ANALYSIS OF VARIOUS ASPECTS INTERNAL FINANCIAL CONTROL UNDER COMPANIES ACT, 2013 There are various Statutory Provisions under the Companies Act 2013 (the Act) which govern ‘Internal Financial Control’ in the Company. Relevant provisions of the Act, for the applicability of Internal Financial Control is reproduced as under: 1. Section 134(5) of the Companies Act, 2013: […]
Learn about IND AS 1 – Presentation of General Purpose Financial Statements, its objectives, and guidelines for the structure and content of financial statements.
Registration as Registrar to an Issue and Share transfer Agent 1. Application to be made in Form A 2. Application to be accompanies by Non refundable Fee of Rs. 20,000/- . – Refer Note Number 1 3. Types of Application: a) Category I: to carry on the activities as a registrar to an issue and […]
This article focuses on Tax Deducted at source on payment of Rent on Residential property by an individual and HUF which is covered by Section 194-IB. Article also cover Tax deduction under Section 194I on rent by those in Business. Article further covers the comparison between TDS deduction section 194I and 194IB.
In this article let’s discuss about Supply of Services By / To Government or Local Authorities Under GST. Before Proceeding to understand the GST Implication on such Supplies, first let’s discuss What is Mean by Govt. or Local Authorities? What is the meaning of ‘Government’? As per section 2(53) of the CGST Act, 2017, ‘Government’ […]
It is informed that for the purpose of carrying out Revenue Audit of the cases completed in e-proceeding mode, the facility to access ‘Closed Assessment Proceedings’ is now made available for AO Staff user in Income Tax Business Application w.e.f. 14/01/2020.
From the last month GST has been applicable. But still many taxpayers have lots of queries. Here I am dicussing a general query which many taxpayers are facing. Whether TDS should be deductible on GST component of an invoice or not?
It has been decided that till the time customized functionality to provide access to RAPs is developed, the staff/inspectors posted with assessing officers shall facilitate RAPs to access records of completed assessment proceedings in view-only mode.
Article explains Income Tax Treatment of Immovable Property Received as Gift Without Consideration or for Inadequate Consideration, Any property other than immovable property received Without consideration of For Inadequate Consideration, Gifts from Friends and Unrelated Persons, Gift from Relatives, Gifts Received at Wedding, Gift Received As Inheritance, Money Received in Contemplation of Death, Gift Received from Local Authority or Charitable Trust and Gifts Received at the time of termination of employment.
Learn all about the Income Tax Appellate Tribunal. Find out about appealable orders, time-limits, and the composition of the Tribunal.
