Accounts receivable refers to the money owed by customers to a business for the goods or services they have purchased on credit. It is an important part of a business’s working capital and represents the amount of cash that the business can expect to receive in the near future.
In this article, we will discuss statutory provisions governing transfer of physical shares and its procedure in case of a Private Company.
Maranaikana Halli Jayashella Shetty Pradeepkumar Vs ACIT (ITAT Bangalore) 271B Penalty- When the Assessee Has Not Maintained the Books of Account, There Is No Question of Getting the Books of Account Audited U/S 44AB Assessment was completed u/s 143(3) making additions to the returned income u/s 44AD. AO initiated penalty proceedings u/s 271A & 271B. […]
In India, the majority of the workforce operates in the informal sector, where labour laws are not strictly enforced, and workers do not receive adequate protection. This includes househelps, domestic workers, and other informal workers who are often excluded from the purview of labour laws.
By an order dated 08.04.2022 passed in RPG Polymers v. Commissioner of DGST Delhi and Anr. W.P.(C) 5849/2022, the Coordinate Bench of this Court had clarified that such errors, which are apparent on the face of the record, are required to be rectified under Section 161 of the Central Goods and Services Tax Act, 2017.
Suneja Towers Private Limited & Anr. Vs Anita Merchant (Supreme Court) In these appeals by special leave, the appellants have essentially questioned a part of the common judgment and order dated 31.03.2022, as passed by the National Consumer Disputes Redressal Commission, New Delhi1 in Revision Petition Nos. 771 of 2020, 772 of 2020 and 773 […]
Certification of Various E-forms Filed by Companies on MCA portal (V2 and V3) along with their Purpose of Filing and signing Authority.
When faced with a financial crisis, borrowing funds is a measure that many across the country rely on. So much so, that today there are many financial institutions that offer credit in different forms at an affordable cost.
ITAT Mumbai held that disallowance of roaming charges paid/ payable to other telecom operations u/s. 40(a)(ia) for non-deduction of tax at source u/s. 194J justified as national roaming process essentially involves decisive human intervention.
Swaraj Excellent Manpower Facilities Pvt. Ltd. Vs DCIT (ITAT Pune) Hon’ble Supreme Court has held that the Employee’s Contribution towards Provident Fund has to be deposited before the due date mentioned in the respective statute. In this case it is an admitted position by the assessee in the Audit Report that the amount was not […]
