Overview on Taxation of Income From Capital Gains Meaning of Capital Gain Any profits or gains arising from the transfer of a Capital Asset effected in the previous year. Such profit will be chargeable to tax u/h of Capital Gain. Capital gains apply to any type of asset, including investments. The gain may be short-term …
Is Management representation letter is an effective tool of Deference for Statutory Auditor? What is management representation letter ? A client may provide a written management representation to the auditor as part of the audit evidences. To prevent misunderstandings about management’s responsibility for the financial accounts, it serves to document management’s representations made during the …
Analysis of Obligations to Tax deduction at source on Benefits or Perquisites U/s 194R & CBDT Circular No. 12/2022 dated 16.06.2022 Section 28(IV) of Income Tax Act, 1961 provides for including value of any benefit or perquisite whether convertible into money or not, arising from the business or exercise of profession as income from business …
How many types of business in India Guide on Pvt Ltd Company Registration Process Creating a company in India is an essential first step on your path to entrepreneurship. And establishing a company is not as simple as you would think. There are procedures to follow and documents to submit, of course, but once you …
How to make payment of tax under PMGKY? Challan 287: Under Pradhan Mantri Garib Kalyan Yojana Scheme or PMGKY scheme, 2016 while making an income tax payment Normally Challan 287 are using Under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) Scheme, 2016, for making tax payments by taxpayers preparing to planning to disclose income during …
CHALLAN 26QB: FOR TDS ON PROPERTY SALES In compliance with the provisions laid down in section 194-IA, where a buyer purchases an immovable property such as a house or part of a building other than agricultural land, it is required to deduct TDS on such property at 1% at the time of payment to the …
Process of Conversion of Loan into Equity Share are possible under Companies Act. A company are allowed to go under conversion of the loan into equity in accordance to the loan agreement, where in the section of paying the process of the debt it was mentioned. Benefits of the conversion of the loan into Equity …
Compliance should follow Under Companies Act & SEBI Regulations. What exactly compliances means? There are some specific guidelines, rules, and regulations made in accordance with authorities or ministry of corporate affairs referred as compliance. After the origin of Companies’ Act 2013, the compliance procedure and the required details for the compliance are increased as compared …
Overview on Trademark vs. Certification Mark Since these terms are frequently misinterpreted, we’ll explain this to you in details. This will allow you to distinguish better between a certification mark and a trademark. A certification mark is a kind of specific mark used to show that a product which should fulfil the requirements and specifications …
ROC may physical verification of Registered office Of company. Registered Office is the primary location for the authorities to make any kind of correspondence. In the past times, it has been found that there have been instances where following malpractices have taken place at time of incorporation of Companies: A fictious address has been provided …