RELAX TO STUDY- It’s only a month left for the CA exam and two months for the CS examinations. And so it is very natural for the students to be in a bad shape and deep stress. But apart from the academic suggestion we do not normally find people who could take us around as to how to maintain our mental stress during these crucial days before the D- day; which is equally important.
Under Section 2(18) of the Income tax a company is said to be a company in which the public are substantially interested in the following circumstances: (a) if it is a company owned by the Government or the Reserve Bank of India or in which not less than forty per cent of the shares are held (whether singly or taken together) by the Government or the Reserve Bank of India or a corporation owned by that bank; or
Government Decides to Amend Income-Tax Act 1961 so that with Effect from 1st April, 2001, the Provisions of Section 115JB Shall Not be Applicable to a Foreign Company If the Foreign Company is a Resident of a Country Having DTAA with India and Such Foreign Company Does Not have a Permanent Establishment within the Definition of the Term in the Relevant DTAA;
