Charge as per section 2(16) of Companies Act, 2013 refers to creation of interest or a right on a property or asset of a company or any of its undertaking as a security and includes mortgage against loan provided to the company in respect of such interest. In the Companies Act, 1956, the word ‘Mortgage‘ […]
TAX AUDIT PROVISIONS ARE GOVERNED BY SECTION 44AB, 44AD AND 44ADA. If you see Section 44AB, then it provides that every business need to go for Tax audit if more than Rs. 1 crore Turnover in Previous year. However from AY 2021-22 every person carrying on business, whose turnover does not exceed Rs. 10 Crore, is not required to get their […]
Well, I believe that this Question ‘Should Finance Professionals Learn to Code’ is going to a be a buzzing question for 2022 and beyond among the accounting and auditing professionals as well as students. The need for embracing technology and digitalization will be felt not only for those who are into the Practice for their […]
Legality of roping in an unconnected third party in the rigors of an Income Tax Search and Seizure action (including bank lockers of such unconnected third parties) Introduction:- The authority and power to conduct search and seizure operations is strident and caustic power authorized by law to be taken recourse to when the conditions mentioned […]
Annual Information Statement (AIS) is a comprehensive statement covering details of all the Financial Transactions undertaken by the taxpayer. Principally, it is a tool that details the taxpayers about the information what the income tax department possess about them. Notably, till now, Form 26AS has served as a consolidated annual tax statement. Form 26AS contained […]
In any tax laws, refunds are most sought after thing for the taxpayers, so is in GST. Since the commencement of GST regime, refunds has always been a hot topic of discussion as there are several issues, confusion and mis-conceptions.
Introduction: Securities Exchange Board of India (SEBI) vide its notification dated May 05, 2021 made amendments in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2021, which would be known as SEBI (LODR) Second Amendment Regulations, 2021 with effect from its publication in official gazette on May 06, 2021. Main objective of amendment: Amended regulation were […]
eForm INC-27 – Conversion of public company into private company or private company into public company Part I – Law(s) Governing the eForm INC-27 eForm INC-27 is required to be filed pursuant to section 14 and 18 of the Companies Act, 2013 and rule 33 and 37 of Companies (Incorporation) Rules, 2014 which are reproduced […]
eForm INC – 22 (Notice of situation or change of address of the registered office of the company) Part I – Law(s) Governing the eForm INC-22 Section and Rule Number(s) eForm INC-22 is required to be filed pursuant to Section 12 (2) & 12 (4) of the Companies Act, 2013 and rule 25 & 27 […]
Part I – Law(s) Governing the eForm INC-4 Section and Rule Number(s) eForm INC-4 is required to be filed pursuant to Section 3(1) of the Companies Act, 2013 and Rule 4(4), (5), (6) of Companies (Incorporation) Rules, 2014 which are reproduced for your reference. Section 3: (1) A company may be formed for any lawful […]
