1. Please use Ink Jet /Laser printer to print the ITR-V Form. Use of Dot Matrix printer should be avoided. 2. The ITR-V Form should be printed only in black ink. Do not use any other ink option to print ITR-V. 3. Ensure that print out is clear and not light print/faded copy. 4. Please […]
First of all we have to understand what is non profit making Company: A Non Profit making Company is a Company which: Has in its objects, the promotion of Commerce, art, science, sports, education, research, social welfare, religion, charity, and protection of environment or any other such objects. Intends to apply its profits or any other income in promoting its objects. Intends to prohibit the payment of any dividend to its members.
Recently the Company Law Board, Delhi Bench while dealing with a matter involving resignation of a director under the Companies Act, 1956, has passed an order in the case of Manav Kumar Agarwal V. Discovery Enterprises Pvt. Ltd & Others[1] that, the resignation given by any Director from the post of Director shall not be construed as the resignation until the Board of Directors approve such resignation by passing a resolution in this regard. In this article we will analyze the aspects of resignation of director by considering the recent judgement made by Company Law Board, and whether it has any impact on the legal position stipulated under the Companies Act, 2013 (hereinafter referred to as ‘2013 Act’)
Arbitrary criteria exist for the allotment of audit of public sector units. Every department made their own different rules and conditions for appointment though there is existence of ICAI Multipurpose empanelment form (MEF). There is something which is hidden and not transparent.
The assessee submitted that at that time she was having pregnancy of 5 months and due to immense work pressure in the office she could not devote time to see the content of ITR filed by the said ‘Taxspanner’ as she did not understand the form also, hence she just signed the ITR-V and sent it to the Bangalore CPC of Income Tax Department.
Mohan Thulasingam Life is full of challenges right from the day of birth till the departure from the face of the earth. That too, in the modern world, it becomes very tough and highly competitive due to various factors like scarcity of resources, population growth, greed, polity, religion, etc. In the olden days, people used […]
The Central Government has , by Circular No. 1026/14/2016-CX dated 23rd April, 2016, extended the time limit for taking Central Excise registration of an establishment by a jeweller up to 01.07.2016. However, the liability for payment of Central Excise duty is with effect from 1st March, 2016. The assessee jewellers may make the payment of Excise Duty for the months of March, 2016, April, 2016 and May, 2016 along with the payment of Excise Duty for the month of June, 2016.
Online Upload of e-TDS/TCS statement(s) and AIR functionality will be discontinued from May 1, 2016 at NSDL e-Gov end. The users who are desirous to file e-TDS/TCS statements/AIR are hereby requested to visit our TIN-FC agents. To know the nearest TIN-FC, please visit at the TIN website at https://www.tin-nsdl.com/tin-facilities.php For online upload of quarterly TDS/TCS […]
Peer Review System (PRS) is a mechanism of evaluating the professional/audit and assurance activities/services carried out by a Firm by peers by looking into the systems and procedures adopted and records maintained while carrying out professional/audit and assurance activities with the objective to evaluate and suggest improvements of systems, procedures and quality of reporting.
Cost Accounting Standards Board (CASB) releases Exposure Draft of Guidance Note on ‘Treatment of Costs Relating to Corporate Social Responsibility (CSR) Activities ‘. Cost Accounting Standards Board (CASB), the standard-setting body of the Institute, has approved the release of Exposure Draft of Guidance Note on ‘Treatment of Costs Relating to Corporate Social Responsibility (CSR) Activities’ […]
