All are aware that the Companies Act, 2013, came in to fore, as an updated mixed bag of regulations, to cater the business needs of the changing economic environment thereby providing sustainable growth and better corporate governance. The Act has roped in many new concepts, thereby making the enactment to
The Abc To Xyz Of Contract Labour
Engagement of contract labour by employers through agencies has always been an issue of great interest if not controversy. Contract Labour employed in the industry generally are not on the rolls of the company. In the Indian environment the issues pertaining to the engagement of Contract Labour have been a
Rate Of Service Tax Vis-À-Vis Taxation
The rate of service tax has been increased from 12.36% to 14%/16% from a date to be notified. The above change in the rate of service tax has been introduced in the Finance Bill, 2015. In light of the proposed new rate of service tax, we wish to analyse certain
Llp Compliances – Filing Of Annual Return
As part of the Financial Disclosures, pursuant to Section 35 of the LLP Act, 2008, read withRule 25 of the LLP Rules, 2009, every LLP shall file Annual Return with the concerned Registrar of LLP within Sixty (60) days of closure of its financial year. Due Date: The Annual Return
Dormant Company, Under Companies Act, 2013
The concept of Dormant Company was neither defined under the Companies Act, 1956 nor is defined under the Companies Act, 2013. Under the Companies Act, 1956, there was a concept called the Defunct Company (Section 560), and the Registrar of Companies may with reasonable cause believes that any company is
Changes Made To Finance Bill, 2015 (Bill Passed In New Avatar)
MAT- Applicability to Foreign Company: Original Proposal in Finance Bill, 2015: The Finance Bill, 2015 presented originally proposed that long-term capital gains and short-term capital gains (on which STT is paid) arising to FIIs would be excluded from the chargeability of MAT. Further, expenditures, if any, debited to the profit
Source And Residence Based Taxation And Their Relevance In Double Taxation
Income or profits which result from international activities such as cross border investment may be taxed where the income is earned (source country) or where the person who receives it normally based (Country of residence). Residence taxation of income is based on principle that the people and firms should contribute
Undisclosed Foreign Income And Assets (Imposition Of Tax) Bill, 2015
Background: The Finance Minister, in his budget speech, while acknowledging the limitations under the existing law, had conveyed the considered decision of the Government to enact a comprehensive new law on black money to specifically deal with black money stashed away abroad. He also promised to introduce the new Bill
Complete Study On Renting Of Immovable Property – Servicetax
In continuation to the series of articles on real estate transaction, we bring vide this edition, a complete study of service tax impact on renting of immovable property.
Compounding Of Offences Under Companies Act, 1956 & 2013
To err is human: It is very human, to make a mistake or to do something which should have not been done or not doing something which should have been done in time, so as to be compliant with the law of the land. But, Ignorantia juris non excusat/ignorantia Legis