Income Tax : The Income Tax is one of the ways of taxation through which evolved one of the concept of assessment of 'black' & 'white’ money....
Corporate Law : The Payment and settlement System Act, 2007 was enacted on 20th December, 2007. The whole purpose of this act is to control the t...
Company Law : The concept of Independent director was introduced in the Report of Kumar Mangalma Birla Committee. The main purpose for establish...
Company Law : CS Akhilesh Kumar Jha Sl. No Sections Details Effective 1 5 Alteration of Article of Association for mentioning the Provisions of ...
Company Law : One Person Company is new concept under the Companies Act, 2013. Previously, there was no such type of concept. One Person Company...
Income Tax : Addition made on the basis of a print out taken from the computer of a third party without there being no other corroborative evid...
Addition made on the basis of a print out taken from the computer of a third party without there being no other corroborative evidence brought on record to prove the fact that the payment mentioned in the seized material was actually received by the assessee, not sustainable.
The Income Tax is one of the ways of taxation through which evolved one of the concept of assessment of ‘black’ & ‘white’ money. Efforts are on to simplify & extend scope at the income-tax laws so as to make the scheme of income-tax, simple and tax-payers friendly. The following may prove to be useful for the purpose:
The Payment and settlement System Act, 2007 was enacted on 20th December, 2007. The whole purpose of this act is to control the transactions which are made electronically. The intention of the government was to introduce of this act to increase the transactions through online instead of cheques.
The concept of Independent director was introduced in the Report of Kumar Mangalma Birla Committee. The main purpose for establishment of this committee was to promote good cooperate Governance and make transparency among Companies and its stakeholders.
CS Akhilesh Kumar Jha Sl. No Sections Details Effective 1 5 Alteration of Article of Association for mentioning the Provisions of “Entrenchment”, in case of private company all members must be agreed for such amendment and in case of Public Company, the special resolution is just required. Not effective 2 12 Change of Registered office […]
One Person Company is new concept under the Companies Act, 2013. Previously, there was no such type of concept. One Person Company means a company which has only one person as a member. That type of Company Called One Person Company (Section 2(62)).
Agreements are the essential of our day to day life. We need to draft various agreements for different matters. Suppose, we are purchasing a home or renting a home, doing any business, the agreement is required after every step.
Loan and Investment by Company Under section 186 of the Companies Act, 2013 – The Sub Section (1) of Section 186 is applicable on all Companies either private Companies or public Companies.
Section 188 of the Companies Act, 2013 has been inserted in place of section 297 of the Companies Act, 1956. In previous law, it was mandatory to take Central Government approval for any transactions which was covered under section 297 of the Companies Act, 1956 where the paid up capital of the company was more than Rs. 1 cr.
Section 185 of the Companies Act, 2013 is applicable on private company as well as public Company. PROHIBITED TRANSACTIONS – No Company advances any loan to its director. No Company advance any loan to any firm in which any such director or relative is a partner;
