CAclubindia Articles

Deemed Incomes Under The Income Tax Act

Ritik Chopra 18 October 2021 at 15:20

Discussing tax treatment of cash credit, unexplained investments, unexplained money, amount of investments not fully disclosed in books of accounts, unexplained expenditure and amount borrowed on hundi in cash.

Variation Of Shareholders Right - Section 47 Of The Companies Act, 2013

Neha Rajan Redekar 18 October 2021 at 13:14

As per section 110 of the Companies (Management and Administration) Rules, 2014 unlisted public companies having more than 200 shareholders shall pass the special resolution through postal ballot only.

Taxability Of Income From Downlinking Television Channels In India By Foreign Companies

FCS Deepak Pratap Singh 18 October 2021 at 09:50

Discussing the taxability of income of a foreign company for downlinking television channels in India and income from display of uncut and unassorted diamonds by a foreign citizen in the Bharat Diamond Bourse.

Never ending loop of comparison

Abhishek Panegal 18 October 2021 at 09:50

A simple thing that we need to do first is embracing and accepting our authentic selves. We all know we are flawed. That's the first step towards self-love!

Incorporation of Section 8 Micro Finance Company

CS Raunit Gupta 18 October 2021 at 09:50

A Microfinance company can be easily established by registering it as a section 8 company under the framework which is promulgated as the Companies Act, 2013.

Liability of Director as Guarantor for Debts of the Company

FCS Deepak Pratap Singh 18 October 2021 at 09:50

A personal guarantee by a director is a contractual promise to pay the debts of the company in the event that the company is unable to pay the guaranteed debt. ..

Once a Chartered Accountant Always a Chartered Accountant

Poojitha Raam 16 October 2021 at 10:25

We normally do not ask any Engineer or Doctor how many attempts or years they have taken to complete their course. Then why ask a Chartered Accountant?

MCA / ROC Compliance Calendar & Updates - October, 2021

CS Lalit Rajput 16 October 2021 at 10:25

Discussing compliance requirements and important updates under the Companies Act, LLP Act, and ROC Return Filings for the month of October 2021.

Tax implication on self generated goodwill when conversion of proprietor into partnership

FCS Deepak Pratap Singh 16 October 2021 at 08:54

Where proprietor business is converted into a partnership, the exclusive interest of the proprietor is reduced and the business assets become sets of the firm in which he becomes a partner.

Whether Upfront Payment of Interest on Debentures Allowed as Deduction in the Year of Payment

FCS Deepak Pratap Singh 16 October 2021 at 08:34

Recurring subscriptions paid periodically by shareholders, or subscribers in Mutual Benefit Societies which fulfil such conditions as may be prescribed shall be deemed to be capital borrowed.