Popular Articles

Tax Saving Investment Options & Deductions under Income Tax for Individual and HUF

CA Rahul Mittal 11 July 2020 at 10:47

To claim a deduction in any year, it is necessary to invest in that year. Due to COVID Pandemic, Govt. has extended the date to 31.07.2020 for the financial year 2019-2020 to make an investment for deduction under chapter VI-A and section 54 to section 54GB.

Ethical corporate governance

dr vedula gopinath 09 October 2014 at 12:20

The quality of corporate governance is also determined by the manner in which top management, particularly the Board of Directors, allocates the financial resources of the company as between themselves and other interest groups such as employees, cus

Input tax credit cannot be denied to recipient on default of payment by supplier

Bimal Jain 01 February 2018 at 10:59

Recently, the Hon�ble Supreme Court in the case of Commissioner of Trade & Taxes, Delhi and others Vs. Arise India Limited and others [TS-2-SC-2018-VA

Money Laundering - A Big Crime

tarun 07 August 2007 at 01:19

MONEY LAUNDERING Introduction: The word 'laundering' has been derived from cleaning dirty clothes. Money laundering means conversion or laundering of money which is illegally obtained. Commonly used definition by FATF "The Finan

Planning for life insurance at different life stages

Ramalingam K 21 December 2012 at 15:41

Increasing inflation, shift to nuclear families, and the fast track change in life style patterns throw a financial challenge which can be addressed only by life insurance. Your financial plan needs to be in sync with your life stage and the requi

Revalidation of Registration u/s 12A and 80G

Neethi V. Kannanth 17 July 2021 at 09:10

There are certain tax exemptions and benefits available to Charitable Institutions in India. These exemptions and benefits are dealt in sections 12A/12AA and 80G of the Income Tax Act,1961.

Are Independent Directors, Independent?

CS Ankur Srivastava 15 March 2011 at 11:11

The Concept of independent director was introduced in the year 1999 on the recommendations of Kumar Mangalam Birla Committee.

Fast Track Exit u/s 560 of Companies Act, 1956

Komal Tiwari Pandey 24 August 2015 at 10:00

Background:The Companies which are not carrying on business activities or operations for more than a year they can opt for Fast Track Exit mode from the records of the Registrar of Companies. Fast Track Exit mode for defunct companies u/s 56

Commitment Towards Success

CA Madhukiran Reddy 13 April 2011 at 15:17

Commitment towards success Friends do you remember that Rabbit Vs Turtle story which we learn in our lower class, let me once again tell this story to you. The Rabbit and the Turtle: One day a rabbit was bo

Ind AS 20: Government Grants

Sachin 20 August 2021 at 09:31

Ind AS 20 is applicable where there is reasonable assurance that grants will be received, and the entity will comply with the conditions attached to the receipt of the government grant.