Knowledgebase

DEEMING FICTION UNDER SECTION 50C OF THE INCOME TAX ACT

On July 17, 2017, Posted by , In KnowledgeBase, With Comments Off on DEEMING FICTION UNDER SECTION 50C OF THE INCOME TAX ACT

Deeming fiction under Section 50C Section 50C of the Income Tax Act, 1961 (hereafter referred to as the “Act”) was introduced vide Finance Act 2002 w.e.f. 01.04.2003 as a measure to curb the incidence of use of unaccounted money in immovable property transactions leading to tax revenue leakage through undervaluation…

Understanding the tax regime better

On February 3, 2017, Posted by , In KnowledgeBase, With Comments Off on Understanding the tax regime better

CBDT Circulars 2016

Analysis of the Budget, 2017

On February 2, 2017, Posted by , In KnowledgeBase, With Comments Off on Analysis of the Budget, 2017

Union Budget 2017

Dispute Resolution Scheme, 2016

On July 6, 2016, Posted by , In KnowledgeBase, With Comments Off on Dispute Resolution Scheme, 2016

FAQs on Dispute Resolution Scheme, 2016

INCOME COMPUTATION AND DISCLOSURE STANDARDS

On June 2, 2016, Posted by , In KnowledgeBase, With Comments Off on INCOME COMPUTATION AND DISCLOSURE STANDARDS

IMPACT ANALYSIS OF ICDS

Companies Bill, 2016_an analysis

On May 26, 2016, Posted by , In KnowledgeBase, With Comments Off on Companies Bill, 2016_an analysis

Analysis on Companies Bill, 2016

Analysis of Budget 2016

On March 5, 2016, Posted by , In KnowledgeBase, With Comments Off on Analysis of Budget 2016

Finance Bill 2016- An Analysis

Management Services

On September 16, 2015, Posted by , In KnowledgeBase, With Comments Off on Management Services

INTRODUCTION: Section 144 provides that an auditor shall provide to the company only such services as are approved by the Board of Directors or the audit committee, as the case may be but shall not include the following services rendered “directly or indirectly” to the company or its holding company…

Related Party Transactions- Section 188

On March 30, 2015, Posted by , In KnowledgeBase, With Comments Off on Related Party Transactions- Section 188

RELATED PARTY [Sec 2 (76)] “Related Party”, with reference to a Company, means: A director or his relative; A key managerial personnel or his relative; A firm, in which a director, manager or his relative is a partner; A private company in which a director or manager or his relative…

NBFC New Regulatory Regime 2014

On March 30, 2015, Posted by , In KnowledgeBase, With Comments Off on NBFC New Regulatory Regime 2014

The Reserve Bank of India (RBI) , pursuant to its review of the regulatory framework for Non-Banking Finance Company (NBFC), on Monday, 10 November 2014 made certain amendments to the regulatory framework for NBFCs. Additionally, the RBI revoked with immediate effect its temporary suspension of the issuance of Certificate of…