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Archive: 05 July 2022

Posts in 05 July 2022

Section 194R- Is the Issue Resolved?

July 5, 2022 13875 Views 3 comments Print

Understand the impact of Section 194R in the Income Tax Act. Learn about the taxation of benefits/perquisites in business or a profession.

CBI Arrests two Senior Tax Assistants of Income Tax Department

July 5, 2022 2862 Views 1 comment Print

The Central Bureau of Investigation has arrested two Tax Assistants posted at Income Tax Department, Hyderabad and Visakhapatnam in a bribery of Rs. 60,000/-.

CCI Approves Acquisition of Citrix Systems, Inc.

July 5, 2022 756 Views 0 comment Print

CCI has  approved the acquisition of Citrix Systems, Inc. (Citrix) by funds managed by Vista Equity Partners Management, LLC (Vista) and funds and investment vehicles managed by Elliott Investment Management L.P. (Elliott)

IBBI warns IP & advised to be careful & ensure full compliance of IBC, 2016

July 5, 2022 612 Views 0 comment Print

It is observed that in accordance with the regulation 36 of the CIRP Regulations, Mr. Gupta has not mentioned the amount of claims, voting share, details of security interest, date of acquisition, cost of acquisition, remaining useful life, identification number, depreciation charged, book value, and any other relevant details related to assets, as on the […]

MIS Statements- An solution for Startup Entrepreneurs.

July 5, 2022 6531 Views 0 comment Print

Discover how MIS Statements can revolutionize the way you track and analyze your startup’s financial performance. Simplify your reporting and impress venture capitalists.

Loan From Director or Shareholders Under Companies Act

July 5, 2022 296469 Views 1 comment Print

Understanding the rules and regulations of taking a loan from directors or shareholders under Companies Act 2013.

Rescheduled date for CA Foundation Exam at Silchar (Assam) Exam Centre

July 5, 2022 1467 Views 0 comment Print

Chartered Accountants Foundation Examination, Paper – 1 [Principles and Practice of Accounting] and Paper – 2 [Business Laws & Business Correspondence and Reporting] which were scheduled on 24th and 26th June 2022 respectively in Silchar (Assam) Examination Centre were postponed.

Change/Removal of Address other than Registered Office where books of accounts and papers are maintained

July 5, 2022 3714 Views 0 comment Print

Learn about the process of changing or removing the address where books of accounts are maintained, as per the Companies Act, 2013.

Disclosures in Board Report under Companies Act, 2013

July 5, 2022 15213 Views 0 comment Print

Learn about the importance of disclosures in the Board Report under the Companies Act, 2013. Discover how it serves as a means of communication and appraisal for shareholders and stakeholders.

ITAT allows depreciation on molasses tanks

July 5, 2022 675 Views 0 comment Print

Sasamusa sugar works Pvt. Ltd. Vs DCIT (ITAT Kolkata) In respect of ground relating to claim of depreciation on molasses tanks for which the ld. CIT(a) had directed the AO to allow the depreciation after verification that the new plant & machinery were indeed put to use by the assessee. Assessee has come before the […]

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