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
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