Popular Articles

Highlights of 98 Sections of Companies Act, 2013

CS DHANAPAL 05 December 2013 at 10:49

An analysis of the important Sections! The Ministry of Corporate Affairs has notified 98 sections of the new Companies Act, 2013. These sections have come into effect from 12th September 2013. Subsequent to coming into effect of these Sections under

Re-assessment Provisions under Income tax Act,1961

shina kampani 15 July 2013 at 12:06

Re-assessment Provisions under the Income Tax, 1961 Re-assessment is assessing the income of the assessee that is already being assessed once and also any other income which comes to the notice of the AO subsequently during the Re-assessment proceed

Concept of Advance tax

CMA Ramesh Krishnan 08 August 2011 at 12:10

Concept of Advance tax Introduction: According to sections 208 of the Income tax Act 1961, tax shall payab

Renting of Immovable Property Service

Madhukar N Hiregange 31 January 2011 at 10:38

Renting of Immovable Property Service By Madhukar N Hiregange FCA Albert Einstein - Nothing is more destructive of respect for the government and the law of the land than passing laws, which cannot be

Taxation of gifts to NRIs and changes in Budget 2023-24

FCS Deepak Pratap Singh 10 February 2023 at 09:51

The Budget 2023 has also not disturbed taxation regime of NRIs except some provisions have been changed. The Shares generally issued to NRIs are of higher value and issuer's explanation to valuation is not satisfactory and hence the excess value above FMV will be taxable and any property gifted to NORI above Rs. 50000/- is chargeable to tax in India.

CAPITAL GAINS UNDER INCOME TAX ACT 1961

Amit Bajaj 27 March 2010 at 12:53

Any Income derived from a Capital asset movable or immovable is taxable under the head Capital Gains under Income Tax Act 1961. The Capital Gains have been divided in two parts under Income Tax Act 1961. One is short term capital gain and other is l

Presentation tips for IPCC Exam

Sandhya Purohit 28 October 2011 at 11:27

Hello freinds. I am Sandhya Purohit. I am a CA Final Student and cleared my IPCC in May 2011 with AIR 47th... For me IPCC was a great battle which I wanted to win anyhow. I took IPCC as my goal and cleared it. You can also win this battle by takin

Issue And Redemption Of Preference Shares : Section 55 Of The Companies Act, 2013

Neha Rajan Redekar 07 September 2021 at 17:54

Preference shares are those shares which has priority over the equity shares in payment of dividend. These shares not only have a preferential right to receive dividends but also repayment of capital on winding up.

Rephasement of repayment schedule vs. area of fraud

Rahul Gupta 02 June 2015 at 10:32

All of us are known to Concurrent Audit of Banks. The one of the key area of Concurrent Audit is to verify the correctness and to report the matters relating to Loans & Advances. Every Bank Official and Higher Authorities are interested to know a

Qualified Institutional Placement (QIP) procedure

Victor J uruvath 03 November 2011 at 16:30

QIP means allotment of equity shares, non-convertible debt instruments and convertible securities by a listed company to Qualified Institutional Buyers (QIBs) on private plac