Discover the exemptions towards interest to non-residents under Section 10(4) & 10(4B) of the Income Tax Act. Learn about the categories eligible and the types of exemptions available.
Krishna, The government, considering the sufferings of businessmen throughout the country due to CORONA , has provided relief amidst such outbreak. What is the relief provided?
SECTION 139(1) requires that every person; a) Being a Company or a firm or; b) Being a person other than a Company or a firm if (i) his /her total income or (ii) the total income of any other person in respect of which he is assess able under the Income Tax Act, during the […]
Practically there has been different practice for disclosure of interest in MBP-1 due to interpretation issue w.r.t, disclosure of concern and interest of Directors in Section 184. For detail of shareholding in MBP-1 concerned different professionals taking different views and adopting different practices. I have tried of discuss the above issue. This write-up is only […]
MCA issues General Circular No. 12/2020 dated 30.03.2020 to notifiy Company Law Fresh Start Scheme, 2020 which is for the benefit of all Companies who have defaulted in filing of Statutory forms on MCA. This Scheme will comes into operation from 01st April, 2020 and will end on 30th September, 2020. Company Law Fresh Start […]
Registered Valuer is a new concept introduced by Section 247 of the Companies Act, 2013 to regulate the valuation of the various assets and liabilities related to a Company and to standardized the procedure of Valuation in line with International Valuation Standards. Before introduction of the concept of Registered Valuer, the valuation of assets and […]
A contract typically will be executed amid two parties who are legally qualified to enter and execute a contract. A contract once executed will be binding on the persons/companies who are parties to the contract. An executed contract can be unilateral or mutual contract based on the application of the terms and conditions of the […]
There are certain occasions when the income of your spouse gets clubbed with your income. So, if you are planning to transfer any of your income or any asset to your spouse to avoid the associate tax on such income, hold on. There are certain specified situations when the income of both the husband as […]
Various efforts are being made by the central and state governments to control the spread of COVID-19, commonly known as coronavirus. The task is tough and demands various measures to be taken simultaneously on war footing to control the virus from spreading and graduating from phase one to phase four. Phase four is considered to […]
In the service industry, the business deals amid the Supplier and the Customer will be effectuated via execution of a Master Service Agreement. Master Service Agreement (MSA) is the prime document amid the Supplier and the Customer establishing a legal business relationship amid the Supplier and the Customer in relation to supply of certain goods/services. […]
