According to Section 149 of the Companies Act, 2013 the Board of Directors of each company shall comprise of only individuals. That means, body corporate, firm or association shall not be appointed as a director.
We know that Bank Fixed Deposits /Recurring deposits are the most trusted instruments for savings in our country. The people generally wants to deposit their hard earned money in bank in FDs/RDs.
In case of One Person Company, Small Company, Dormant Company or private company which is a start-up, at least one meeting shall be conducted in each half of the calendar year and the minimum gap between these two meetings shall be at least 90 days.
Copyrights protect original works of authorship, such as literary works, music, dramatic works, pantomimes and choreographic works, sculptural, pictorial, and graphic works, sound recordings, artistic works, architectural works, and computer software.
A new section 80EEB of Income Tax Act, 1961 has been introduced allowing a deduction for interest paid on loan taken for the purchase of electric vehicles from the AY 2020-21.
I happened to scan through the statistics furnished by National Crime Records Bureau (NCRB) in their web site regarding the suicides committed by business people which prompted me to undertake an insight into the debt recovery approach and methods adopted by the banks and financial institutions
This is the last part of the article series related to Income Tax Benefits Available to Individuals and HUF. We will now be discussing about the remaining deductions under Chapter VIA, TDS and advance tax provisions and about exemption from Filing of Income Tax Return
Section 10AA provides a deduction from total income of such profits and gains derived by an assessee being an entrepreneur from the export of articles or things or services for certain consecutive assessment years.
In Consumer Forum generally Builders argue since RERA is there homebuyers can not file complaint against them in the Consumer Forum.
Section 12A of the Income Tax Act, 1961 is the stepping stone for every charitable organization. It enables non-profit entities such as Charitable Trusts, Non-Profit Organization, Welfare Societies, Religious Institutions, etc. to claim full tax exemption as per Section 11 and 12 of the Income Tax Act, 1961.
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