Financial statements are one of the most important written records which give a true and fair view of the state of affairs of the company and which shows the financial performance of the company. Before proceeding further, let’s first understand, what Financial Statements are: The term Financial Statement is defined under CA, 2013 under Section […]
Applicability of Various Sections of Companies Act, 2013 as amended by Companies (Amendment) Act, 2019 Sr. No Section Compliances as per Companies act, 2013 Threshold limit for applicability 1 2(6) Associate Company In relation to another Company, means a company in which that other Company has a significant influence, but which is not a subsidiary […]
GST department has taken enough care of their taxpayers by extending the due dates for GST compliances due to the underlying pandemic situation. The department has waived the late fees in several circumstances, for small taxpayers (i.e. they are happy like the small sisters who have got their rakhi gift) and reduced the late fees & interest wherever necessary to relieve the taxpayers.
Many taxpayers are not aware the provision of the income tax act on how to save the tax on the sale of residential property. They earn profits on the sale of residential property and pay the taxes. They can save the tax. I have brief the methods from which the taxpayers can save the tax. […]
How to enroll on independent director’s data bank and pass examination for independent director My article is related to preparation of exam of independent director. In this article I am trying to help my Profession colleagues or others who want to pass their exam and wish to add his/her name in the database of independent […]
As word define itself that goods whether input or capital goods supplied by principal for further processing. As per Section 2(68) of CGST Act 2017 defines job work as ‘any treatment or process undertaken by a person on goods belonging to another registered person. The one who does the said job would be termed as ‘job worker‘. The ownership […]
Since the covid-19 pandemic, many people started direct trading in stocks. Even brokerages have seen a surge in the number of new demat accounts after February this year. In this article let’s understand what is a meaning of intraday trading, it’s taxability, where to report them in the income tax return and which ITR form […]
In our country drinking RO water is stark necessity for some, essential for many and just a splurge for the others. Most of us use RO water as an abundant caution to protect ourselves from waterborne diseases. It is pertinent that atleast 4 parts of water is needed to produce 1 part of RO water […]
Now-a-days Income Tax department investigates alleged trading/investment in shares and securities with collusion/connivance with any listed companies or with share broker by conducting Search/ Survey or by asking details u/s 133(6) of the Income Tax Act 1961.
Of late, the concept of Transferable Development Rights (TDRs) has been very much in vogue, in regard to the developers and builders engaged in the business of estate development, as also the Central, State Governments or other semi-Government agencies, which are required to provide civic amenities like roads, playgrounds, parks, etc.
