Government Fee for Company Registration The company is a popular choice for start-ups & businesses with higher growth aspirations to start up business in India. The company Pvt Ltd is registered under the Companies Act of 2013 and is guided by the MCA. Required Documents for Company Registration: A copy of the directors’ PAN …
Steps for incorporating the company:- The first step of getting a company incorporated is obtaining the approval of the name from Registrar of Companies. A company may adopt any name which is not prohibited under the Emblems and Names (Prevention of Improper Use) Act, 1950. The government has launched a web service RUN (Reserve Unique …
www.carajput.com; Start-Up What is Entrepreneurship? Entrepreneur The entrepreneur is a person who establishes a new company, carries the risks, and benefits from the rewards. An entrepreneur is generally seen as an innovator, a source of innovative ideas, products, services, and business/procedures. Entrepreneurs have a vital role to play in every economy, using the expertise and …
Who is a Real Estate Agent? Section 2 (zm) of RERA defines real estate agents. According to the definition, a “real estate agent” means any person, who negotiates or represents other persons for transfer of a real estate property by way of sale to another person and receives remuneration or fees or any other charges …
CORPORATE AND PROFESSIONAL UPDATE August 26, 2017 Direct Tax: Delhi ITAT upholds assessee’s Resale Price Method (RPM) over TPO’s TNMM for AYs 2003-04 to 2005-06 for benchmarking purchases of finished goods from AE for resale, holds that RPM is most appropriate method absent any value addition by assessee[TS-661-ITAT-2017(DEL) -TP] The income tax department is …
Professional Update For the Day: Direct Tax: Share application money received from bogus shareholders, ITO to reopen assessment of such shareholders and not to add the same to the assessee’s income as unexplained cash credit – CIT-1 Vs Gagandeep Infrastructure Pvt. Ltd. (2017 (3) TMI 1263 – Bombay High Court). Lessee can’t claim depreciation on reimbursement …
Professional Update For the Day: Direct Tax: Bombay court held that TDS cannot be Adjusted against Tax payable under VDIS, 1997Earnest Business Services Pvt. Ltd., Vs The Commissioner of Income Tax (Bombay High Court) ITAT Delhi held that Capital gains on transfer by a foreign company of shares in another foreign company holding assets in India is taxable in India Cairn U …
Professional Update For the Day: Direct Tax CBDT has signed 10 more unilateral Advance Pricing Agreements (APAs) with Indian taxpayers as it looks to reduce litigation by providing certainty in transfer pricing. Income tax penalty cannot be levied for Bonafide mistakes in making wrong claim. Case name : Wadhwa Estate & Developers India pvt. Ltd vs ACIT …
Professional Update for the Day: Direct Tax:- Bombay High Court in the below cited case held that when the assessee’s volume of purchasing & selling shares is quite high with higher frequency of buying and selling with holding 75 days or less then its prima facie indicate that it is engaged in trading of shares …
Professional Update for the Day: Direct Tax:- CBDT issues circular for TDS on salary for FY 2016-17 Vide Circular No 01/2017. Circular contains rates of deduction of income-tax on income chargeable under the head “Salaries” and provide illustrations on calculation of tax liability. CBDT issues Press release regarding India and Kazakhstan signing Protocol to amend the Double Taxation …