Articles by Sagar Gupta

Section 185 of Companies Act, 2013 - Loan to Directors

Sagar Gupta 14 July 2014 at 11:54

Section 185 & its reference with Section 186 of Companies Act, 2013 Section 185 of the Companies Act, 2013 which has been notified on 12th September 2013 corresponds to section 295 of the Companies Act, 1956 which deals in loan to directors. This

Section 40(a)(ia): Whether applicable to sum payable at the year end or on all sums during year

Sagar Gupta 22 April 2014 at 12:04

Section 40(a)(ia) of the act was introduced in the Income Tax Act, 1961 by the Finance (No 2) Act, 2004 w.e.f. 01.04.2005 with the view to augment the revenue through the mechanism of tax deduction at source. This provision was bought so as to disall

Rules of Interpretation of Services in Service Tax

Sagar Gupta 18 April 2014 at 11:56

Despite doing away with the service-specific descriptions, there will be some descriptions where some differential treatment will be available to a service or a class of services. Section 66F lays down the principles of interpretation of specified de

Buy-Back of Securities (Unlisted Public Co. & Private Co.) as per Companies Act, 2013

Sagar Gupta 16 April 2014 at 10:49

Buy Back of Securities is a very important tool for Companies who wants to reduce their Share Capital. First of all, here are few preliminary notes of Buy Back: 1. Governing Sections of Companies Act: o 68o 69o 70 2. Specified Security: includes ESO

Buy-Back of Securities (Unlisted Public Co. & Private Co.)

Sagar Gupta 21 March 2014 at 12:15

Buy Back of Securities is a boon for Companies who wants to reduce their Share Capital. First of all, here are few preliminary notes of Buy Back: • Introduced by ‘The Companies (Amendment) Act, 1999 • Governing Sections of Companies A

A Radical Change Proposed through: Arthkranti Pratishthans Transaction Tax

Sagar Gupta 16 January 2014 at 13:07

Greetings of the day. A new system of taxation is proposed by a Pune based research group Arthkranti Pratishthan where it has 5 components in its proposal: 1. Withdrawal of existing Taxation system completely (except Customs i.e. Import Duty)2. Every