Popular Articles

Understanding Dis-allowance Under Section 40 of Income Tax Act, 1961 with Latest Case Laws

Manish Kumar Agarwal 05 December 2011 at 16:56

Now a days, assesses are facing number of disallowance under various clauses of section 40 of the act by the Income tax officials. These issues were handled with due care at the time of the assessment itself so that in the case of forc

Analysis of Sec 185 of the companies act 2013: Every banker should know

CA Sumat Singhal 06 January 2016 at 11:04

Giving a corporate guarantee to banks/lenders by a company, other than the borrower, that the loan will be paid back, is a usual practice in the normal course of trade and commerce across the world. By and large, a larger company (often a known flagship

Section 43 B of income tax act,1961

PIYUSH SINGH 12 February 2009 at 14:26

Section 43 B (Allowance Of Deduction on Payment Basis)If the assessee follows mercantile system of accounting actual payment of expenditure during the P.Y is no..

Service tax on Director's remuneration payable by companies

CA Meenu Garg 18 August 2012 at 12:14

All the companies are required to pay service tax under reverse charge on any remuneration paid to its directors whether in the form of money or otherwise and thresh hold limit of Rs. 10 lakhs will not be applicable on such case. As per the ame

A few aspects of applicability of Tax audit

CA CMA CS Ram Pavan Kumar Melam 12 June 2013 at 12:38

The voluntary tax compliance by the taxpayers considerably widened after the insertion of tax audit under section 44AB in the Income-tax Act, 1961 by the Finance Act, 1984. An important revision to Tax Aud

ESIC in detail

@VaibhavJ 05 January 2013 at 15:05

Employee State Insurance (ESIC) Act, 1948 Objective The Employees State Insurance Act, ESI Act for short, was enacted by the Government of India in 1948. The major objective of the Act was to provide certain benefits to employees in ca

Proxies as per Section 105 of the Companies Act 2013

CS CHARU VINAYAK 14 January 2020 at 11:48

A proxy is a person, who is appointed by a member to attend and vote at a meeting in the absence of the member.

What are the consequences of Non - Filing of Returns

Amita jhunjhunwala 30 June 2012 at 15:39

Q. What is Income Tax Return Filing? Ans: Return of Income is nothing but an evidence of the income earned by a person (individual, company, LLP, AOP, BOI, and HUF etc.). It is merely mode

Accounting Entries in GST

sushil 04 September 2017 at 10:53

Accounting Entries covering cases of local as well as Inter-state and also how ITC of CGST, SGST, IGST utilized

TDS Provisions Applicability

Vandana Saluja 23 March 2013 at 11:31

TDS (Tax Deducted at Source on payment of interest (or any other service fees) to non Banking financial Companies and Public Financial Institutions. Non Banking Financial Institution A Non Banking financial Company is a company registered un