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Penalty on Undisclosed Income unearthed during the Search & Survey –Analysis in present scenario - CA Vidhan Surana & CA Sunil Maloo The legislature has intentionally drafted the provisions relating to Search and Survey in the statue book of Income Tax  Act, 1961 with the target of unearthing the undisclosed ...
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Disallowance u/s. 40(a)(ia) applies only to amounts ‘payable‘ as of 31st March – SC ...
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Whether wealth tax is leviable on the making charges of the jewellery? – A Detailed Analysis - CA Vidhan Surana & CA Sunil Maloo Under the scheme of Wealth Tax in India, Wealth tax is levied on the net wealth of the every individual, Hindu undivided family and company as ...
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MCA vide circular no 23/2014 dated 17th July 2014 has issued various clarifications on one of the most of the argumentative section under the Companies Act 2013 i.e. section 188 Highlights of the clarifications issued are given below: Voting by related parties in general meeting  As per second proviso to ...
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CLARIFICATION Applicability of the Companies Act, 2013 to Auditor’s Report to FY 2014-15 and Onwards The Ministry of Corporate Affairs, on 26th March 2014 notified a majority of the remaining sections of the Companies Act, 2013, including sections 139 to 148, relating to audits and auditors. The Act was stated ...
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Highlights of the clarifications issued are given below: Voting by related parties in general meeting As per second proviso to sub-section (1) of section 188 no member of the company shall vote on a special resolution to approve the contract or arrangement (referred to in the first proviso), if such ...
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LIBERALISED REMITTANCE SCHEME (LRS) FOR RESIDENT INDIVIDUALS-INCREASE IN THE LIMIT FROM USD 75,000 TO USD 125,000 A.P. (DIR SERIES 2014-15) CIRCULAR NO. 5, DATED 17-7-2014 1. Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the guidelines regarding the Liberalised Remittance Scheme (LRS) for Resident Individuals (the Scheme) ...
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