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. […]
BUDGET – III (New registration process) W.e.f 01.03.2015 new process of registration shall be applied the sequence is as under :- First you Should fill online form ST-1. Except Govt.Deptt.PAN number is mandatory . E-mail and mobile number is mandatory latest by 30.04.2015
BUSINESS AND CHARITABLE TRUSTS Under the provisions of section 11 of the Income Tax Act 1961 , the primary condition for grant of exemption to trust or institution in respect of income derived from property held under such trust is that the income derived from property held under trust should be applied for the charitable […]
DIRECT TAXES Rates of income-tax in respect of income liable to tax for the Financial year 2015-2016. In respect of income of all categories of assesses liable to tax for the assessment year 2015-2016, the rates of income tax have been specified in Part I of the First Schedule to the Bill. These are the […]
Black Money – Generation and avoidation Black money means to create funds by non payment of income taxes by way of : – 1. filing income tax return by showing low income . 2. Money earned through bribes and corruption by government employees,officer and politicians. 3. Commission earned through arranging government deals and purchase.