Rule 8AC deals with the computation of short term capital gains and written down value under section 50 of the Income Tax Act, 1961, where depreciation on Goodwill has been obtained.
There are certain tax exemptions and benefits available to Charitable Institutions in India. These exemptions and benefits are dealt in sections 12A/12AA and 80G of the Income Tax Act,1961.
The offer comprises of a fresh issue of Rs 9,000 crore and the sale of shares worth Rs 375 crore by existing investors. Rs 6,745 crore will be used to fund the company’s organic and inorganic growth initiatives.
Show cause notice is a notice served by the department giving an opportunity for a person to explain with reasons as to why a particular course of action should not be taken against him.
With hardly a few days left for the July 2021 CA Exams, students are anxious about their preparation and revision. Discussing some useful tips to ease out the anxiousness.
Any person who is an Indian citizen, whether a resident in India or not i.e. NRI shall be eligible to incorporate a One Person Company and appoint its nominee.
ICAI has sent out a clear message that it is firm on its decision to conduct the CA exams from 5th July 2021. But, there are many concerns of the students which are left unattended. Let us address them.
Cost Inflation Index means an index, having regard to seventy-five percent of average rise in the Consumer Price Index (urban) for the immediately preceding PY to such PY.
MCA passed a notification on 31st May 2016 allowing conversion of LLP into Company under the rules known as 'Companies Authorized to Register Amendment Rules, 2016'.
Form 10BD of the Income Tax Act is a statement of donations containing the details of donations received by Charitable Organizations during the financial year.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India