To constitute interstate sales, one of the basic requirement is that there should be sale. If a person sends goods outside from its state to its branch office in another state then it is not sale because you cannot sell goods to yourself. Similarly
Before going to review the concern provisions of the Companies Act 2013 for Annual General Meeting, first we must understand the term Financial Year.FINANCIAL YEAR (SECTION 2(41)):The 2013 Act has introduced a significant difference in the definition
Exempting Section - (Section 10(34) Any income by way of dividends referred to in section 115-0 shall be exempt from income tax Indian Company All Dividend exempt from tax in the hands of the shar
Introduction:Many countries around the world are committed to adopt IFRSs directly or to get their national standards aligned with IFRSs. The change to IFRS will have major effects on the financial statements. This is because of the following reasons
Step wise Registration Process for Limited Liability Partnership (LLP) Recently most entrepreneurs have started opting for Limited Liability Partnership, considering it has most positive features of Partnership and Companies. It is hybrid form which
Work contractor definition : Works contract, for the purposes of section 65(105)(zzzza), means a contract wherein,- (i) Transfer of property in goods involved in the execution of such contract is livable to tax as sale of goods, and (i
The word concurrent itself defines its meaning, concurrent means happening at the time. Concurrent Audit means doing the examination of the financial transactions at the time of happening or parallel with the transaction. Most of the new articl
Cenvat Credit Rules from scratch
The Companies Act, 2013- Provisions relating to Notice of General Meetings Introduction: The Companies Act, 2013 will now replace the old Companies Act, 1956 in a phased manner and will come into full force when the Central Government notifi
With the implementation of Companies Act, 2013 the Ministry of Corporate Affairs has notified the provisions relating to rotation of auditors/audit firm w.e.f. 01st April, 2014. Changing nearly six dec
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English