Income from dividends, which is at present taxed in the hands of the companies, could soon be added to one's income and may have to shell out the applicable income tax.
In certain situations, a company can seek exemption from therequirements of Sec. 211 of the Companies Act, 1956 relating to theForm & Content of Balance Sheet and Profit & Loss Account.Application to Central Government -Sec.211(4) provides th
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