CAclubindia Articles

Tax implications of cancellation of shares pursuant to capital reduction

Unnati Sharma 02 July 2020 at 10:32

As per the Act, capital reduction to the extent of accumulated profits is treated as deemed dividend under section 2(22)(d). Consequently, DDT under section 115-O was paid by the company. Accumulated profits for this purpose shall include all profits of the company upto the date of such distribution or payment whether capitalised or not

Amendment to section 44AB in Budget 2020

Unnati Sharma 02 July 2020 at 10:32

Section 44AB of the Income Tax Act provides that every person is required to get his accounts audited if his Section 44AB of the Income Tax Act provides that every person is required to get his accounts audited if his

Section 188- Related party transactions

Neha Rajan Redekar 01 July 2020 at 18:25

The Company can enter into any contracts/ arrangements/ transactions with related party only after seeking prior approval.

Corporate Compliance Calendar for the month of June 20

CS Lalit Rajput 01 July 2020 at 18:22

This article contains various Compliance requirements under Statutory Laws. Compliance means adhering to rules and regulations. Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure.

Why Women Make Better Investors?

CA Aaditya Chhajed 01 July 2020 at 18:21

Getting more education, pursuing a career, combining employment with family life - these are just some factors that have enabled women to enjoy greater financial independence, earn more, and save more as a result.

e-tax payment- Pay your taxes online

Sanchit Aggarwal 01 July 2020 at 15:26

To make e- payments of all kind of direct taxes one can visit the official site of NSDL i.e. https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp

Respect our mother body, ICAI

Jayamani Jana 01 July 2020 at 13:08

Greetings to all my fellow CA aspirants. I hope everyone is safe in their places. I'm not here to give any suggestions, exam tips, and not even study planner. I just felt to share something which I come across for the past 10 days.

Udyam registration and new Classification for MSMEs

Shubham 01 July 2020 at 13:08

As announced as a part of economic stimulus and reforms in response to Covid 19, the Ministry of Micro, Small and Medium Enterprises has modified the classification criteria for MSMEs

Process of shifting of registered office from one state to another

CS Priyanka Jhanwar 30 June 2020 at 17:40

Process of shifting of registered office from one state to another

Companies (Removal of Names of Companies from the Register of Companies)Amendment Rules, 2020

CS Lalit Rajput 30 June 2020 at 12:13

MCA has issued and published the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2020 further to amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016.