NOTIFICATIONS UNDER SECTION 462 OF THE COMPANIES ACT, 2013 The Ministry of Corporate Affairs, Government of India issued the final notifications under Section 462 of the Companies Act, 2013 (Act),… Read More
GOLD MOBILIZATION SCHEME (DRAFT) Seeking to mobilize idle gold worth up to Rs 60 lakhs crore held by households and institutions, government yesterday proposed a new scheme offering tax-free interest on depositing… Read More
FRAUD REPORTING AS PER COMPANIES ACT 2013 A new focus area for members during the current audit season would be Frauds. Section 143(12) of the Companies Act, 1956 outlines the… Read More
CBDT CIRCULAR CBDT extends due date of filing return from July 31, 2015 to August 31, 2015 (No.225/154/201511TA.II -Dated 10thJune, 2015):- The Central Board of Direct Taxes, in exercise of… Read More
NOTIFICATION U/S 462 OF THE COMPANIES ACT 2013-EXEMPTIONS TO PRIVATE COMPANIES On June 5, 2015, The Ministry of Corporate Affairs (MCA) issued a notification under section 462 of The Companies… Read More
HIGHLIGHT ON EXEMPTIONS GIVEN TO PRIVATE LIMITED COMPANY MCA has come out with a Notification dated 05.06.2015 which exempts Private Companies from certain provisions of Companies Act, 2013.… Read More
INTEREST WOULD BE ENTITLED BY ASSESSEE IF EXCESS SELF-ASSESSMENT TAX PAID EVEN REFUND The assessee would be entitled to interest under section 244A(1)(b) on amount of refund which was deposited by… Read More
COMPANY LAWS UPDATE ON DIRECTORS REPORT FOR PRIVATE LIMITED COMPANIES & SMALL COMPANIES 24 Points to Be Taken To Directors Report For Private Limited Companies & Small Companies:- Extract of… Read More
INTERNAL FINANCIAL CONTROL SYSTEMS- COMPANIES ACT 2013 Vide Section 143 (3)(i) of the Companies Act, 2013 the Auditor is required to be report as follows:- "Whether the company has adequate… Read More
FOR EARLY & SATISFACTORY RESOLUTION OF TAXPAYERS’ GRIEVANCES RELATING TO VERIFICATION & CORRECTION OF TAX DEMAND OUTSTANDING AGAINST THEM –CIRCULAR CBDT The Income Tax Department has taken note of grievances… Read More