VARIATION OF SHAREHOLDERS’ RIGHTS Applicable provisions: Section 48 of the Companies Act, 2013. Where a share capital of the company is divided into different classes of shares, the rights attached to the shares of any class may be varied from the other class of shareholders. The consent of not less than 3/4 holders of the […]
Term insurance plans can help you secure the financial future of your loved ones. If a working family member dies prematurely, his family can become dependent on others. Inflation, rising living costs, spending on children, debt, medicine, and severance pay are some of the financial obligations you have to meet. The contract period allows you to assume all of these obligations in your absence.
Understanding the tax treatment of acquired goodwill under the Income Tax Act, 1961. Find out if depreciation is allowable for goodwill.
GST on Joint development agreements (i.e Ratio deal) A. Taxability in the hands of landowner 1. Landowner will transfer development rights of his land to the developer for development of residential or commercial apartments. 2. In consideration for transfer of development rights, landowner can get payment, either in terms of money (i.e revenue sharing) or […]
FCRA i.e. Foreign Contribution Regulation Act was earlier enacted in year 1976 by Ministry of Home Affairs (MHA) to regulate the foreign funding that received by various charitable institute, political parties, print and other media and to prevent the foreign organizations or individuals from influencing the social, political economic and religious matters in India. The […]
Return filing process for Tax Audits under New Income Tax Portal-Form 3CB, 3CD and DSC registration for Tax professionals(CA) How to file 3CB & 3CD for Tax Audit Cases under New Income Tax Portal : Step 1 : First login to taxpayers account – https://eportal.incometax.gov.in/iec/foservices/#/login Step 2 : Navigate to E-File > Income Tax Forms […]
Valve, one of the world’s largest gaming platforms, has banned blockchain-based games from its platform. The digital video game publisher, distributor, and developer have, in essence, booted decentralized gaming alternatives from Steam, its game distribution service.
Introduction The rate of depreciation on computers and computer software is 40%. That means while calculating taxable business income, assessee can claim deduction of depreciation@ 40% on computers and computer software. In order to claim depreciation @40%, the equipment should fall within the expression “computer”. If the equipment in question do not fall within the […]
International Public Sector Accounting Standards (IPSASs) are a set of accounting standards issued by the IPSAS Board (IPSASB) for use by public sector entities around the world in the preparation of financial statements. These standards are based on International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).
We have discussed on various occasions the importance of an insurance cover and its benefit to keep us financial viable in case of occurrence of any insured peril. Insurance is a valuable method of transfer and reduction of risk. We generally transfer our risks to the insurance companies on the basis of payment of a […]
