Students generally look for a career path through which they can add value to the society at large and CFA offers them these unique advantages which are greatly valued. CFA’s have multiple abroad travelling opportunities and students get a chance to explore multilingual and multi-cultural aspects due to the spread of globalization. CFA’s are known […]
LLP Act: As per section 2(e) of the Limited Liability Act, 2008(LLP Act), “business” includes every trade, profession, service and occupation; In Form 2 for Incorporation Document and Subscriber’s Statement: Business activities to be carried out by the LLP on incorporation: (Note: In case business activities consists of banking, insurance, venture capital, mutual fund, stock […]
Recently, there was an Advance Ruling by the Gujarat AAR in case of ‘Sterlite Technologies Pvt Ltd‘wherein it was decided that the goods procured from a supplier located out of India and directly supplied to a recipient located out of India falls under the category of ‘inter-state transaction’ and hence, the same is liable to […]
In case the LLP wants to close down its business or where it is not carrying on any business operations for the period of one year or more, it can make an application to the registrar for declaring the LLP as defunct and removing the name of the LLP from its register of LLPs. E-Form […]
whether Tribunal is right in holding that amendment made to Section 40(a)(ia) by Finance Act, 2010 would apply retrospectively though the amendment is made with effect from 01.4.2010?
The issue under consideration is whether provisions of section 56(2)(vii)(b)(ii) are applicable on difference between consideration paid for purchase of property and SRO value as on date of agreement?
Proposal To Add 11 New Transactions In Form 26AS 1) Education related fees and donations above 1 lakh in a year. 2) Electricity bills of above 1 lakh in a year 3) Domestic business class air travel or foreign travel. 4) Hotel bills above Rs.20,000/- 5) Purchase of jewellery, white goods, paintings, marble, etc. above Rs.1lakh. White goods includes Electronic Products i.e. TV, Refrigerator, Washing Machine.
MCA has not given any extension for holding of AGM for the financial year ended as at 31.03.2020 and has only allowed holding of annual general meeting (AGM) through video conferencing (VC) or other audio visual means (OAVM). MCA has now clarified as below- 1. Companies can use relaxations in General Circular No. 20/2020, dated […]
1. PARTNERSHIP; Definition of ‘Firm’ – Section 2(23)(i) of the Income tax Act, 1961; As per Section 2(23)(i) of the Income Tax Act, 1961, unless the context otherwise requires, the term ‘firm’ shall have the meaning assigned to it in the Indian Partnership Act, 1932 (9 of 1932), and shall include a limited liability partnership […]
Section 366 of the Companies Act, 2013 prescribed that the existing societies and any other association registered under different laws or any other legislation framed by various state governments or any community benefit society are having an option to convert themselves in a Section 8 Company under Companies Act, 2013. SOCIETY TO PASS A SPECIAL […]
