1. Income Tax Slab Rate for AY 2018-19 for Individuals: 1.1 Individual (resident or non-resident), who is of the age of less than 60 years on the last day of the […]
All posts by Sunil Agarwal - 2. page
Service Tax Mega Exemptions Notification -As amended by Notification No. 01/2017-ST dated 12-01-2017
Service Tax Mega Exemptions Notification [Notification No.25/2012-ST dated 20-06-2012] (As amended by Notification No. 01/2017-ST dated 12-01-2017) In exercise of the powers conferred by sub-section (1) of section 93 of […]
Minutes of General Meeting -SECRETARIAL STANDARD (SS-II) UNDER COMPANIES ACT 2013
BACKGROUND: The drafting and maintenance of minutes of meetings has traditionally and for long been core functions of the Company Secretary. Justifiably so, for, the Company Secretary doesn’t merely […]
Due date for payment of Service Tax, June 2015
Service Tax for the month/quarter ending June, 2015 is due for payment on 6th July, 2015 for all assessees. E-payment has become mandatory for all assessees w.e.f. 1st October, 2014. […]
Appointment of Non-Deposit Accepting NBFCs with asset size of Rs.100 crore and above as sub- agents under Money Transfer Service Schemes (MTSS)
RBI/2014-15/648 DNBR.CC.PD.No.041/03.10.01/2014-15 June 25, 2015 To All Non-Banking Financial Companies Dear Sirs, Appointment of Non-Deposit Accepting NBFCs with asset size of Rs.100 crore and above as sub- agents under Money […]
No sec. 69 additions on basis of seized doc showing transaction in name of firm after its dissolution
Where assessee firm had been dissolved with effect from 31-3-2002, alleged unexplained income from transaction found recorded in assessee’s name in month of December, 2003 in a document recovered from […]
Advance received by contractor in excess of bill raised by him couldn’t be taxed on receipt basis
HIGH COURT OF GUJARAT Rudraksh Builders v. Assistant Commissioner of Income-tax* Section 5, read with sections 143(1)(a) and 194C, of the Income-tax Act, 1961 – Income – Accrual of (Advances) – Assessment […]
Illegally encroached land is not a capital asset; profit arising on its sale is taxable as income from other source
Illegally encroached land is not a capital asset; profit arising on its sale is taxable as income from other source June 29, 2015[2015] (Mumbai – Trib.) IT: Property illegally encroached […]
Updates and Dose , June ,2015 -4
UPDATES: CBDT Notification No. 50/2015 dated 24th June 2015 regarding permitted business relationship a Chartered Accountant can have with his client to maintain independency. Loans advanced by partner to firm […]
Analysis of Disclosure of Interest by Directors under CA, 2013
uring the process of unlocking provisions of Companies Act, 2013, I have realized that Section 184 regarding disclosure of concern or interest by the Directorhas invoked considerable controversy for various […]