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
Solatium should also be taken into consideration while computing market value of an asset as on 1-4-1981 Section 48 of the Income-tax Act - Capital gains - Computation of Fair… Read More
MCA has recently introduced COMPANIES ACT Companies (Incorporation) Amendment Rules, 2015 vide Notification dated 1st May 2015. Key features being:- Verification of signature of promoter(s)/director(s) in Form INC 10 has been… Read More
A STEP TOWARDS GST, IN UNION BUDGET 2015 Taking a step towards GST, in Union Budget 2015, Honourable Finance Minister has proposed to abolish Education Cess and Secondary and Higher… Read More
CORPORATE AND PROFESSIONAL UPDATE SERVICE TAX AMENDMENTS Clarification about the Rate of Service Tax The rate of Service Tax will continue at @12.36% until the new rate is notified. The… Read More
Service Tax changes applicable from 1.4.2015 Please ensure that Rate of Service tax has not changed – it will remain to be 12.36% and NOT 14%, until notification issued. A) Exemptions… Read More
I Approval to introduce the Negotiable Instruments (Amendment) Bill, 2015 in Parliament The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal to introduce the… Read More
Method of accounting - Estimation of profit -Net profit rate-Section 145 of the Income-tax Act, 1961 AO couldn't disallow direct exp. without rejecting books if assessee had shown profit… Read More
Sec. 54F relief available in entirety if investment exceeds sale proceeds, irrespective of usage of housing loan Section 54F read with section 263 of the Income-tax Act, 1961, Capital gains… Read More
Exemption of Capital gains - in case of investment in residential house Section 54F of the Income-tax Act, 1961 - Exemption of Capital gains - in case of investment in… Read More