important sections of companies act


Cabinet abolishes cesses and surcharges in Custom and Excise to facilitate GST implementation

Cabinet approves Amendment of in the Customs and Excise Act relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST Regime Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the following proposals i Amendment to the C

GST to help in reducing prices of various items

FM Government to focus on two important areas including building infrastructure on war footing and substantial expenditure on development of rural India For FDI India is most preferred destination in the world today Major indirect tax reform in the history of the country since independence i e Goods

Payment of Wages by cheque or crediting to bank accounts

The present wage limit for applicability of the provisions of the Payment of Wages Act 1936 is Rs 18 000 per month The Act has been amended by Payment of Wages Amendment Act 2017 effective from 28 12 2016 to enable the employers to pay wages to their employees by a cash or b cheque or c crediting to

Service Charges are Discretionary and Voluntary

Service Charges are Discretionary Voluntary Ministry of Consumer Affairs Food and Public Distribution The Ministry of Consumer Affairs Food and Public Distribution has issued advisory to all the State Governments UTs to sensitise the companies hotels and restaurants in the state regarding the releva

Macroeconomic Impact of Demonetisation

Macroeconomic Impact of Demonetisation A Preliminary Assessment Demonetisation announced on November 8 2016 was aimed at addressing corruption black money counterfeit currency and terror financing Although demonetisation holds huge potential benefits in the medium to long term given the scale of ope

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Statement of financial transaction

our company is an NBFC company and the department has send a notice to file SFT but we do not do audit u s 44AB and even we do have any term deposit then why should we file this transaction what should we do

Cash transaction limit with banks

Sir I have one query for cash transaction of saving bank of Rs 49900 and in a year Rs 990000 and in current a c 190000 and Rs 4990000 but Sir if one is running school and is collecting fees in form of cash and some cheques because banks are not providing pos machine so the assessee can only remit Rs

Accounting & taxation of contractors who take govt contracts

Sir Madam I want to Know about the Accounting and Tax Compliance direct as well as indirect of Contractors or Engineers who take contracts from P w d or various works contracts department of State Central Govt or Local Authorities As the Govt delays payment of Bills T D S also delays in Form 26 AS s

Shifting of manufacturing

if a company shifting location of manufacturing to other place what is the procedure of accounting and asset in old location are abondended and in new location only a few old asset value is used

Entry tax on works contact in karnataka

My company is receving works contact services from contractor whther we have to pay entry tax on materials used inworks contract forconsructing office building plz provide documentation proof in this regard


International transaction

Dear Expert Company A is an Indian Company engaged in Tours and travelling business Overseas The Company A receives order from Indian cleints That may be individual and Group who wants to tour overseas particularly in Bali Indonesia As per oral agreement Company A outsources that tour to Indonesian

Payment of bonus act

How to calculate the allocable surplus in case of a company having three units at separate places What if company having losses in previous financial year and want to give bonus this year Will those losses be set off against profits of current year

Income tax act 1961 amended 2016

Can anyone post link to income tax act 1961 as amended 2016

Can we take cvd and sad credit on this transaction.

Hi We have imported a machinery in our GUJRAT PLANT and it got installed out there too The shipping documents was also in favour of our GUJRAT Plant but due to some clerical mistake the address on Bill of entry was mentioned of our PUNE PLANT instead of our GUJRAT PLANT where the machinery is import

Can we take cvd and sav transaction on this.

Hi We have imported a machinery in our GUJRAT PLANT and it got installed out there too The shipping documents was also in favour of our GUJRAT Plant but due to some clerical mistake the address on Bill of entry was mentioned of our PUNE PLANT instead of our GUJRAT PLANT where the machinery is import

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How to do 'GST impact study' of a Small and Medium Enterprise

Background The implementation of GST would be a milestone for the Indian economy that is expected to cause overall growth in the long run subject to few temporary adverse impact on portion of the industry say those who are currently enjoying the tax exemption benefits or service industries whose cos

Impact of GST on Banking Sector

Registration As per Model Law banks having branches in multiple States and Union Territories UTs will be required to register in each such State and UT Currently banks follow the Zonal or Regional structure where for one large State there may be more than one Zone and conversely one Zone may compris

GST Impact on last Service Tax Return ST-03

GST the dream of Central Government will finally come true as GST Council has granted approval to CGST IGST SGST UTGST and Compensation law and these laws have been approved by the cabinet So once again GST will become a matter of discussion for all industries However we should not forget that next

Impact of GST on ERP System in India

Indias most ambitious indirect tax reform is likely to roll out from 1 July 2017 The major objective of the Goods and Service Tax will be to eliminate cascading effect of indirect taxes GSTcould be the biggest tax reform inIndia replacing existing Indirect taxes such as Excise Value Added Tax VAT Se

Stock Transfer Under GST and Impact on Working Capital

Our country is going to have the biggest tax reforms in Indirect tax regime as GST since independence This will be a single unified Indirect Tax System GST will replace number of existing Indirect taxes All the business organization need to register their business for each location of business for s

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Updated on : 3/25/2017 4:29:11 PM

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