TDS fold, from 1st June 2015 onwards, this exemption will be available only to those transporters who own ten or less goods carriages at any time during the previous year. Such a transporter would also need to furnish a declaration to that effect to the payer along with the PAN. 
• There was also some bit of confusion in the minds of a few people as to whether the said section (and exclusion) applied to payers engaged in the business of transport or to payees engaged in the business of transport. To remove this confusion, it has now been clarified in the Memorandum to the Finance Bill that this exemption is available whether such amount is paid by a person engaged in the business of transport or otherwise. 

• At present, any person who is required to deduct tax at source (other than under Section 194IA) is expected to obtain a TAN and quote that TAN in the challan and the TDS statement that he is supposed to file. This is a cumbersome requirement–particularly to the individuals who acquire an immovable property from non-residents. In such cases, for one time transactions also, the TAN related formalities have to be complied with. In order to provide relief to such individuals or Hindu undivided families (HUFs) who are not liable for audit under Section 44AB or for one time transactions such as single transaction of acquisition of immovable property from non-residents on which tax is deductible under Section 195, it is proposed to amend Section 203A to the effect that the requirement of obtaining and quoting of TAN shall not apply to such notified persons. This amendment is effective from 1st June, 2015.

• A new Section 206CB is proposed to be introduced to facilitate the processing of TCS (tax collected at source) statements on the same lines as TDS statements. 
• Section 206CB(1) permits adjustments to the sums collectible to take care of arithmetical errors or incorrect claims apparent from any information in the TCS statement filed. 
• Interest if any, payable on the sum collectible and fee payable under Section 234E are now chargeable in respect of the TCS. For this purpose, suitable provisions have been introduced in the Sections 200A and 206CB. 
• The intimation has to be sent before the expiry of one year from the end of the financial year in which the statement is filed.
• Section 206C(7) provides for payment of interest if the person responsible for collecting the tax does not collect the tax or after collecting does not pay it as required under that Section. At the same time, since an intimation generated under Section 206CB is deemed to be a notice of demand under Section 156, interest under Section 220(2) would be payable if the tax collector fails to pay such demand within thirty days of the service of the notice of demand. This could give rise to a situation where interest is charged under both Sections, 220(2) as well as 206C(7). To avoid this, a new sub-Section (2C) is proposed to be inserted in the Section 220 to provide that where interest is charged for any period under Section 206C(7), no interest shall be charged under Section 220(2) of the Act on the same amount for the same period. These amendments are effective from 1st June 2015.

• Section 194DA provides for deduction of tax at source at the rate of 2% from payments made under a life insurance policy, if such amount is chargeable to tax and the amount is not less than Rs. 1,00,000/-However, there is no facility for such an assessee to file a self-declaration under Section 197A to receive the amount without deduction of tax at source even if she/ he has no tax liability. 
• It is now proposed to amend Section 197A provided that tax shall not be deducted under Section 194DA if the recipient of the payment on which tax is deductible furnishes to the payer a self-declaration in the prescribed Form No. 15G/15H declaring that the tax on his estimated total income for the relevant previous year would be nil. This amendment is effective from 1st June 2015. 

• Presently, interest paid to a foreign institutional investor, qualified foreign investor and foreign portfolio investor on rupee denominated bonds of an Indian company or a Government security is taxed at a concessional rate of 5% plus applicable surcharge and cess. This concession was available for interest payable on or after 1st June 2013 but before 1st July 2015. 
• The concessional rate of tax is proposed to be extended up to 30th June 2017. 

• Presently, when any person responsible for making a payment to a non-resident of any interest or other sum chargeable under the provisions of this Act, such person is required to deduct tax from such payment under Section 195(1). Further, sub-Section (6) of Section 195 requires such person to furnish the information relating to payment of any sum in Form 15CA. In most cases, a view was taken that this provision applied only to payments which gave rise to income chargeable to tax in India. Consequently, payments that did not give rise to income chargeable to tax in India were not reported in the Form 15CA.
• Now, sub-Section (6) is proposed to be amended to provide for furnishing of information whether or not such remittances are chargeable to tax. This would cast a heavy burden on persons who make payments to non residents–especially in case of import of goods. Even for such payments, now, the obligation to furnish Form 15CA (and also Form 15CB) will have to be complied with. 
• This burden has been further compounded by the proposal to introduce a new Section 271-I to levy a penalty of Rs. 1,00,000/- if the person required to furnish information under Section 195 fails to furnish such information or furnishes inaccurate information. This amendment is effective from 1st June 2015. 

“Did You Know”
From April 1995 to April 2015, the S&P BSE Sensex has risen from 3,300 to 28,200, while CNX Nifty has risen from 1,000 to 8,600 during the same period

• Monetary Benefits : Monetary benefits can be in the form of Dividend or Capital Appreciation.

1. Interim Dividend
2. Final Dividend: While final dividend is distributed only after the closing of the financial year; companies at times declare an interim dividend during a financial year. Hence if X Ltd. earns a profit of `40 crore and decides to distribute dividend of `2 to each shareholder & if you are a holder of 200 shares of X Ltd., then you would receive `400 as dividend. This is a return that you shall earn as a result of the investments made by you in X Ltd.

• Non-Monetary Benefits: Apart from dividends and capital appreciation, investments in shares also fetch some type of non-monetary benefits to you. Bonus and rights issues are two such noticeable benefits.

• Equity : Equity is the ownership interest in a corporation in the form of common stock or preferred stock.
• Stock Exchange : A stock exchange is a form of exchange which provides services for stock brokers and traders to buy or sell stocks, bonds and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and dividends.
• Clearing Corporation : Clearing Corporation is an organization which works with the exchanges to handle confirmation, delivery and settlement of transactions. Such corporations play a key role in ensuring that executed trades are settled within a specified period of time and in an efficient manner. Clearing Corporation is also called as clearing firm or clearing house.
• Index : Index is a statistical composite that measures changes in the economy or in financial markets, often expressed in percentage changes from a base year or from the previous month. Indexes measure the ups and downs of stock, bond and some commodities markets, in terms of market prices and weighting of companies in the index.
• Bull market : Any market in which prices are in an upward trend.
• Bear market : Any market in which prices are in a declining trend.
• Benchmarking : Comparing the performance of a firm to a set of industry peers (the benchmark). Typically done across a variety of ratios and using both horizontal and vertical analysis. Industry peers are chosen based on size, industry code, location, etc.
• Cash flow : In investments, it represents earnings before depreciation, amortization and non-cash charges. Sometimes called cash earnings. Cash flow from operations (called funds from operations) by real estate and other investment trusts is important because it indicates the ability to pay dividends.
• Compounding : The process of accumulating the time value of money forward in time. For example, interest earned in one period earns additional interest during each subsequent time period.
• Earnings per share (EPS) : EPS, as it is called, is a company’s profit divided by its number of outstanding shares. If a company earned `2 million in one year & had 2 million shares of stock outstanding, its EPS would be `1 per share. The company often uses a weighted average of shares outstanding over the reporting term.

• Stock markets, which facilitates equity investment and buying and selling of shares of stock.
• Bond markets, which provides financing through the issue of debt contracts and the buying and selling of bonds and debentures.
• Money markets, which provides short term debt financing and investment.
• Derivatives markets, which provides instruments for handling of financial risks.
• Futures markets, which provide standardized contracts for trading assets at a forthcoming date.
• Insurance markets, which facilitates handling of various risks.
• Foreign exchange markets, these markets can be either primary markets or aftermarkets.

• Regulatory Institutions (e.g. SEBI) 
• Stock markets
• Market intermediaries, such as depositories, stock-brokers and Mutual Funds 
• Investors

• Debentures
• Bonds
• Preference shares
• Equity shares
• Government securities

• They have a stake in the company. They are concerned not only in the future growth in stock value but in the worth of the company itself. Their investments are long-term and they don’t sell their shares in an impulse.
• They want quick profit and don’t have any stake or interest in the company, but merely want some quick value addition. Their investments - both buying and selling - are impulsive. Mostly, they don’t do any market research and don’t follow any sector or company to gain proper knowledge before investing.

• Where taxable services are provided by foreign service providers with no establishment in India , the recipient of such services in India is liable to pay Service Tax. 
• For the services in relation to Insurance Auxiliary Service by an Insurance Agent, the Service Tax is to be paid by the Insurance Company 
• For the taxable services provided by a Goods Transport Agency for transport of goods by road, the person who pays or is liable to pay freight is liable to pay Service Tax , if the consignor or consignee falls under any of the seven categories viz. (a) a factory (b) a company (c) a corporation (d) a society (e) a co-operative society (f) a registered dealer of excisable goods (g) a body corporate or a partnership firm. 
• For the taxable services provided by Mutual Fund Distributors in relation to distribution of Mutual Fund the Service Tax is to be paid by the Mutual Fund or the Asset Management Company receiving such service. 

• Whether the service rendered by you is falling under the scope of any of the taxable services listed in the Appendix-1.; and 
• Whether there is a general or specific exemption available for the category of service provided under any notification issued under section 93 of the Finance Act, 1994. 
• Whether you are entitled to the value based exemption available for small service providers under notification No.6/2005-ST dated 1.3.05 as amended from time to time. Details are explained in para 8.1 of this Booklet. 
• Whether the service charges were received for the services provided or to be provided. 

• Whether the service received by you is falling under the scope of any of the services where the recipient of the service is liable to pay Service Tax in terms of Section 68(2) of the Act read with Rule 2(d) of the Service Tax Rules, 1994 (Please also see Para 1.2 of this Booklet) 
• In case the service received by recipients of such service is falling under the scope of any of the taxable services defined under section 65 of the Finance Act, 1994, the recipients of the service shall pay Service Tax after considering specific exemptions/abatements admissible, if any. 
• Please note that the value based exemption for small scale service providers under Notification No.6/2005 ST dated 01.03.2005 as amended is not admissible to such recipients of taxable services. (For further details, please see para 7.1 of this Booklet). 

• The "value of taxable service" means, the gross amount received by the service provider for the taxable service provided or to be provided by him. Taxable value has to be determined as per the provisions of the Section 67of the Finance Act, 1994, read with Service Tax (Determination of Value) Rules, 2006. 
• For certain services, a specified percentage of abatement is allowed from the gross amount collected for rendering the services (see Appendix – 2) subject to the conditions, inter alia, that CENVAT Credit has not been availed by the service provider and the benefit under the Notification No.12/2003-ST dt. 20.6.2003 as amended has also not been availed. 
• There is also a composition scheme for ‘works contract service’, where the person liable to pay service tax in relation to works contract service shall have the option to discharge his service tax liability on the works contract service provided or to be provided, instead of paying service tax at the rate specified in section 66 of the Act, by paying an amount equivalent to 4% of the gross amount charged for the works contract. The gross amount charged for the works contract shall not include Value Added Tax (VAT) or sales tax, paid on transfer of property in goods involved in the execution of the said works contract. 

• The Central Excise Officer is empowered to verify the accuracy of any information furnished or document presented for valuation. 
• If the value adopted by the Service Tax assessee is not acceptable in accordance with the statute, the officer shall issue a show cause notice (SCN) proposing to determine the value as per the law. 
• The SCN would be decided after providing reasonable opportunity of being heard to the assessee. 

• The Finance Act, 1994 - Chapter V - Section 64 to 96 I. (Also referred to as ‘Act’ in this book). This chapter extends to the whole of India except the State of Jammu and Kashmir. 
• The Finance Act, 2004 Chapter VI - for levy of Education Cess @ 2% on the Service Tax. 
• The Finance Act, 2007 – for levy of Secondary and Higher Education Cess of 1% on Service tax. 
• The Service Tax Rules, 1994. (Also referred to as ‘Rules’ or ‘STR,1994’ in this book). 
• The CENVAT Credit Rules, 2004. 
• The Export of Service Rules, 2005. 
• The Service Tax (Registration of Special categories of persons) Rules, 2005. 
• The Taxation of Services (Provided from Outside India and Received in India) Rules, 2006 (with effect from 19th April, 2006) – Notification No. 11/2006-ST dated 19.4.2006 as amended vide Notfn.No.31/2007 – ST dated 22.05.2007. 
• The Service Tax (Determination of Value) Rules, 2006 (with effect from 19th April, 2006) – Notification No. 12/2006-ST dated 19.4.2006 as amended vide Notfn.No.24/2006 – ST dated 27.06.2006 and Notfn.No.29/2007-ST, dated 22.05.2007. 
• Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007-Notification No. 32/2007-Service Tax dated 22nd May, 2007, as amended by Notification No. 07/2008-St dated 1st March, 2008.
• Service Tax (Removal of Difficulty) Order, 2010 effective from 22.6.2010. 
• Point of Taxation Rules 2011. 

• It may be noted that changes proposed in the Budget have/are coming into effect on various dates as already indicated in JS (TRU-II) D.O. letter dated 28th February, 2015. Certain amendments made in the Finance Act, 1994, including the change in service tax rate, will come into effect from a date to be notified by the Government after the enactment of the Finance Bill, 2015.

• In this regard your attention is invited to clause 106 of the Finance Bill, 2015 and paragraph 3 of JS (TRU-II) D.O. letter, which  is reproduced below:-

1. The rate of Service Tax is being increased from 12% plus Education Cesses to 14%. The ‘Education Cess’ and ‘Secondary and Higher Education Cess’ shall be subsumed in the revised rate of Service Tax. Thus, the effective increase in Service Tax rate will be from the existing rate of 12.36% (inclusive of cesses) to 14%, subsuming the cesses.
2. In this context, an amendment is being made in section 66B of the Finance Act, 1994. Further, it has been provided vide clauses 179 and 187 respectively of the Finance Bill, 2015 that sections 95 of the Finance Act, 2004 and 140 of the Finance Act, 2007, levying Education Cess and Secondary and Higher Education Cess on taxable services shall cease to have effect from a date to be notified by the Government.
3. The new Service Tax rate shall come into effect from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015.
4. Till the time the revised rate comes into effect, the ‘Education Cess’ and ‘Secondary and Higher Education Cess’ will continue to be levied in Service Tax.”

• The paragraph reproduced above is self-explanatory and it is clear that the new Service Tax rate shall come into effect from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015. The date will be notified in due course after the enactment.

• Similarly, certain doubts have been raised with regard to abatement on value of services provided in relation to serving of food or beverages by a restaurant, eating joint or a mess, having the facility of air-conditioning or central air-heating in any part of the establishment, at any time during the year. Valuation of services provided in relation to serving of food or beverages by a restaurant, eating joint or a mess is determined as provided in rule 2C of the Service Tax (Determination of Value) Rules, 2006.

• In the Union Budget, 2015, no change has been made in these rules; therefore, any confusion is unwarranted. Further, as explained above, the rate of service tax on the specified portion of the amount charged for such supply which is 40% continues to be 12.36% (including cesses) at present i.e. 4.944 %. The rate of Service tax, as discussed above, will continue unchanged till a date which will be notified in due course.

• Wide publicity may be given so that the assesses and public are aware of the above.  All the major Industry/Trade Associations may be informed accordingly. 

• The Online Correction functionality is now enabled for TDS Statements prior to FY 2012-13 also (Financial Year 2007-08 onwards), provided at leastone correction for the relevant statement has been processed by CPC (TDS).

• Enhanced features has been enabled "without Digital Signature" for Financial Year 2012-13 onwards, however, Digital Signature will be required for PAN Correction.

• Tag/Replace Challan has been enabled on TRACES.

• Deductor can close all those demands which are not generated by TDSCPC through Tag/Replace Challan.

• The Refund functionality is now enabled on TRACES under 'Statement / Payment -> Request for Refund'

• Deductor can submit Refund request only with a valid Digital Signature registered on TRACES for Authorised Person.

• Tax payers can make payment of demand raised by CPC - TDS against TDS on Sale of Property has been enabled on TIN-NSDL . You can make payment by entering PAN of Seller, PAN of Buyer, Acknowledgement Number, Assessment Year.

• Details of manual and processed demands based on financial year are now available through a link on TRACES deductor dashboard.

• The original statement will be put on hold for 7 days if Challan Mismatch / Challan Overbooked / PAN Errors has been identified in the preliminary check. Please make online correction to correct Challan Mismatch / Challan Overbooked / Pan Errors so that your statement is not processed for defaults.

• CPC (TDS) prompts you to first close the Short payment defaults before submission of request for download of TDS Certificates (Forms 16/ 16A). Short Payment default that can be closed by Online Correction displayed when submitting request of Form 16 / 16A

1. Aims and Objectives
2. Introduction
3. Processing A bill wise receipt
4. Display outstanding statements
5. Advance
6. Print Outstanding Statements
7. Let us sum up

• Set up Tally to use Bill-wise Details.
• Enter bill references for customer and supplier accounts
• Give Credit periods
• Allocate payments to outstanding purchase invoices
• Display important outstanding statements.

• Take the print out of opening trial balance and match it with the last year balance sheet. So any discrepancies identified in early stages.
• Confirm with sales and purchased department that any pendency are there.
• Account confirmation from debtors and creditors.
• Make appropriate provisions for the expenses.
• Prepare bank reconciliation statement.
• Identified the expenses which may relate to coming financial year like insurance, rent etc.
• Make the provision for taxation on the basis of estimated profit.
• Ledger scrutiny.
• Prepare the final trial balance.
• Returns filed during the year like VAT, TDS, Service tax, Excise Duty Etc.,

• State Level GST(SGST)
• Central Level GST (CGST)

• Central Excise Duty
• Additional Excise Duty
• The Excise Duty levied under Medicinal and toiletries preparation Act
• Service Tax
• Additional Custom Duty (CVD)
• Special Additional Duty
• Surcharge
• Education Cess and Secondary and Higher Secondary education Cess

• VAT/ Sales Tax
• Entertainment Tax (unless it is levied by local bodies)
• Luxury Tax
• Tax on lottery
• State Cess and Surcharge to the extend related to supply of goods and services.

• Those taxes which commences with import / manufacture /production of goods or provision of services at one end and the consumption of goods and services o other end.
• The taxes, levies and fees which are not related to supply of goods & services should not be subsumed under GST.

• Center would levy IGST levy ( CGST + SGST)
• The ITC will be allowed in this transaction will be SGST, IGST, CGST as applicable.
• Appropriate provision will be provided for consignment or Stock transfer.

• Two Rate Structure
• A lower rate for necessary items and goods of basic importance
• Standard rate for goods in General
• Special Rate

What is Director Identification Number (DIN)?
It is an unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section 153 & 154 of the Companies Act, 2013

Who can file an application for allotment of DIN ?
Every individual, intending to be appointed as a director of the company, can file an application for allotment of DIN.

Who will allot the DIN ?
Central Government (Office of Regional Director (Northern Region), Ministry of Corporate Affairs) will allot the DIN.

What is the procedure of obtaining DIN?
Any person intending to apply for DIN shall have to make an application in eForm DIR-3 and should follow the following procedure:

• eForm DIR-3 has to follow the online e-Filing process . For more details regarding the same visit e-Filing FAQ's .
• Attach the photograph and scanned copy of supporting documents i.e. proof of identity, and proof of residence as per the guidelines. Physical documents are not required to submit at DIN cell.
• Along with the supporting documents, Verification as per Form DIR-4 shall also be attached. This shall contain the Name, Father’s name, date of birth and text of declaration and physical signature of the applicant.
• The eForm shall have to be digitally signed and shall be uploaded on MCA21 portal.
• Upon upload, Pay the fees for eForm DIR-3. Only electronic payment of the fees shall be allowed (I.e. Netbanking / Credit Card). No challan payment will be accepted under revised procedure of DIN allotment.   

The applicant is required to get himself/herself registered on the MCA21 Portal to obtain login id, which is necessary for payment of the fees. After obtaining the login-id, Login to the MCA21 portal and click on 'eForm upload' link available under the 'eForms' tab for uploading the eForm DIR-3 . eForm DIR-3 will be processed only after the DIN application fee is paid.

• Upon upload and successful payment,

Form DIR-3 is mandatorily to be signed by an Applicant and a practicing professional or secretary (who is a member of ICSI) in whole time employment or the Director of the existing company

• Processing of e Form DIR-3

• Post-approval changes in particulars of Form DIR-3

• High resolution photograph of the applicant
• PAN is mandatory now. So copy of pan is mandatory for identity, name, father’s name and date of birth. Proof of father’s name is not required in the case of foreign nationals
• Copy of passport is mandatory as an id proof in the case of foreign nationals.
• Present Address proof which should not be older than 2 months
• Verification as per form DIR-4 as per the format given on the website

• Documents submitted are currently valid and not expired.
• Documents issued by LIC may be enclosed as Date of Birth and Address proof.
• Bank Statements, Utility Bills like telephone, electricity bill etc furnished as residence proof are in the applicant's name only and not older than two months.
• All supporting documents attached with form DIR-3 must be duly attested by an authorized person/ authority.
• In case the director is illiterate, thumb impression should be certified from the concerned revenue authority (where the applicant resides) and then all the documents should be notarized or attested OR if applicant is not in a position to sign the application due to medical reasons and affixed thumb impression on the application then duly attested medical certificate from Government hospital is must with the application stating the reason of his / her ailment.

• The proof of identity of the applicant is not submitted.
• The proof of father's name of the applicant is not submitted.
• The proof of date of birth of the applicant is not submitted.
• The proof of residential address of the applicant is not submitted.
• The copy of passport (for foreign nationals) is not submitted

• The supporting documents are invalid or expired.
• The proof of identity submitted has not been issued by a Government Agency.
• The application/enclosed evidence has handwritten entries.
• The submitted application is a duplicate DIN application and already one application of that applicant is pending or approved.
• The submitted application does not have photograph affixed.
• The signatures are not appended to the prescribed place.
• The applicant's name filled in application form does not match with the name in the enclosed evidence.
• The applicant's father's name filled in application form does not match with the father's name in the enclosed evidence.
• The applicant's date (DD/MM/YY) of birth filled in application form does not match with the date of birth in the enclosed evidence.
• The address details filled in the application do not match with those contained in the enclosed supporting evidence.
• The gender is not entered correctly in Form DIR-3.
• Identification number entered in application does not match with the identity proof enclosed.
• If enclosed documents are not self attested.

• Proof of Identity/ residence is not enclosed or expired.
• Proof of Date of Birth is not enclosed.
• Supporting documents are not properly attested .
• Non-submission of affidavit (if required).