CSR shall not be treated as a gift or free supply. ITC on CSR should be availed since the same can be treated as incurred in the course and furtherance of Business.
An officer may scrutinize the return furnished by registered persons to verify the correctness of the return and inform them of the discrepancies noticed and seek their explanation thereto.
Maintenance of books of accounts is one of the most important tasks for any business or profession. Discussing the provisions u/s 44AA of the Income Tax Act, 1961 related to maintenance of accounts.
Where the conciliation fails under the provisions of the Act, MSEFC shall either take up the dispute for arbitration or refer it to any institution providing alternate dispute resolution services.
Discussing the top 5 cash transactions that can attract IT notice with regard to savings/current account, credit card bill payment, bank FD, mutual fund/stock market/bond/debenture and real estate.
Section 194N is applicable in case of cash withdrawals of more than Rs 1 crore during the FY. This section will apply to all sums of money or an aggregate of sums withdrawn from a particular payer in the FY.
Can companies file e-form STK-2 for strike off without filing of e-form INC 20A in case the company has not conducted business since Incorporation? Let us discuss.
14 August 2021 at 16:50
Investor protection is a wide term that defines measures to protect the investors from malpractices of companies, merchant bankers, depository participants and other intermediaries.
If a company has not started any business since incorporation and promoters want to strike off within a year of incorporation, whether they can file STK-2 for strike-off? Let us discuss.
MCA is increasing stringency in compliances and adding numerous additional disclosures in Financial Statements, Directors Report and Audit Report. The main purpose behind these amendments is to ensure more transparency.
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