1. Agricultural Income in India is Exempt from Income Tax u/s 10(1) of Income Tax Act, but agricultural income from outside India is taxable. As per entry number 82 of Union List, Central Govt. shall have the powers to levy income tax on any income except agricultural income.
Almost all of you must have heard the stories of many drivers, office assistants and secretaries of Infosys becoming millionaire. This all could become possible due to a system of making such stakeholders as stockholder of the Company by granting them what is generally known as ESOP( Employee Stock Options Plan).
1) The Income Tax Act identifies a senior citizen as a person who is 65 years of age or more at any time during the previous year. It provides for special benefits for such persons.2) As per the IT Act, senior citizens who have an income up to Rs
This article is about one of the most important things which came out in terms that how to treat fees paid for enhancement of authorized capital to Registrar of Companies. Will it be a revenue expenditure or capital expenditure? Before starting it up and finding the answer let’s just start it with what is Section 37 of the Income Tax Act, 1961 all about.
Business Process Outsource (BPO) is a concept or business model which grows in India many folds; most of the multinational companies (MNC) have either setup their captive units in India or approach the Indian business entities to perform their business process from India.
Hello friends, greetings for the day in the current article we will discuss every aspect of amendment in the registration granted or the unique identification number and what is the procedure for amendment in the registration. Analysis Where there is any changes in the particulars furnished in registration application registered person shall submit an application […]
Institute of Cost Accountants of India has made a Representation letter on the proposals made by the GST Council for Simplification of GST Return and submitted the same to Shri Arun Jaitley, Hon’ble Union Minister of Finance and Corporate Affairs, Chairperson, Goods & Services Tax Council, Vide their letter Ref: ICAI/TRD/AUG2018 Dated: 28.08.2018. Representation letter […]
After the article published by some journalist on Supreme Court Order stating that Supreme Court stays Bombay High Court order alongwith all other High Courts granting relief to disqualified directors which created a pandemonium situation among all the disqualified directors considering the Legitimacy of all existing orders and future situations.
Report of the Committee to review offences under Companies Act, 2013 attempts to make an objective assessment of the existing regulatory framework under the Companies Act, 2013 and makes recommendations to be able to achieve a marked improvement in corporate compliance. In order to ensure that serious offenders are brought to book, it is necessary […]
Hence, a provision has been made available in the Unified Portal in the Establishment login for generation of UAN without Aadhaar for employees resident in Assam, Meghalaya and Nagaland states. It is being allowed initially for a period of 3 months from 24/08/20 18 to 23/11/2018. EMPLOYEES’ PROVIDENT FUND ORGANISAT ION MINISTRY OF LABOUR & […]
