REQUIREMENT OF VALUATION Where a valuation is required to be made in respect of any property, stocks, shares, debentures, securities or goodwill or any other assets (herein referred to as the assets) or net worth of a company or its liabilities under the following provision of Companies Act, 2013– Section 62- Further issue of share […]
Loan Amortisation Table, EMI Calculator, Find Rate of Interest etc. in Excel The EMI (Equated Monthly Installment) of any loan is ascertained by the major factors viz. Loan Amount, Rate of Interest, Loan Period (Tenure). For EMI purpose, the Interest will be calculated on Diminishing Balance Method (Monthly). This Excel EMI Calculator, Find Rate of […]
Every Company, while carrying out its business activities, has to comply with the prescribed rules and regulations relating to the Companies Act, Securities laws, FEMA, Industry Specific laws and General and should also pursue the good governance practice Secretarial Audit covers non-financial aspects of the business having impact on the efficient performance of the company […]
Frequently Asked Questions Creation of Entity And User Master With RBI For Foreign Investment In Indian Companies Q.1 Which Company Can Be Considered As Entity As Per RBI Norms? A company within the meaning of section 1(4) of the Companies Act, 2013 A Limited Liability Partnership (LLP) registered under the Limited Liability Partnership Act, 2008 […]
Extension of time limit for filing of Monthly Return for production and removal of goods and other relevant particulars and CENVAT credit specified in Form ER-1 and specified in ER-2.
The issue that needs to be dwelled upon is as to whether there was a case of not passing on of the benefit of ITC and whether the provisions of Section 171 of CGST Act, 2017 are attracted in the present case.
CBIC Clarification on Application for Revocation of Cancellation of GST Registration CBIC has issued Circular No. 99/18/2019-GST dt 23 April 2019 for Clarifications on issues relating to filing of application for revocation of cancellation of GST registration in terms of Removal of Difficulty Order No. 05/2019 Central Tax dt. 23 April 2019, wherein persons whose registrations […]
This article is all about things you should follow before you think of filling GSTR 9 . Don’t just jump to file GSTR 9. First follow these 3 steps and then go to filling GSTR 9. 1. Matching “TAX AS PER 3B = TAX AS PER GSTR 1 “ First check TAX paid as per […]
New Amazing Shiksha Society Vs. ITO (Exemption (Ward) (ITAT Delhi) Exemption u/s 10(23)(iiiad) of the Income Tax Act, 1961 should not be denied to the assessee as selling of books and uniform to the students of assessee is part of educational activity only. Moreover, the impugned addition was made merely on the basis that surplus […]
This is a simple case of acquiring shares of certain companies from certain shareholders without paying any cash consideration and instead the consideration was settled through issuance of shares to the respective parties. Hence, we hold that provision of section 68 of the Act are not applicable in the instant case and accordingly the entire addition deserves to be deleted,
