Before we start the discussion, let us see what the Companies Act, 2013 has to say about this concept called ‘One person company’. Section 2(62) ‘one person company’ means a company which has only one person as a member. Section2 (40) ‘Financial statement ‘in relation to a company, includes:
Many new facets came in front of Indian economy after the result of the General Elections, 2014. After 30 years the history has repeated it again. This kind of historic win was once witnessed in 1984, where Indians had put Rajiv Gandhi on the throne to take India to new heights. The winning numbers were […]
Subsection(1) of section 14A provides that for the purpose of computing total income under chapter IV of the Act, no deduction shall be allowed in respect of expenditure incurred by the assessee in relation to income which does not form part of the total income under the Act.
