Would a local authority be covered under the definition of a body corporate as per Companies Act, 2013, as tax on vehicle hire charges are liable to be paid under RCM if the service recipient is a body corporate. If the recipient is a local authority, is it required to pay tax under RCM?
The definition of body corporate is:
“body corporate” or “corporation” includes a company incorporated outside India, but does not include—
(i) a co-operative society registered under any law relating to co-operative societies; and
(ii) any other body corporate (not being a company as defined in this Act), which the Central Government may, by notification, specify in this behalf.
Since the definition is inclusive in nature, can it be said that local authority is covered in the def of body corporate?
Hi,
Can anyone please clarify if a CA in full time employment can have his own CA Proprietorship Firm rather than entering into any partnership firm?
Also, I would be grateful if the above point is clarified with reference to any particular "Act" and "section" or any guidelines.
Thank you in advance.
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Answer nowAjay Mishra Sir,
Please provide me the format of dissolution deed in case of death of a partner where only two partners. It is also to be noted that as per existing partnership deed, there is a provision that in case of death of a partner the firm can not be dissolved and existing partner may continue the business with a legal heirs of deceased partner.
So, you are requested to provide me the said dissolution deed its urgent.
I will be thankful to you.
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Is a local authority covered under the definition of body corporate as per Companies Act, 2013