MEANING – PROFESSIONAL TAX Unlike the name, Professional Tax is not a tax which is applicable on professionals only, it is tax which is applicable on all kinds of professions, trades, and employment and based on the income. Applicability: It is applicable on: 1. Business including freelancers 2. Professionals including CA, CS, Doctors 3. Employees […]
GST being a new and evolutionary concept comprises of many grey areas which require discussion for its effective implementation. This article has been drafted with intent to provide the readers an insight of Schedule-I of GST Act read with section 7 and judicial precedents. Schedule I deals with certain activities which are treated as supply […]
Learn about Income Tax Return in a simplified and concise manner. Find out who needs to file it, the due dates, and the consequences of non-filing.
FORENSIC AUDIT – MEANING The term ‘forensic audit’ has not been defined under any statue, therefore for the meaning of the same reliance has been placed on dictionary meaning. In general, Forensic Audit represents an area of finance that combines detective skills and financial acuity. Forensic audit also known as forensic accounting is an examination […]
This article has been drafted with a view to explain and amplify the scope and applicability of Section 58 and Section 59 of Companies Act, 2013 dealing with refusal or neglect to transfer or transmission by company and appeal thereof and rectification of register of members. For the proper appreciation of Section 58 and 59, […]
(Notified vide General Circular 12/2020 dated 30/03/2020) COMMENCEMENT AND VALIDITY OF THE SCHEME: The Scheme shall commence from 01.04.2020 and shall be valid till 30.09.2020. APPLICABILITY: The Scheme shall apply on all Defaulting Companies except: i. Companies against which action for final notice for striking off the name of the company has already been initiated. […]
Contents of the Article: 1. Grounds for Removal of Company’s Name from register of companies 2. Procedure for Strike off by the Registrar. 3. Procedure for Strike off by the Company. 4. Companies whose name cannot be removed. 5. Restrictions from making application for removal of name. 6. Judgments on meaning of carrying on any […]
