UKN Properties Pvt. Ltd. Vs DCIT (ITAT Banglore) Since the transactions of purchase of software has been completed prior to rendering of decision by Hon’ble Karnataka High Court and since there were decisions which have held that TDS is not required to be made out of payment made for software purchases, following the above said […]
Relaxations in the Cost and Works Accountants Regulations, 1959 on matters relating to Regional Councils of the Institute for the year 2021 on account of acute pandemic situation arising out of outbreak of COVID-19
it is concluded that the TPA did not fulfill the Minimum Business Requirements during 2019-20 in any of the parameters as specified under regulation 14 of TPA Regulations, 2016 read with the Minimum Business norms as stipulated under Annexure-11 of Circular Ref: IRDAI/TPA/REG/CIR/130/06/2020 dated 03rdJune 2020. It is also observed that on an average basis […]
It has been decided that if a Term Deposit (TD) matures and proceeds are unpaid, the amount left unclaimed with the bank shall attract rate of interest as applicable to savings account or the contracted rate of interest on the matured TD, whichever is lower.
Q.1 What is form 26AS? Ans. It is a consolidated Annual Information Statement for a particular Financial Year (FY). It contains the details of the following: –Tax Deducted at Source (TDS) –Tax Collected at Source (TCS) -Advance Tax / Self-Assessment Tax / Regular Assessment Tax deposited -Refund received during a financial year (if any) -Details […]
Majority of the members OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting(including India)adoptedyesterday ahigh-level statement containing an outline of a consensus solution to address the tax challenges arising from the digitalisation of the economy.
Introduction of Producer Company, Incorporation, Compliance & Eligibility Under Companies Act, 2013 Producer Company is governed under provision of Companies Act, 1956 as the Companies Act, 2013 itself states in Section 465(1) that provision of Producer Company shall be as per Part IX A of the Companies Act, 1956. Now as per Companies Act, 1956 […]
COMPANY SPECIFIC DISCLOSURES IN A DIRECTOR’S REPORT 1. Financial summary and highlights- The financial summary and highlights should be accompanied by the macro-economic, geo-political, financial, industry specific as well as any company specific information affecting the business of the company and the market in which it operates, along with the industry performance with regard to […]
AO was justified in treating the payment to ROC for increase in capital as capital expenditure as ROC expenses was fees for enhancement of capital.
Benifits of being a MSME (Micro, small and Medium Enterprises): 1. Loan without collateral – Micro, small and Medium Enterprises (MSME) can avail loan facility at attractive/lower rate of interest and also Collateral Free loans from CGTFS (CREDIT GUARANTEE TRUST FUND SCHEME) created by; A. Govt of India B. SIDBI (Small Industries Development Bank of […]
