Channel Financing / Supply chain financing. Channel financing is a structured programme though which the bank offers short term working capital facilities to the supply chain stake holders i.e. buyer and the supplier.
Pre Shipment Finance is issued by a financial institution when the seller want the payment of the goods before shipment. The main objectives behind preshipment finance or pre export finance are to enable exporter to: Procure raw materials. Carry ou
Section 289 of the Companies Act, 1956 relating Section 175 of the Companies Act, 2013 states about the passing of resolution by circulation. The relating provisions are as below:(1) No resolution shall be deemed to have been duly passed by the Board
Applicability of various provisions of Income Tax Act 1961 to Insurance policies: Also a debate over newly inserted section 194DAA brief DescriptionWith a view to inculcate a habit of thrift, GOI, has through Income Tax Act 1961 and various Finance A
Highlights of Section 194-IA (TDS On Sale/Purchase of IMMOVABLE PROPERTY)Crux :1.As per Finance Act of 2013, TDS is applicable on transfer of any Immovable Property(other than agricultural land), wherein the consideration of the property exceeds or i
Dear Professionals Colleagues, It is my humble effort to update you all regarding a very important amendment in Corporate Laws through MCA Notification dated December 14, 2011. Ministry of Corporate Affairs has vide its notification dated 14.12.20
Dear Members, This Article is in continuation to my previous Article titled “PROCEDURES FOR INCORPORATION AND REGISTRATION OF COMPANIES”. Kindly excuse me if you fine any typing error. The date of incorporation of a company may not be th
Taxability in the hand of company and employee of free food In todays competitive environment the employers are constantly working hard with their Human resource department to lure their talented employees to retain them for future. For thi
Income tax department has started sending notices (Compliance Query) to non-filers for the assessment year 2013-14 & onwards & are also using the said information to verify under-reporting of income. The income tax department has been capturing infor
In continuation of my previous article on Income Tax procedures, I have once again come up with next part having special focus on scrutiny assessments. Links to previous parts: Part 1: Income Tax Practical Procedues in FAQ Style
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