CBI has arrested a Superintendent, CGST & Central Excise, Bhopal (Madhya Pradesh) for demanding & accepting bribe of Rs. Two lakh from the Complainant.
The Central Bureau of Investigation has arrested a Recovery officer, DRT-I, Chandigarh for demanding & accepting bribe of Rs. 70,000/- from the Complainant.
1) Whether salary advance to the Managing Director will hit the provisions of Section 185 and Section 186 of the Companies Act, 2013; 2) If yes, which compliances are required to be followed by the Company and the Director;
Is the Limited Insolvency Examination mandated under any law, for what purpose? The Limited Insolvency Examination (examination) is mandated under regulation 5 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 made under the Insolvency and Bankruptcy Code, 2016. It is one of the mandatory conditions for registration as an insolvency professional.
Know what to do if Tax Credit is not given in Section 143(1) Intimation. Understand the consequences and key actions to take in case of a raised demand.
Learn about filing income tax returns and check your eligibility. Understand the importance of income tax returns and how to file them correctly.
CSR – Understanding CSR provisions CSR applicable to Private as well as Public Companies including foreign companies CSR APPLICABILITY: As per sec 135(1) of Companies Act, 2013 CSR applicable to a company which complies any of the following conditions in the immediately preceding financial year Company is having net worth of rupees five hundred crore or […]
Understand the new Rule 12AB conditions for filing Income Tax Return (ITR) by specified persons. Stay informed about the latest tax regulations.
The passport to derive benefit under sec. 54F(1) is investment in construction of property within the period required u/s 54(1)F or to invest in residential property within the stipulated time for enabling deduction under section 54F of the Act.
Wipro Finance Ltd. Vs CIT (Supreme court of India) Facts- The appellant submitted ROI on 29.11.1997 for the A.Y. 1997-1998, mentioning loss of income, amongst others, owing to exchange fluctuation of Rs. 1,10,53,909/. After processing the return u/s. 143(1)(a), the assessment was completed on 16.3.2000. As against the loss declared by the appellant due to exchange […]
