Section 142 of The Companies Act, 2013: Remuneration of auditors
Section 142 of The Companies Act, 2013: Remuneration of auditors (1) The remuneration of the auditor of a company shall be fixed in its...
Month: June 2022
Section 141 of The Companies Act, 2013: Eligibility, qualifications and disqualifications of auditors
Section 141 of The Companies Act, 2013: Eligibility, qualifications and disqualifications of auditors (1) A person shall be eligible for...
Section 194S of the Income Tax Act
Summary of Section 194S Section 194S: TDS @ 1% on Purchase Consideration of Virtual Digital Asset In line with the...
Section 194R of the Income Tax Act
Summary of Section 194R Section 194R: TDS @ 10% on Benefits or Perquisites arising out of Business or Profession Section...
All about New TDS Section 194R and Section 194S
The Finance Bill 2022 has proposed two completely new TDS sections, 194R and 194S, in the Income Tax Act, to...
Addition of 6% tax rate in GSTR-1 online
Addition of 6% tax rate in GSTR-1 online It may be noted that 6% tax rate has been added in...
PROCEDURE FOR DISTRAINT BY ASSESSING OFFICER OR TAX RECOVERY OFFICER
Distraint and sale Where any distraint and sale of movable property are to be effected by any Assessing Officer or...
Taxation of Life Insurance Business
A.—Life insurance business Profits of life insurance business to be computed separately 1. In the case of a person who carries...
Income Tax Provision for insurance business
A.—Life insurance business Profits of life insurance business to be computed separately 1. In the case of a person who carries...
Section 147 of The Companies Act, 2013: Punishment for contravention of section 139 to 146
Section 147 of The Companies Act, 2013: Punishment for contravention (1) If any of the provisions of sections 139 to 146 (both inclusive) is...