Get a comprehensive analysis of Section 206AB of the Income Tax Act. Learn about the need for this provision, applicable TDS rates, exclusions, and more.
Cryptocurrency is a word at everyone’s mind with lots of questions like Is it Legal, Is it profitable, everybody is purchasing should I purchase and Elon had given us target should we Purchase? Cryptocurrency is a medium of exchange in which ownership record of an individual is stored in digital Ledger maintained at computerized database […]
In exercise of the powers conferred by section 135 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Ministry of Corporate Affairs came with rules namely Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 further to amend the Companies (Corporate Social Responsibility Policy) Rules, 2014 vide Notification issued by Ministry of […]
The concept and overview of ‘Oppression’ & ‘Mismanagement’ is defined u/s. 241 of Companies Act 2013, and can be r/w Section 397(1) of Companies Act of 1956. The words, ‘Oppression’ and ‘Mismanagement’ are not defined under any provisions of Companies Act, 2013, but through the various decided case laws from the year 1956 till now, […]
Aditya Balkrishna Shroff Vs ITO (ITAT Mumbai) In the present case, it is not even in dispute, and rightly so, that the receipt is in question is in the capital field but the Assessing Officer has taxed it on the basis that “the gain on realization of loan would partake character of an income under […]
The Finance Act, 2019 introduced a new section, Section 194N which brings the concept of TDS on cash withdrawal. In order to strengthen the Digital Economy and to curb on physical cash movement, the Government of India took the initiative to tax the person(s) who withdraw heavy cash from the bank account and below is […]
INTRODUCTION In general, deposits mean the sum of money kept at the banks to gain interest on it periodically. The deposit is considered as the property or assets of the person who gives such an amount to the bank for safekeeping. Bank and other financial institutions take deposits as it is their primary source of […]
♦ Tax Avoidance is one of the most important method resorted to by the taxpayers as here they try to look after the loopholes present or existing in the tax law may be in the form of lack of proper jurisdiction to hear case or in the form of lack of proper stringent and vigil […]
Ready Reckoner To Various Limits and Applicability Of Major Sections Under The Companies Act, 2013 Memorizing and recalling each and every limit and applicability of various sections in an act so enormous is not an easy task. Following is a ready reckoner – bringing together the applicability limits of all such provisions at one place […]
Article explanations about Acceptance From Designated Partners/Members/ Shareholder (section 73(2) (Companies Act, 2013), Loan from Director or a Relative of Director (Companies (Acceptance of Deposits) Rules, 2014 read with Section 73, Loan from another Company and Loan From Banks & Financial Institutions. SR NO. PARTICULARS LLP PRIVATE COMPANY PUBLIC COMPANY 1 Acceptance From Designated Partners/Members/ Shareholder […]
