Popular Articles

Service Tax on Export of Services

Posted by Guest 19 November 2013 172126 Views

Since the day I started reading tax it was dinned in my ears that exports are tax free and that it is akin to blasphemy to export tax. Change alone is permanent in this universe and taxation is no exception? The Finance Act, 1994 has seen many ups

Stamp duty on transfer of shares

Posted by G S Rao 20 August 2012 171859 Views

Introduction As per Indian Stamp Act,1899, Stamp duty is payable on instruments and an instrument has been defined as any document

Holding Company/Subsidiary Company - The Companies Act, 1956

Posted by Venkateswara Rao Sapare 29 May 2012 171450 Views

How do we assess which company is a Holding Company and which is its Subsidiary Company? A Holding Company may be a Subsidiary Company of some other Company. Similarly a Subsidi

Issue Of Debentures Under Companies Act, 2013

Posted by Neha Redekar 07 July 2023 171180 Views

Debenture is a written instrument acknowledging a debt to the company. It contains a contract for repayment of principal after specified period or at option of company together with interest.

Filing revised return under Income Tax Act, 1961

Posted by Amit Bajaj 06 June 2011 171125 Views

If a person has filed his return of Income u/s 139(1) of Income Tax Act 1961 i.e within the due date of filing the return and if he subsequently finds that in the original return he has committed some mistake bonafidely then he can revise his return

Holder in Due Course - Negotiable Instruments Act, 1881

Posted by FCS Deepak Pratap Singh 27 March 2024 171123 Views

A holder is a person who legally obtains the negotiable instrument, with his name entitled on it, to receive the payment from the parties liable.

Annual Filings of LLP

Posted by Perila Sheth 16 April 2014 170495 Views

ANNUAL FILING OF LLP All LLPs shall be under obligation to maintain annual accounts reflecting true and fair view of its state of affairs.Every Limited Liability Partnerships (LLPs) is required to file LLP Form 8 (Statement of Account & Solvency

What is Professional Skepticism

Posted by Kaustuv 28 January 2008 170430 Views

Professional skepticism § Professional skepticism is a key element of a quality audit § Professional skepticism means: · Not accepting the evidence you have gathered at face value· Continuing to pursue all avenues of inquiry on the topic at hand

House property Income Computation

Posted by PC-www.bharadwajinstitute.com 21 June 2008 170046 Views

Income from House Property (Section 22 to 27) HP under Rent Control Act HP not covered under Rent Control Act a. FRV or MRV whichever is higher b. Amount (a) or SR whichever is

The real effect of section 50C of the Income Tax Act, 1961

Posted by CA SIDDHARTH MEHRA 11 February 2011 169888 Views

Introduction Section 50C was inserted by the Finance Act, 2002 with effect from April 1, 2003. It reads as under : Special provision for full value of consideration in certain cases.(1) Where the consideration received or accruing as