Tax is to be deducted by the Trustee of EPF Scheme,1952 or any other person authorized to make payment of the accumulated sum to the employees.
A person adopting the presumptive taxation scheme can declare income at a prescribed rate and, in turn, is relieved from the tedious job of maintenance of books of accounts and also from getting the accounts audited.
Now the subscribers of NPS can remain in this investment medium after the age of 60 years or after their superannuation. Also, people above the age of 65 who want to open a new account in NPS can also do so.
The Companies Act, 2013, SEBI (LODR) Regulations, 2015 and other acts have specified some disqualifications on occurring of which a person cannot be appointed as director of a company.
It is necessary to take strict steps to curb the nexus of ML and Terrorism. The government to coup with above has made changes in the Anti Money Laundering Act, 2002 and Unlawful Activities (Prevention) Act, 1967.
Sustainability practices in the long run, would lead to improved financial performance of the firm, increased competitive advantage, profit maximisation and long-term success of the firm.
Vodafone and Cairn, and other taxpayers would be greatly benefitted from this change as they no longer have to battle with the Indian Government and would also get refund of taxes paid (without interest).
In its meeting dated 6th August 2021, the Securities and Exchange Board of India took six major decisions. Same has been discussed in this article.
Any interruption in business operations caused by fire or other special perils, resulting in a financial loss of various kinds is called consequential loss.
DRT does not have power to impound the passport of an individual and impose restrictions on his travel abroad. Any restriction of travel abroad will be violative of Articles 21 and 14 of the Constitution of India.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English