Popular Articles

Provisions related to dividend as per IT Act & Co Act, 2013

Posted by MONIKA MANNAN 19 March 2015 25559 Views

Section 115-O(1) Of the income tax act provides that every domestic company required to pay dividend distribution tax in addition to income tax on any amount declared, distributed or paid by way of dividends (whether interim or otherwise), whether o

Rule 3 (5b) of Cenvat Credit Rules ... Post Budget 2011

Posted by Manoj Pala 28 July 2011 25559 Views

Notwithstanding the technicality of the law viz: the point of discussion Provision for write of inventory, we opine that in the subject matter the spirit of the law in principle might prevails over the technicality of the law and which

Procedure for Conversion of Name from Private to Public

Posted by Ajay Mishra 22 March 2012 25558 Views

The procedure for altering name clause of Memorandum or Articles of Association of the company is being given herein under: 1. Management decision to change the name The Board of Direct

Is ITC available on wires laid for transmission of electricity by business houses?

Posted by Raghav Rathi 02 November 2020 25558 Views

The ITC for the wires/towers laid for the transmission of the electricity is available u/s 16 of the CGST Act, 2017 but is blocked under clause (d) of Section 17(5) of the CGST Act, 2017.

Service Tax on Job Work

Posted by deepak K Gujrati 25 June 2010 25545 Views

As per section 65(105)(zzb) of Chapter V of Finance Act 1994 as amended from time to time, taxable service means any service provided or to be provided to a client by any person in relation to business auxiliary service.

Does an Internal Auditor require Industry Specialization?

Posted by Ca Jai Prakash Agarwal 03 December 2013 25536 Views

Internal Audit is a very important function and it is very important for an internal auditor to understand the basic functions of an organisation so as to conclude the internal audit assignment effectively. In case of in-house internal audit departm

FAQ ON ACCEPTANCE OF LOAN OR DEPOSIT OF MONEY

Posted by Late CA Sampat Jain 19 March 2008 25534 Views

FREQUENTLY ASKED QUESTIONS ON ACCEPTANCE OF LOAN OR DEPOSIT OF MONEY Author: CA Sampat Jain Co-Author: CA Nikita Kala Q1. What is the defi

Key Managerial Personnel

Posted by CS Divesh Goyal 21 March 2015 25525 Views

KEY MANAGERIAL PERSONNELSection 203 read with rules- 8 of Companies(appointment and remuneration) Rules, 2014 Companies Act, 2013 (Act) has introduced many NEW CONCEPTS AND KEY MANAGERIAL PERSONNEL is one of them. While the Companies Act, 195

Detailed Analysis- Gifts Taxation under IT Act

Posted by caushagarg 05 July 2014 25514 Views

Taxability of Gift under Income Tax Act, 1961As per Income Tax Act, receiver (donee) of gift is charged to taxation u/s 56(2)(vii). The donor of gift is not charged to taxation under this section. However, the below cases is analyzed from the taxatio