Corporates are currently involved in various areas of social responsibility / community development as part of nation building. Further, the concept of Corporate Social Responsibility Costs has been introduced under Companies Act, 2013. The expenditure is mandatory in its nature and as such it is a statutory levy. Accordingly it deserves tax deduction.
specified under the relevant legislation of the fund. The employees contribution credited to the employees account in the relevant fund after the due date specified under section 36(1)(va) are disallowed to the employer. Further, any payments made by the employer after the due date is also NOT allowed as a deduction in the year of payment.
Expenses incurred for raising capital are being treated as capital in nature and no deduction is allowed in tax assessment. Section 35D provides for deduction in respect of some of the expenses, over a period of five years, subject to conditions and limits. Raising capital is necessary activity for carrying out the business activity.
Duty Free Shops (or stores) are retail outlets at Departure or Arrival Terminals of International Airports that stocks a wide range of products and brands in the categories of liquors, chocolates, perfumes and cosmetics, tobacco, fashion accessories and electronics
25th GST Council meeting was held at New Delhi on 18.01.2018 under the chairman ship of Shri Arun Jetley, the Honorable Finance Minister. Discussions relating to-
Implication of Amendment in the definition of Associate Company as per Companies (Amendment) Act, 2017
Today we talk about start-ups and the mistakes they do which cause them a big trouble to expand their business and yes sometimes more serious than that, they have negative remark on their goodwill.
Today I am going to debunk a few investment myths. You will know ‘why individual investors are failing miserably and how you can avoid being one of them’.
CS Makarand Lele, a Fellow Member of the Institute has been elected as President of the Institute of Company Secretaries of India for the year 2018 w.e.f. 19th January, 2018.
