Whereas, in the matter of ‘Ciprofloxacin Hydrochloride’ (hereinafter referred to as the subject goods), falling under tariff item 2941 90 30 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975)
The constituent temples function under the aegis of the HR&CE Act and the ‘body’ or ‘authority’ as referred to in Section 10(23BBA) would be the HR&CE department only. Moreover, the proviso to Section 10(23BBA) specifically excludes temples and other religious institutions functioning under the management of the ‘body’ or ‘authority’ from the scope of exemption, stating that they fell within the ambit of taxability.
Name is one of the most important aspects of the Companies existence, it is the first thing which any outsider see while dealing with the company. So it not only signifies the identity of the business per se but also creates the perception about the company in the eyes of outsiders. In today’s world, the […]
As per the Company 2013, the auditor’s responsibility has been enhanced to a great extent and the manner of appointing him has also been changed, when compared to companies Act, 1956. We here discuss briefly about the Auditors responsibility in light of Companies Act, 2013 for private companies. Section 2(17) of Companies Act, 2013 ―chartered […]
Only those investments which had yielded dividend income for computing the average value of investments would be considered for the purpose of computing the amount of disallowance u/s 14A.
DEFINITION OF PRIVATE COMPANY Clause (68) of section 2 of the Companies Act, 2013 (Section 2(68)) Private company means a company having a minimum paid-up share capital of one lakh rupees or such higher paid –up share capital as may be prescribed, and which by its articles,- (i) restricts the right to transfer its shares; […]
Clause (62) of section 2 of the Companies Act, 2013 – Definition of One Person Company One Person Company means a company which has only one person as a member. Under Companies Act, 1956 there was no concept of One Person Company (OPC) but Companies Act, 2013 introduced the concept of OPC and this OPC […]
Background: Gold is one of the best performing commodities witnessing the highest gain. Gold prices have gained lot of appreciation in years ranging from Rupees 18500 per 10 gram in 2010 to around Rupees 55000 per 10 gram in 2020. Currently Gold prices have dropped steeply since beginning of the year. It has dropped to […]
START UP COMPANIES AND EXEMPTION AVAILABLE UNDER INCOME TAX ACT, 1961 Indian economy is now running on right path and will achieve target of a developed economy. We have come a long way since our independent in the year of 1947. We have seen a lot of ups and downs in our economy and sailed […]
Auto Income Tax Calculator -All in 1 Tax calculator, Salary statement, Computation sheet with Form-16 for F.Y. – 2020-21 (A.Y.-2021-22) in old & New Regime Govt. has introduced a New tax regime (system) from F.Y.-2020-21 with a lower tax rate without any exemption/deduction. Also left an option for assesses to choose any one suitable regime […]
