As per the Income Tax Act 1961 A person making payment to other person upon a threshold limit need to deduct tax. In case of Employer making payment to his Employee in a term of Salary. Employer gives the details of salary in form 16 his total salary paid and credited to his account in […]
[Ref: M/S Metenere Ltd Vs. Union of India and another (WRIT TAX No. – 360 of 2020 before Hon’ble High Court of Allahabad) order dated 17th December, 2020]. Petitioner in the reference case has filed a writ petition challenging the order passed by the Additional Commissioner dated 27.1.2020 as well as the Appellate Order dated […]
The most important and basic work for a Company Secretary during their Internship or Job is to draft a RESOLUTION. This is the term we heard on a very frequent basis from our Bosses. The word RESOLUTION may sound very basic. But to draft, we must have a basic knowledge for the same. So, let’s […]
The Layoff of employees by the corporates has become the bitter truth of the corporate world. Thanks to the pandemic! When you hear about a company laying off its employees, you feel insecure and demoralized. I have heard of a quote that says – ‘You are paid by how hard you are to replace. Not […]
Procedure For Closure of LLP In case the Limited Liability Partnership (LLP) wants to close down its business or where it is not carrying on any business operations for the period of one year or more, , it can make an application to the Registrar of Companies for declaring the company as defunct and removing […]
The Parliament of India enacted the Limited Liability Partnership (LLP) Act, 2008 to introduce a special corporate business vehicle to be known as LLP that allows its members to have the flexibility of organising their internal structure as a partnership and also provides the benefits of limited liability as availed by Companies. Limited Liability Partnership […]
Unlike someone who calls themselves a CPA or doctor, almost anyone can call themselves a ‘financial planner’ or a ‘financial advisor’ regardless of their educational background and professional experience. In addition, not everyone is impartial in their advice and not everyone always acts in the best interests of their customers. To make sure your financial […]
CHAPTER – X: AUDIT AND AUDITORS Section – 139: Appointment of Auditors 139(1) Every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its 6th annual general meeting and thereafter till the conclusion […]
[The relevant sections of the applicable Acts have been mentioned in brackets] 1. What is nomination? Nomination is the naming of a person (or persons) by the owner in whom the owner is desirous of his share and interest in the flat being transferred on his death. [Section 30 of the Maharashtra Co-operative Societies Act, […]
now a taxpayer can know all the details about his purchaser before making any purchase from his supplier. This facility might work as an information exchange module between the recipient and supplier. Taxpayers and registered persons now can search GSTIN of any other taxpayer and view his profile in detail.
