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Select e-File >Income Tax Form>File Income Tax Forms> person not dependent on source of income>Search form 26A>file now. has paid the tax due on the income declared by him in such return of income and the person furnish a certificate to this effect from the chartered accountant in such form as prescribed.

Court fees. Whether a court fee is payable (and how much that court fee will be) will depend on the circumstances of your case albeit in many (but not all) cases the value of the remedy which you are seeking will be a key factor; It will be possible for a company to apply for a new free standing moratorium whilst negotiating a Restructuring Plan with its creditors, if it fulfils the criteria in the Act to make such an application, but in that case there are restrictions on the ability of the company to bind relevant creditors in the Restructuring Plan.DeepOcean Group (the “Group”), a sub-sea services provider, proposed a restructuring plan for three Companies within the group – DeepOcean 1 UK Limited, DeepOcean Subsea Cables Limited and Enshore Subsea Limited (together, the “Companies”), all of which are incorporated in the UK. The Companies had underperformed for a number of years, due to unfavourable economic conditions, changes in the market and more recently the COVID-19 pandemic and required funding from the Group to continue as a going concern. The Group had decided not to provide further funding, making the operations of the Companies unsustainable. Transaction Type – You can select either Short Deduction/Collection, Non-Deduction/Collection or Short and Non-Deduction/Collection The Government Guidance on the draft legislation states that the new moratorium procedure is aimed at ensuring that companies can maximise their chances of survival during the COVID-19 crisis. It is intended to be a seamless procedure that keeps administrative burdens to a minimum, allows for a speedy entry process and does not add disproportionate costs to already struggling businesses. There are also some temporary relaxations to the requirements of the Act in the period to June 30, 2021 (the COVID Period) which make it easier for companies to use the process. For example the representation that the proposed monitor is required to make prior to the moratorium commencing, that he considers that “it is likely that the moratorium would result in the rescue of the company as a going concern” is qualified by the words “or would do so if it were not for any worsening of the financial position of the company for reasons relating to coronavirus".

The significance of the case more generally, for example if the case has wider ramifications for the client generally and/or public or legal significance. Request Type– Select ‘submit form’ to assign a Chartered Accountant or ‘view form’ to view the details of the request.

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Costs and litigation funding work is most often charged (or calculated) on the basis of an hourly rate. However, whilst this decision (which Leech J described as “jumping the gun”) meant that the court was bound to accept that the relevant alternative was insolvent administration, in considering whether or not to exercise his discretion to sanction the Plan, Leech J indicated that the Company had not demonstrated that there was a pressing need to sanction the Plan or that its future was not in the hands of its directors, Rcapital and JCP (as he could see no reason why JCP could not provide continuing support for the Company and the Group whilst the directors considered whether to put forward a new restructuring plan or to adopt a new strategy and was not satisfied that there was a risk of imminent administration if JCP agreed to do so) (see paras [122]-[124]). b) Determine whether the compromise has, at its purpose, a lessening or reduction in the gravity or seriousness of the effect of those financial difficulties.