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Company Law and IBC
A time barred order u/s 263 is bad in law.
Begani Dyeing Mills Pvt.Ltd., Surat v. The Pr.CIT., Surat
Facts of the caseThe case of the assessee was selected for scrutiny through CASS and accordingly original assessment in case of assessee was completed u/s....
Income Tax
What is faceless tax assessment or e assessments In Income Tax?
A Modern Generation of TRUST, TRANSPARENCY and TAX
“A lot of things would depend on the discretion of assessing officer in manual assessment. We have completely revamped it. Instead of territorial jurisdiction, we have brought...
Company Law and IBC
What is Form ADT 1? Form ADT1 For Appointment Of Auditor
When
a company appoints an auditor, it is obliged to accept the appointment of an
auditor to the Registrar of Companies (ROC) in a specified manner in compliance
with section 139(1) of the new company act 2013....
Finance
Microfinancing and Poverty Alleviation
Microfinance is a specific business category of services, which includes microcredit. Micro-credit is a loan service to poor clients. Micro-credit is one of the microfinance aspects and the two sometimes get mixed. The microfinance...
Income Tax
Related-Party and its Reporting Requirements
Meaning of related party
So what does the term ‘Related Party’ mean.? How important this is to companies and individuals. What are the conditions to be recorded or understood before any transaction takes place? When...
Finance
Index funds – Here’s why they’re a smart investment.
Index funds, created by John Clifton Bogle almost 45 years ago
as a way for everyday investors to compete with the pros. Index funds are a
form of passive investing which is an investing technique that...
Income Tax
Section 44AB of Income Tax Act- All about Tax Audit
Section 44AB of Income Tax Act contains provisions pertaining to the tax audit under the Income Tax Audit. Tax audit refers to the independent verification of the books of accounts of the assessee form...
Income Tax
Advance Tax- “Pay as you Earn Scheme”
Benjamin Franklin once said, “In
this world nothing is certain but death and taxes”. So Why is that, When is
that, What is that, Who is that and How. Okay, here’s the answer to this-
Advance Tax....
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