BACKROUND:As per Section 3 of Indian Stamps Act 1899, Every Share Certificate must bear the necessary stamp duty as per the Stamp Act of the respective State/ Union Territory from which Certificate is issued. The rates of stamp duty can be obtained w
The companies act 2013 provides for the managerial remuneration. According to section 197 of the companies act, the total managerial remuneration payable by a public company, to its directors, including managing director and whole time director and i
Filling of GSTR 2 on GST Portal
As I have earlier written in my article that approx. 82763.58 crores has been collected through education cess only for Fin year 2014-15 (the data collected till 31st October).Refer to my earlier article- Click hereNow below I have collected the dat
When the result of Civil Services 2012 was declared it brought a huge smile on the face of the whole CA community reason being a Chartered Accountant coming up with flying colours in that examination. The 3rd rank holder of CA Examination 20
One of the major Indirect Tax reforms that India is going to face is in form of Goods & Services Tax (GST), which will replace the current Multiple Indirect Tax regime. GST is being debated over in India for about more than a decade and it has go
A Private Company has one Executive Director i.e. Whole Time Director and two Non-Executive Directors. The Whole Time Director holds 90% of the paid-up share capital in the company while the other 10% is held by five shareholders. A monthly fix
Blocked credit refers to the input tax credit that cannot be claimed by a taxpayer under the GST regime. Input tax credit is the tax paid on inputs, i.e., goods and services that are used in the course of business, which can be set off against the output tax liability of the taxpayer.
Dear Friends!! I came across a number of queries in relation to applicability of Service Tax on services performed in India for Service receivers Outside India.Some of the typical cases were:1. Service of Recruting staff for employment for a Company
Annual Return on FLA Introduction:FLA stands for foreign liabilities and assets. The filing of annual return on foreign liabilities and assets has been notified under Foreign Exchange and Management Act, 1999. It is mandatory for all Indian resident
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English