Govt may bring down Corporate Tax from 30% to 25% Press Information Bureau Government of India Ministry of Finance 20-November-2015 Government Calls for Comments on Proposed Plan of Phasing-Out Exemptions and Deductions under the Income-Tax Act in Order to Bring Down Rate of Corporate Tax from 30% to 25% The Union Finance Minister Shri Arun […]
Category Archives: Companies Affair
Company affairs policy,valuation under companies act,companies act 2013;Companies Amendment (Bill) 2017,Corporate Taxation,Laws,Acts,Circular,Notifications
Section 143 of Companies Act, 2013 SEC 143(1) :This section provides that the auditor of the company shall have the right to have access at all the times to the books of accounts and vouchers of the company , whether kept at the registered place or at some other places as inform by the company. […]
Profit and Gain under presumptive basis vis-a-vis Section 115JB As the number of zero tax companies and companies paying marginal tax had grown, the Minimum Alternate Tax Provision has been inserted in the Income Tax Act. It was felt that various concession given under the tax laws, big corporate groups become zero tax companies, to […]
Changes in Audit and Auditors- Companies Act, 2013 The companies act, 2013 has come into existence on 29.08.2013 that replaces a nearly six decade-old legislation and overhauls the way corporate function and are regulated in the country. This article contains the description of some provisions related to audit and auditors which have been modified in […]
MCA notifies some sections of new company law The Ministry of Corporate Affairs notified some key sections of the new Companies Act. MCA notified 98 sections of the new Act, it said in a press note. The sections so notified will come into effect from September 12. “These are independent sections, which do not require […]