BRIEF ABOUT BOARD OF DIRECTORS REPORT UNDER COMPANIES ACT 2013 Section 134 of the Companies Act, 2013 casts a responsibility on the Board of Directors to prepare a report containing… Read More
BASIC FEATURES OF THE COMPANIES (AMENDMENT) ACT, 2015 The Companies (Amendment) Bill received the assent of the President on the 25th May, 2015 and published in official Gazette of India on… Read More
AMENDMENTS AT A GLANCE ON COMPANIES (AMENDMENT) ACT 2015 The proposed amendments deal with related party transactions, fraud reporting by auditors, public inspection of Board resolutions, responsibilities of audit committee,… Read More
GST Impact on business loans Following the advent of GST, business loans became more expensive. This is because the GST was imposed at a rate of 18%. As a result,… Read More
CORPORATE AND PROFESSIONAL UPDATE JULY 10, 2015 All about Depreciation &Key changes in the Schedule II to the Companies Act, 2103 Depreciation is systematic allocation of the depreciable amount of an… Read More
Section 2(22)(e): Dividend Distribution Tax on Deemed Dividend: As per Section 2(22)e, where a closely held company gives a loan or extends an advance payment to the respective staff: A… Read More
Loss arising on intra-day trading in shares wasn’t speculative if such transactions were in nature of jobbing Section 73 of the Income-tax Act, 1961 - Losses - In speculation business… Read More
CBEC clarifies – Dealer Registration NOT mandatory for transit sale Background: Vide Notification No. 8/2015-CE. (NT) Dated 1st March 2015-05-08, the following proviso was added to Rule 11(2) of the Central… Read More
Highlights of New Proposed Goods & Service Tax (GST) The basic principal governing behind GST is to have single Taxation System for Goods and Services across the country. Currently Indian… Read More
Essentials of Drafting A Trust Deed According to the Indian Trust Act 1882, public trust registration is required to be undertaken and completed, where the author of the proposed trust indicates the following -… Read More