STRs constitute a strategically important source of information for Income Tax department. In the last few years the number of STRs has grown tremendously and is growing further. The department has not been able to investigate all STRs promptly.
CS Vasudev Savalgi Background At the outset, CSR activities at …………….(insert company name) is already in existence for the benefit of the employees and their immediate family members in the areas of extending loan to employees, participation at festivals and best worker award etc.
Worldwide studies have proven that the cost related to leave and absence in any organization contributes to nearly 35.5% of the payroll. Despite this impact, organizations let go leave or absence without tracking and monitoring the employees. In turn this creates a huge impact on the organizational productivity and therefore the ROI or bottom-line.
Feedback/ Issues related to Goods & Services Tax (GST) to be submitted to various authorities As you may be aware, the Hon’ble Finance Minister, Sh. Arun Jaitley while presenting Union Budget 2014-15 on 10th July 2014 said that in order to streamline the tax administration, avoid harassment of the business and increase revenue collection both […]
Reassessment proceedings are bad in law in as much as the AO sought to reopen the assessment beyond a period of four years and not followed the procedures laid down in section 151(2) of the Act for issuing notice under section 148 of the Act.
Assessing Officer has observed that the contentions of the Assessee are considered, but found not acceptable. From the contentions, what has been deduced is that the particulars of income filed by the Assessee were not correct or to put it in the language of the Act
Assessee-Company,engaged in the business of life insurance,filed its return of income on 29/10/2005 declaring total income at Rs.3 1.19 lakhs. The return was processed u/s. 143(1) of the Act on 30/03/2007.Later on a notice u/s 147 of the Act was issued by the AO.From the assessment records
Through this brief write up, I would like to point out few essential points which need to be observed for preparation of Company Secretary Course. Company Secretary Course is a professional course known for its compliance related course structure. After the applicability of Companies Act, 2013, the role of a Company Secretary has become more critical due to the enhanced rules and regulations.
Under Companies Act 2013, the date of incorporation of a company cannot be the date of commencement of business. From the point of commencement of Business companies may be divided into 2 categories: 1. Public and Private Companies not having Share Capital 2. Public and Private Companies having Share Capital
1. (1) These rules may be called the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2014. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Companies (Corporate Social Responsibility Policy) Rules, 2014, in rule 4, in sub-rule (6), after the words but such expenditure the words and comma including expenditure on administrative overheads, shall be inserted.
