Features of Section 8 Company: A Section 8 Company is registered as a limited company under section 8 of Companies Act, 2013 and holds the licence from Central Government, having the following features: a. has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection...
Plea to the FM to withdraw Super Rich Surcharge on Long Term Capital Gains on sale of Immovable Property It is an accepted fact that the Economy is passing through acute recession. Every day we hear of lay off of employees in real estate, IT, automobile, manufacturing & practically in all sectors. The factories across […]...
PROCEDURE FOR OBTAINING INFORMATION UNDER THE RIGHT TO INFORMATION ACT, 2005 FROM THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA. Any citizen of India can obtain the required information by making a request under his / her signature addressed to the Central Public Information Officer / Central Assistant Public Information Officer of The ...
Following are the important points on which you has to concentrate after Aug 31, 2019 in respect of Direct Taxation of India. If you are individual below 60 years of age, you need to file tax return for the assessment year 2019-2020 subject to the following condition Your Income before exemptions and deductions exceeds Rs. […]...
Everyone rushes to drill the well and if they know that the well is about to dry they will rush more to get those last drops. Moratorium banns to drill the wells which are about to dry. Moratorium is said to be the main plank of the rescue culture....
Anandkumar Jain Vs ITO (ITAT Mumbai) -
Anandkumar Jain Vs ITO (ITAT Mumbai) In the present case, there is no dispute with respect to the fact that the subsequent decision of the Hon’ble Supreme Court in the case of Topman Exports (supra) has decided the issue of deduction under Section 80HHC of the Act on sale proceeds of DEPB license in favour […]...
Stock broking is quite a sought out profession in India and the Indian Stock Market has seen a tremendous growth in the past decade or so. This article focuses on different types of stock brokers in India. We will also discuss the process of selecting a stock broker in India and the charges associated by […]...
The ministry of Corporate affairs vide Companies (Incorporation) 6th Amendment Rules, 2019 has amended the section 8-company Incorporation procedure and power of respective Registrars of Companies has given to Central Reservation Centre to approve license. Vide this amendment-licensing requirement INC-12 for new companies has been done aw...
How to File Income Tax Return (ITR) by your ownself – FAQ’s And Procedure Section 139 of Income Tax Act, 1961 specifies the persons who are under statutory obligation to file return of Income. It is commonly observed that, many persons who are mandatory required to file Income Tax Return within specified period are not […]...
There is general opinion that if an eligible assessee is opting for section 44AD and section 44ADA, he is not required to maintain books of accounts. The requirement to maintain books of accounts is governed by section 44AA of the Income Tax Act. As per section 44AD(1): Notwithstanding anything to the contrary contained in sections [&hell...