Government decides to allow one more opportunity to employees of Public Sector Insurance Companies who joined on or before 28th June, 1995 The Government of India has decided to allow one more opportunity to employees of Public Sector Insurance Companies (PSICs) who joined on or before 28th June 1995, to opt for Pension, as a […]
In the matter f Issue of Share at High Premium AO should not resort to rely on circumstantial evidence or on test of human probabilities but on factual evidence of passing of benefit to the shareholders/directors. Hence ITAT remanded the matter back to AO to re-assess whether the assessee was used as a vehicle to pass on the benefit to the shareholder / director.
Assessee is eligible for exemption u/s 54F for the amount invested beyond the prescribed period but before getting the property registered since there was sufficient reason, beyond the control of the assessee, which prevented the assessee from making investment within prescribed time.
Loss on sale of shares held as investment in subsidiary companies is a revenue loss as when holding company invests amounts for business of its subsidiary, it must be held for business expediency.
Evolution of Listing Compliance framework : Analysis of Amendments to the Listing Regulations, SEBI Circulars & Notifications & Stock Exchange directives as applicable for Equity Listed Companies The landscape of listing compliance underwent a change for the better with introduction of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) which was notified […]
(1) This Ordinance may be called the Special Economic Zones (Amendment) Ordinance, 2019,(2) It shall come into force at once. In section 2 of the Special Economic Zones Act, 2005, in clause (v) -(i) after the words local authority, the words or trust or entry as may be notified by the Central Government, shall be inserted;
THE AADHAAR AND OTHER LAWS (AMENDMENT) ORDINANCE, 2019 Promulgated by the President in the-Seventieth Year of the Republic of India. An Ordinance to amend the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 and further to amend the Indian Telegraph Act, 1885 and the Prevention of Money-laundering Act, 2002.
As per Article 265 of the Constitution of India ‘No tax shall be levied or collected except by authority of law’. In any civilized system, the assessee is bound to pay the tax to the government for which he is liable under the law. The Government on the other hand is obliged to collect only that amount of tax which is legally payable by an assessee.
♣ AMP refers to Advertisement, Marketing and Promotion Expenses.♣ AMP Expenses are usually incurred by the company in for increasing the revenue of the company and enhancing the value of the companies brand value.
Q.1 To whom the ordinance is applicable?A1 .The Ordinance is applicable to all persons receiving or soliciting deposits, working in any legal capacity, namely:(i) Individual or group of individuals(ii) A proprietorship concern(iii) A partnership firm (Registered or not )(iv) A Limited Liability Partnership Firm(v) A Company(vi) A trust (Public or Private Trust, whether Registered or not)(vii) A cooperative society or multi state cooperative society(viii) Any other arrangement of whatsoever nature
