The government has now decided that the negative balance in the cash ledgers of such taxpayers should be nullified. Accordingly, the negative balance has been nullified.
Board of Directors or shareholders can also have power to remove the director of a Company under section 169 of the Companies Act, 2013.
Corporate Insolvency Resolution Process (CIRP) was initiated against Trident Sugars Ltd. and had appointed Mr. Medi Yadaiah as the Interim Resolution Professional (IRP) as the Corporate Debtor had neither paid the balance amount nor raised any dispute in respect of the quantity or the amount at any point of time.
Income Tax Department carried out search and seizure operations on a group engaged in the business of mining, processing and trading of black stones.
As per Rule 142(1)(a) of the JGST Rules, the summary of show cause notice has to be issued electronically to keep track of the proceeding initiated against the registered persona whereas a show cause notice need not necessarily be issued electronically.
Understanding Income under Section 2(24) of the Income Tax Act, 1961. Learn about the comprehensive definition of income and its implications for taxation in India.
Understanding the role of Goods and Services Tax Network (GSTN) in the implementation of the GST system and its impact on taxpayers.
Discover the differences between financial planning, tax planning, and retirement planning. Learn how these concepts are interconnected and how they can help you achieve your long-term financial goals.
Penta Media Graphics Ltd Vs DCIT/ACIT (ITAT Chennai) Disallowance u/s 40(a)(i) justified if assessee failed to deduct TDS on payment for software development consultancy charges to foreign companies. Conclusion: Since assessee had not deducted TDS under section 195 on payment for software development consultancy charges was made to foreign companies and failed to file any […]
Learn about the SS-2 Secretarial Standard on General Meetings and its applicability to different types of meetings for companies under the Companies Act, 2013.
