CAclubindia Articles
Upcoming UAE Tax Reforms 2022-23
The Ministry of Finance in the United Arab Emirates has taken several taxation measures. They announced that federal corporate tax will be implemented on business profits for financial years, which start on or after 1 June 2023, meaning that the first profits to be taxed will be for financial years ending on or after 31 May 2024.
Section 2(22)(e): Deemed Dividend - Taxability in FY 20-21
Dividend is taxable u/s 56 in hands of shareholder from 1-4-20 and exemption u/s 10(34) has been removed.
Section 186 of Companies Act - Loan and Investment by Companies
Acquire shares of any Body corporate (Investment cannot be from more than 2 layers of investment companies)
Section 185 of Companies Act - Loan to directors
Guarantee/security in connection with loan taken by Pvt Co. in which such director is director or member and the loan is utilised for principal business activities.
Some important judgments on Income Tax, GST, IBC and other corporate laws
Important judgments on Income Tax, GST, IBC and other corporate laws has been listed in this article
Incorporation of Section 8 Micro Finance Company
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.
Income Tax Questions & Answers Series Consolidated
As we are aware that Income of a resident in India from sources anywhere in world will be taxable under provisions of Income Tax Act, 1961. In case a person, who is a non-resident in India during previous year and he earns any income from India, then taxability of that Income will be decided on the basis of source of income as well as residence of assessee.
Importance of Non Disclosure Agreement (NDA) or Confidentiality Agreement
A Non Disclosure Agreement is a legal contract signed between two or more parties who share personal and sensitive knowledge or information for varied purposes and want to ensure that such information remains confidential.
Whether provisions of Section 143A of NIA, 1881 is prospective or retrospective
Negotiable Instruments Act,1881 is an Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques.
Notice from Customs for recovery of Drawback on Non-Realisation of Exports Proceeds
Lot many exporters have started receiving notice from Customs department for recovery of Drawback
Popular Articles
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