Appointment for 5 Years: {Section: 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 sixth annual general meeting and thereafter till the conclusion of every sixth meeting. Ratification of Auditor: […]
This is to inform you that due date for filing Quarterly TDS/TCS statement for Q2 of FY 2015-16 is fast approaching. Do submit the quarterly TDS/TCS statement on or before due dates (as mentioned below) to avoid late filing fee under section 234E of Income Tax Act.
So far as works contracts are concerned, it is always a matter involving a lot of complications and controversies. It’s always been a matter of headache not only for businessmen but also for practitioners. Let’s try to understand and summarize matters relating to works contract so far as they relate to provisions of Maharashtra Value Added Tax Act, 2002.
The system and manner of conducting of Tax Audit u/s 44AB have changed drastically in recent time. We now in electronic age, thus have to file the Tax audit Reports by e filing. The journey of tax audit report started with manual filing, proceeded towards to No filing and now the present going on procedure […]
Managerial Persons covered are Managing Director, Whole-time Director, Part time Directors and managers who shall be paid remuneration subject to and in accordance with provisions of Section 197 of the Companies Act, 2013. As compared to various sections and chapters viz section 198, 309, etc of Companies Act, 1956 which deals with Managerial remunerations separately, the new Act […]
Firstly to understand the provisions & needs of Form 15CA & 15CB, we have to understand the income Tax Act & Rules made behind the compliances and transactions required the compliances of Form 15CA & 15CB. 1. Section 195(6) of Income Tax Act- The person responsible for paying to a non-resident, not being a company, or to a foreign company, any sum, whether or not chargeable under the provisions of this Act, shall furnish the information relating to payment of such sum, in such form and manner, as may be prescribed.
The Companies Act, 2013 requires companies to compute the depreciation in accordance with the Schedule II to the Companies Act which provides useful lives to compute the depreciation. Accordingly, provisions governing charge of depreciation in the erstwhile Schedule XIV to the Companies Act, 1956 have been replaced with Schedule II to the Companies Act, 2013.
1. Forward to Stock Exchange promptly copy of proceedings of AGM. [Clause 31(d) of Listing Agreement]. 2. Submit to the Stock Exchange details regarding the voting result within 48 hours of conclusion of AGM. [Clause 35A of Listing Agreement]
BACKGROUND: In my earlier article I have discussed and shared the documents relating to the Board Meeting required to be held before Annual General Meeting. In this article I am going to discuss about the Documents and working of Annual General Meeting required to be held for following mandatory purposes: Like: Adoption of Directors’ Report/ […]
The abatement for GTA service as given under notification no. 26/2012 Dated 20.06.2012 as amended from time to time is 70% and therefore 30% of service tax is liable to be paid. In fact, the abatement ratio has been amended vide notification no.8/2015 dated 1st March, 2015 and the change of abatement from 75% to 70% is w.e.f.1st April, 2015.
