ITAT Delhi held that expenditure towards gift to persons who work for the assessee company during Diwali occasion is held for the purpose of business as per the principle of commercial expediency and accordingly allowable as business expenditure.
NCLAT held that claim before resolution professional/ liquidator has to be based on solid documentary evidence and not based on indirect or circumstantial or secondary evidence.
ITAT Chennai held that additions made towards disallowance u/s. 14A r.w.r. 8D of the I.T. Rules, 1962 to book profit computed u/s. 115JB(2) of the Income Tax Act is unsustainable.
Safeguard your investments by understanding the process of obtaining duplicate share certificates. Explore the importance of share certificates, steps for loss or misplacement, and recovery procedures. Learn about notifying the company, filing a police report, and providing necessary documents to obtain a duplicate certificate. Take proactive measures to protect your investments and ensure future safety. Navigate the complexities of lost share certificates with confidence.
Explore the intricacies of Director’s Remuneration and Sitting Fees under the Reverse Charge Mechanism in GST. Get insights on the notification, criteria for applicability, and a detailed clarification by CBIC. Understand the tax implications on Independent Directors, Non-Executive Directors, and Executive Directors. Discover key considerations for GST on salaries, fees, or commissions, and the distinction between sitting fees for executive and non-executive directors. Stay informed to ensure compliance with GST regulations.
ITAT Pune held that difference between average price of sugar sold in the market and that sold to members at concessional rate is appropriation of profit or not needs re-consideration. Accordingly, matter restored.
ITAT Mumbai held that interest income earned by the assessee on account of surplus funds placed in FD is eligible for deduction under section 10AA of the Income Tax Act.
Discover the Constitution of India, adopted on November 26, 1949, and in effect from January 26, 1950. Explore its key features, including the Preamble, Fundamental Rights, Directive Principles, and more. Learn about the parliamentary system, separation of powers, and the independent judiciary. Delve into the federal structure, amendment procedure, and the commitment to secularism. The Constitution forms the cornerstone of India’s democratic governance, enshrining fundamental rights, principles, and institutions.
Eradicate workplace harassment! Explore the POSH Act 2013, addressing sexual harassment and sex discrimination at work. Learn about its key features, the role of employers, and the significance of an Internal Complaints Committee. Empower your workplace with knowledge and foster equality, respect, and empowerment.
A perpetual bond, also known as a ‘consol bond’ or ‘perp’. It is a fixed income security with no maturity date. This type of bond is often considered a type of equity, rather than debt. Perpetual bond cash flows are, therefore, those of a perpetuity.
