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Archive: 17 February 2023

Posts in 17 February 2023

CA penalised for failure to report on Contravention of Companies Act, 2013

February 17, 2023 1980 Views 0 comment Print

Upon perusal of Balance Sheet for the financial year 2020-2021, it is observed that the Company has shown an amount of Rs. 1,26,30,680 as Non-current investment However, the Company has failed to disclose the details of the name of the body corporate (indicating separately whether such bodies are (i) subsidiaries, (ii) associates, (iii) joint ventures, […]

Section 54B exemption cannot be Denied for Agricultural Land Purchase in Wife’s Name

February 17, 2023 2178 Views 0 comment Print

ITAT held that deduction under Section 54B/54F of Act is available in cases where investments are made in property purchased in name of wife.

Section 194H TDS on Standard & Supplementary commission to travel agents

February 17, 2023 26142 Views 0 comment Print

The ambit of a contract of agency and its resultant effect on the classification of difference between the Actual Fare and Net Fare as being a Commission liable to deduction of TDS.

Fall of Kingfisher Airlines: A Cautionary Tale of Corporate Governance

February 17, 2023 8295 Views 0 comment Print

In this article, we will discuss relevant provisions of Companies Act 2013 in the context of case of Vijay Mallya and Kingfisher Airlines.

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February 2023