Discover the implications of the Companies (CSR Policy) Amendment Rules 2021 with a critical analysis. Uncover changes in CSR activities, definitions, and spending rules. Explore the impact on ongoing projects, administration overheads, CSR committee responsibilities, reporting, and penalties for non-compliance. Stay informed about the amendments and their effect on CSR expenditure, governance, and disclosure.
Sec 10(10D) provide exemption with respect to any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy, where premium payable for any of the year during the tenure of the policy
Explore the intricacies of Presumptive Taxation under the Income Tax Act of 1961, focusing on Sections 44AD, 44ADA, and 44AE. Delve into a critical analysis, understanding the schemes applicable to residents in India. Discover the criteria for eligibility, consequences of opting for presumptive taxation, and the quantification of presumed income. Uncover the nuances of each section and gain insights into the implications for businesses, professionals, and carriage owners.
MCA and SEBI recognize the importance of having women on the Board of directors to promote good corporate governance, accountability, and credibility. To ensure gender equality in top management positions, they have made it mandatory for certain classes of companies to have at least one female director.
NRIs/ OCIs living abroad for business, work or education can open a bank account in India. Banks in India offer numerous ways to apply for NRI accounts from the comfort of their home abroad.
In this article we have highlighted 50+ GST checkpoints that one may consider for the financial year end, i.e. March 2023 as a safeguard.
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (STATUTORY BODY UNDER AN ACT OF PARLIAMENT) TIME TABLE & PROGRAMME– JUNE 2023 FOUNDATION COURSE EXAMINATION (Multiple Choice Questions through offline OMR based from Centre) Day & Date Foundation Course Examination Syllabus-2016 Time 10.00 A.M. to 12.00 Noon. Paper – 1 & 2 (200 Marks) Time 2.00 P.M. […]
Intermediate And Final Examination Time Table & Programme – June 2023 Institute Of Cost Accountants Of India declares Intermediate And Final Examination Time Table & Programme for JUNE 2023 Examination which will start from 1st July, 2023 and ends on 8th July, 2023. THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (STATUTORY BODY UNDER AN ACT […]
Explore the concept of Income Tax Protective Assessment and the Supreme Court’s stance in the case of Lalji Haridas vs ITO (1961). The Income Tax Act lacks provision for protective assessment, but in situations where income ownership is unclear due to litigation, the concept arises. The Supreme Court, in the Lalji Haridas case, established that protective assessments are permissible when ownership cannot be immediately determined.
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