APPOINTMENT OF FIRST AUDITOR BY BOARD OF DIRECTORS: The First Auditor of a company (other than a Government Company) shall be appointed by the Board of Directors within 30 days from the date of registration/Incorporation of the company. TENURE OF FIRST AUDITOR: First auditor shall hold office till the conclusion of the First Annual General […]
Understanding the taxation implications of gratuity, pension, and retirement compensation for salaried individuals. Get clarity on the financial aspects.
The concept of a Social Stock Exchange (SSE) is rather new. It is a mechanism that allows companies engaging in work for the betterment of the society to raise finance in an environment that is quite similar to that of a stock market.
I had the opportunity to listen to Mr. Yashwant Sinha, former finance minister of India speaking his mind in a webinar organized by the Cochin Chamber of Commerce on the 20th of November 2021. He spoke for over an hour and took several questions from the participants. The crux of his delivery is reproduced here […]
Interest is paid on the income tax refund as per provisions of section 244A of the Income Tax Act, 1961. The present article covers the reflection and processing of ‘interest from income tax refund’ in Annual Information Statement (AIS). Information source and AIS processing of ‘interest from income tax refund’- Any interest received on an […]
The newly introduced Annual Information Statement includes information that is presently available with the Income Tax Department. It is a comprehensive overview of taxpayers’ information displayed in Form 26AS. The taxpayer can access AIS by clicking the link ‘Annual Information Statement (AIS)’ under the ‘Service’ tab available on the new income tax portal (i.e., https://www.incometax.gov.in/iec/foportal). […]
eForm INC-18 – Application to Regional Director for conversion of section 8 company into any other kind of company Part I – Law(s) Governing the eForm INC-18 Section and Rule Number(s) eForm INC-18 is required to be filed pursuant to Section 8 (4) (ii) of the Companies Act, 2013 and Rule 21(3) of Companies (Incorporation) […]
eForm ADT-2 – Application for removal of auditor(s) from his/their office before expiry of term Part I – Law(s) Governing the eForm ADT-2 eForm ADT-2 is required to be filed pursuant to Section 140(1) of the Companies Act, 2013 and rule 7(1) of the Companies (Audit and Auditors) Rules, 2014 which are reproduced for your […]
eForm CG-1 –Form for filing application with Central Government Part I – Law(s) Governing the eForm Section and Rule Number(s) eForm CG-1 is required to be filed pursuant to the Companies Act, 2013. Purpose of the eForm A company can seek approval from Central Government by filing application under Companies Act, 2013 in eForm CG-1. […]
eForm CRA-2 – Form of intimation of appointment of cost auditor by the company to Central Government Part I – Law(s) Governing the eForm eForm CRA-2 is required to be filed pursuant to section 148(3) of The Companies Act, 2013 and rule 6(2) and 6(3A) of The Companies (cost records and audit) Rules, 2014 which […]
