♦ Section – 186: Loan and Investment by Company: > “investment company” means a company: whose principal business is the acquisition of shares, debentures or other securities and will be deemed to be principally engaged in the business of acquisition of shares, debentures or other securities, if its: √ assets in the form of investment […]
Annual return on Foreign Liabilities and Assets has been notified under FEMA 1999 and it is required to be submitted by all the India resident companies which have received FDI and/ or made overseas investment in any of the previous year(s), including current year by July 15 every year. Non-filing of the return before due date will be treated as a violation of FEMA and penalty clause may be invoked for violation of FEMA.
Meaning of One Person Company One-person company means as its name says that only one person in a company as a member. In other words, we can say one-person company can be incorporated by having an only one member. The Companies Act, 2013 completely revolutionised corporate laws in India by introducing several new concepts that […]
A good and strong banking infrastructure plays a vital role in supporting economic activity and meeting the financial needs of all sections of the society and thus contributing in the overall growth of the country. For the smooth flow of credit in an economy and to meet various other requirements of the country, it is essential that banks should be financially sound. Capital adequacy ratio (CAR) is one of the measures which ensures financial robustness of banks in absorbing a reasonable amount of loss.
Special Provisions For Computing Profits And Gains of Business On Presumptive Basis [Section 44AD] (1) Introduction: – To reduce the tax burden and to provide relief from tedious work to small tax assesses, the government of India has incorporated a scheme of presumptive taxation. Businesses adopting the presumptive taxation scheme are not required to maintain […]
Investor Education and Protection under Companies Act, 2013 1. Power to whom Section 125(1) CG shall have power to established a fund to be called the Investor Education and Protection Fund. 2.What types of amount to be credited to the Fund Section 125(2) and Rule 3 1. Amount given by the CG by way of […]
Discover the benefits of filing income tax returns: from availing loans to visa and immigration processing. Don’t miss out on these advantages.
We were discussing about Long term Debt Asset class under which we had discussed completely about the Other Cash category which further includes Loans.
The recent changes in sections 44AB and 44AD have left these sections quite convoluted. The turnover threshold limit to get books of accounts audited has also been increased to Rs. 5 Crores provided minimum criteria of digital transactions is satisfied. Moreover, certain scenarios which required an assessee to get his books of accounts audited under […]
Section specific advance ruling under GST Act – Sec 7 of CGST and SGST Act 2017 Article contains section 7 “Supply” related advance rulings under GST pronounced by Advance Ruling Authorities of Various States. Advance ruling’ means a decision provided by the Authority or the Appellate Authority to an applicant on matters or on questions […]
