The new concept of having Independent Director is a welcome step for corporate governance in India. The Act, 2013 has conferred greater empowerment upon Independent Director’s to ensure that the management & affairs of a company is being run fairly and smoothly.
What is a Related Party Transaction? Under Section 188 of Companies Act, 2013 Entering into any contract or arrangement with a related party with respect to:- a) Sale, purchase or supply of any goods or materials; b) Selling or otherwise disposing of, or buying, property of any kind; c) Leasing of property of any kind; d) Availing or rendering of any services;
Detailed Procedure Procedure of Incorporation of a One Person Company (OPC) Under Companies Act,2013. Step 1: Acquire DSC. Step 2: Acquire Director Identification Number Step 3: Register DSC on mca website.
Author has compiled Specimen of Directors’ Report, Corporate Social Responsibility Report and Form No. AOC-2 as per Companies Act, 2013 for ready reference of our readers, which can be used for Compilation of Annual Reports.
INCOME TAX SLAB RATES FOR MALE ASSESSEE FROM ASSESSMENT YEAR 1992-1993 TO ASSESSMENT YEAR 2015-2016. Hello readers, I found many persons searching sites here and there for slab rates of some previous years , purchasing books for the purpose of making assessments or filing return of Income of their clients or Claiming relief under section 89 but cant find true picture so I decided to compile it for you.
Krishna, what are the Provisions in Income Tax Act, when a Taxpayer already owns a house and again Purchases another house i.e., ‘Second House’? Arjuna, listen carefully; otherwise having a second house may become a hardship. E.g. If the Taxpayer is having a House at Aurangabad and he purchases another Flat at Mumbai, then he has to show any one property as Self Occupied Property and has to pay taxes on second House.
भारत में वेट वर्ष 2006 में लगाया गया था और इस अप्रत्यक्ष कर की अंतिम तार्किक परिणिति गुड्स एवं सर्विस टैक्स के रूप में होनी थी इसीलिए तत्कालीन वित्तमंत्री श्री पी. चिदंबरम ने वर्ष 2006 के अपने बजट भाषण में जी.एस.टी. का जिक्र करते हुए कहा था कि पूरे भारत में एक ही अप्रत्यक्ष कर 1 अप्रेल 2010 से लगाया जाएगा जिसके तहत केंद्र सरकार कर एकत्र करेगी जिसे केंद्र एवं राज्यों के मध्य बांटा जाएगा.
CA Ram Bajaj Introduction 1. Section 14A was first inserted by the Finance Act, 2001. However, same was inserted with retrospective effect from 1-4-1962. The inserted section reads as under:— ’14A. Expenditure incurred in relation to income not includible in total income.—For the purposes of computing the total income under this Chapter, no deduction shall […]
Audit of accounts of certain persons carrying on business or profession The purpose of Tax Audit is to ensure that books of Accounts have been maintained in accordance with the provisions of the Income Tax Act. Tax Audit also ensures that the Accounts are properly being presented to the Assessing Officers when called for. However […]
The best way to prepare yourself for the interview is to know what may be coming and practice for it in advance. Fear of known can only exists when there is unknown. Take the time to understand some of the Standards when it comes to interviewing questions. Some job interviewers ask tough questions to trip you up or to get you to reveal information you may be trying to conceal.
