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Jaitley Removes Provision of No Bail for offences Under Companies Act, 2013

December 19, 2014 7175 Views 0 comment Print

When we invite the rest of the world to come to India, form a company, do business and invest in India, are we trying to say that in case you commit any of these offences you will never get bail or you will indefinitely never get bail?

Income Tax – Mere 1.5% Annual Growth in Taxpayer base

December 19, 2014 1190 Views 0 comment Print

Growth in the number of taxpayers Over the past few years, the CBDT in its Central Action Plan has been targeting a 15 per cent increase in new taxpayers vis-à-vis taxpayers added during the previous year. The taxpayer base increased from 319.03 lakh taxpayers in FY 2006-07 to 337.38 lakh taxpayers in FY2010-11, registering an […]

Complaints of Sexual harassment of women at workplace shows increase

December 19, 2014 1758 Views 0 comment Print

The number of complaints of sexual harassment of women at work place registered with National Commission for Women (NCW) during the last two years and current years shows an increasing trend. The no. of such complaints during the last three years and the current year is 170 in 2011, 167 in 2012, 249 in 2013 […]

Format of Audit Engagement Letter under Companies Act, 2013

December 19, 2014 20652 Views 0 comment Print

Download format of Engagement Letter for Audit of Financial Statements under the Companies Act 2013 and the Rules Thereunder (When Reporting u/s 143(3)(i) is Applicable)

Dividend on shares held as stock is taxable as income from other sources

December 19, 2014 10226 Views 0 comment Print

it is immaterial whether the shares are held by the appellant as stock-in-trade. The dividend income derived from these shares is specifically chargeable under the head Income from other sources. Consequently, it is immaterial whether the appellant is a dealer or a trader and caries on business of purchase and sale of shares.

Download Companies (Amendment) Bill, 2014 as passed in Lok Sabha

December 19, 2014 20065 Views 0 comment Print

Companies (Amendment) Bill 2014 was introduced in lok Sabha by Shri. Arun Jaitley on 08th December 2014 and same been passed by Lok Sabha on 17 December 2014.

New Year Resolution: Have A ‘STOP DOING’ List

December 19, 2014 2408 Views 0 comment Print

The new-year 2015 is approaching and as usual we all would start to write down our resolutions for the new year. If you observe very closely, our resolutions are always on the lines of things that we would do, things that we would finish etc.

Capital Gains on sale of TDR received as additional FSI under D. C. Regulations is not chargeable to tax

December 18, 2014 4215 Views 0 comment Print

We have heard both sides at great length and with their assistance, we have perused the order passed by the Tribunal and that of the Commissioner and the Assessing Officer. The Assessing Officer has noted the basic facts and about which there is no dispute.

Filing of Form MGT-14 for Special Resolutions- Companies Act, 2013

December 18, 2014 16768 Views 8 comments Print

The Companies Act, 2013 (Act) was notified on 29thAugust, 2013. Out of 470 sections in the Act, 283 sections and 22 sets of Rules corresponding to such sections have so far been brought into force. The Act and the related Rules contain a large number of provisions requiring approval of shareholders by way of special resolution.

SEBI : Redressal of investor grievances through SEBI Complaints Redress System (SCORES) platform

December 18, 2014 802 Views 0 comment Print

SEBI has issued various circulars/directions from time to time with respect to SCORES. In order to enable the users to have an access to all the applicable circulars/directions at one place, this Circular on SCORES consolidates the current provisions.

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