ICAI elects New Torch Bearers for the year 2015-16 The Institute of Chartered Accountants of India (ICAI) is a statutory body established by the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. The affairs of the ICAI are managed by a Council in accordance with the provisions of […]
Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, provides that every listed company and every prescribed company shall annex with its Board’s Report, a Secretarial Audit Report, given by a Company. Secretary in Practice, in Form MR- 3. The Council at its 226th meeting […]
Gross Direct Tax Collection During April-January of the Financial Year 2014-15 is up by 11.38 Percent at Rs. 5,78,715 Crore as Against Rs. 5,19,588 Crore During the Same Period Last Year.
Shift in the Focus of the Income Tax Department (ITD) from Civil Consequences to Criminal Consequences in Serious Cases of Tax Evasion; During 2014-15 (upto Dec, 2014) the ITD Has Conducted Searches in 414 Groups, Seized Undisclosed Assets of Rs. 582 Crore; Undisclosed Income of Rs. 6769 Crore has been Admitted by the Tax Payers […]
In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy (2009-2014), the Director General of Foreign Trade hereby notifies that the application fee for online IEC, notified vide Public Notice. 79/(RE-2013)/2009-2014 dated the 31st December, 2014 should be read as Rs 250/- instead of Rs 500/- .
Circular No. 3/2015 Section 40(a)(i) of the Act stipulates that in computing the income chargeable under the head “Profits or gains of business or profession”, any interest, royalty, fees for technical services or other sum chargeable under this Act either payable in India to a non-resident (not being a company)/a foreign company or payable outside India, shall not be allowed as a deducation, if there has
With the changing market scenario, now the Risk Management becomes the essential area for management to look it into and now this role is being diverted to the Committee with name Risk Management Committee.
Adjustment of TDS in case of free look cancellations-Insurance Regulatory and Development Authority (IRDA) allows policyholders’ to cancel the policy during the free look period (currently set to 15 days). In case of cancellations during free look period, the commission income accrued/ paid to agents needs to be reversed/ recovered.
The question that comes to your mind is that a website typically means like a Flipkart or Amazon or Facebook or Google etc and consequently, how can someone has his or her own personal website. Well, the answer to your question is YES. You too can have your own personal website by the name of www.saurabhchopra.com or www.shuchigoel.com or www.camanishsinghal.com etc.
Section 62 of the Companies Act,2013 deals with the Further Issue of share capital to Employees under Employee Stock Options Scheme and to any persons on preferential basis. In my previous article (Part –I), I have discussed about the Issue of shares to the employees under Employee Stock Options Scheme (ESOS).
