The value of any benefit or perquisite, whether convertible into money or not, arising from business or the exercise of a profession shall be chargeable to income-tax under the head "Profits & gains of business or profession."
A cloud kitchen is a virtual restaurant, a kitchen that simply accepts incoming orders through online ordering systems and presents no eating facilities.
Where a dividend has been declared by a company but has not been paid or claimed within 30 days from the date of the declaration by any shareholder then it shall be transferred to an “Unpaid Dividend Account”.
If any payment is made by any person to an NRI then form No. 15CA 15CB is to be furnished. Earlier only income chargeable to income tax in India had to be reported but now all payments are covered.
Understanding the Adjusted Gross Revenue woes is very much relevant in the Telecom sector because the Government policies on Telecom will have a direct impact on the future of the Telecom industry.
The Cabinet on 28th July 2021 approved amendments to the LLP Act for decriminalizing offences under the law as the government looks to improve ease of doing business and encourage start-ups.
The government has taken a number of initiatives to make India a hub for aircraft leasing and financing through various means. Discussing the same in this article.
The MoF has notified a new set of rules to add sub-rule (6) in rule 19A of the Securities Contracts (Regulation) Rules, 1957 to provide an exemption to listed PSUs.
Discussing SEBI (Bankers to an Issue) (Amendment) Regulations, 2021 ; SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2021 ; and SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2021.
Form MGT-9 is an extract of the annual return which contains details of the Company for one Financial Year and is annexed to the Board's Report of the Company.
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