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Manshi Baid

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TDS default on Payment of any Nature other Then Salary, to A Non-Resident / Foreign Company

Income Tax : In this article, I am going to have a discussion on Section 40(a)(i) of the Income Tax Act, 1961. Which deals with disallowance of...

August 8, 2020 38811 Views 2 comments Print

TDS defaults when amount is Payable to a Resident

Income Tax : In my earlier article I have made a discussion about the disallowance when the amount is payable to a non-resident /foreign compan...

April 15, 2017 5997 Views 1 comment Print

F Form Under Rajashthan VAT & Central CST Act, 1956

Goods and Services Tax : Section 6A of the Central Sales Tax Act, 1956 provides that in case the goods are transferred by a dealer from the state of Rajast...

April 28, 2016 5860 Views 0 comment Print

Analysis Of Declaration Form VAT 15 Under Rajasthan VAT Rules

Goods and Services Tax : In this article we will discuss the declaration forms that are available under RVAT Act read with Rajasthan Value Added Tax Rules...

April 21, 2016 14740 Views 1 comment Print

Section 115JB OF Income Tax Act, 1961(After Budget 2016)

Income Tax : Section 115JB is nothing but the Minimum Tax that a company is required to pay. This section provides that in case the tax payable...

April 20, 2016 190273 Views 5 comments Print


Section 147- Punishment for Contravention of Sec. 139 to 146 of Companies Act, 2013

March 3, 2015 24190 Views 2 comments Print

Punishment to Company: If any of the provisions of Sec 139 to Sec 146 is contravened then the company shall be punishable with a fine which shall not be less than Rs. 25,000.00 but which may extend to Rs. 5,00,000.00 as provided in section 147 of Companies Act, 2013. Every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to 1 year or fine which shall not be less than Rs. 10,000.00 but which may extend to Rs. 1,00,000.00 or with both.

Cost Audit Under Section 148 of Companies Act, 2013

March 3, 2015 53658 Views 1 comment Print

Where the Central Govt (CG) is of the opinion that the cost records of such class of companies engaged in the production of such goods and providing such services as may be prescribed , is required to be audited , then the CG on consultation with the regulatory bode can demand for cost audit to be conducted.

Statutory Auditor -Services Not to be Rendered, AGM Attendance & Signing Audit Report

March 2, 2015 5462 Views 0 comment Print

Manshi Baid SEC 144 OF THE COMPANIES ACT 2013 AUDITOR NOT TO RENDER CERTAIN SERVICES A person who is appointed as an auditor of a company can render only such services which have been approved by the board of director or the audit committee. But these services should not include the following services:- 1.       Accounting […]

Sec. 143 Power & Duties of Auditor & Auditing Standards- Companies Act 2013

February 25, 2015 107614 Views 11 comments Print

Manshi Baid SEC 143(1) : This section provides that the auditor of the company shall have the right to have access at all the times to the books of accounts and vouchers of the company , whether kept at the registered place or at some other places of the company. He can obtain all the […]

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