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Archive: 06 October 2021

Posts in 06 October 2021

Most Frequently used Computer related terms

October 6, 2021 3165 Views 0 comment Print

Every Income Tax, GST and any other work related to taxation is done through computer device. Some tax consultants are well versed with their subjects and also known  to do the work using computer technology. We all should be  known some related terms of Computer language in daily usage. Pen Drive The definition of a […]

Mere Truthful Declaration of Criminal Cases cannot compel an Employer to Appoint a Candidate: SC

October 6, 2021 4080 Views 0 comment Print

Union of India And Others Vs Methu Meda (Supreme Court of India) Law is well ­settled. If a person is acquitted giving him the benefit of doubt, from the charge of an offence involving moral turpitude or because the witnesses turned hostile, it would not automatically entitle him for the employment, that too in disciplined […]

Deposits under Companies Act, 2013- Inclusion, Applicability, DPT-3 Filing

October 6, 2021 8310 Views 0 comment Print

Deposits are a means through which companies generally acquire funding. When the Directors are not in the verge to dilute their stake, they may opt for deposits from public at large. Section 73 to 76 of the Companies Act 2013 read with Rules made under Chapter V of the Companies Act, 2013 regulate the invitation […]

Onus to Prove Deficiency in Service is on Complainant: SC

October 6, 2021 7692 Views 0 comment Print

SGS India Ltd. Vs Dolphin International Ltd. (Supreme Court) The onus of proof of deficiency in service is on the complainant in the complaints under the Consumer Protection Act, 1986. It is the complainant who had approached the Commission, therefore, without any proof of deficiency, the opposite party cannot be held responsible for deficiency in […]

Turnover Calculation & Taxability of Future & Options – Simplified

October 6, 2021 42915 Views 3 comments Print

Future and Options is a derivative tool which was designed to hedge a portfolio but we all are aware that it has become one of the most traded instrument for regular gains. Hence Income Tax has realized the above and the Income From Future and Options is taxable under the head ‘Income from Business and […]

Labour Laws and its Applicability

October 6, 2021 44139 Views 0 comment Print

Labour law also known as employment law is the body of laws, administrative rulings, and precedents which address the legal rights of, and restrictions on, working people and their organizations. The Constitution of India is the main foundation in framing the basis of rights of individuals under labour and employment. The labour and employment laws […]

Request for Information: Post-implementation Review of IFRS 9-Classification and Measurement

October 6, 2021 588 Views 0 comment Print

IFRS 9 Financial Instruments sets out the requirements on how an entity classifies and measures financial assets, financial liabilities, and some contracts to buy or sell non-financial items.

Empanelment of Forensic Auditors with Indian Bank

October 6, 2021 11565 Views 0 comment Print

Empanelment of Forensic Auditors with Indian Bank- Applications are invited from qualified Audit Firms for Empanelment of forensic auditors in bank, subject to following eligibility criteria:

Decriminalization of offences under Companies Act, 2013

October 6, 2021 7377 Views 0 comment Print

Over the years, for violations under the Companies Act, 2013 the government had been filing criminal cases as per the provisions of the Act. Out of more than 40,000 cases filed under the Companies Act, 1956 and Companies Act, 2013, almost 39,000 cases (more than 97 per cent) did not involve lapses of serious nature.

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