The final judgement given by the High Court of Kerala in the case of Puthenpurakal Properties Private Ltd & VKL Homes India Private Ltd. Vs Union Of India & Registrar Of Companies, Kerala serves as a clarifier regarding e-form INC-22A
Appointment of whole time Company secretary and its relevance in INC-22A (ACTIVE) Read More »
Applicable to all factories and establishment with 10 or more persons employed in such establishment.
Employee provident fund VS Employee state insurance VS Labour welfare fund (Tamil Nadu) Read More »
It is the tax computed @ 15% on book profit plus surcharge and cess as applicable. If the assessee is located in IFSC (International financial services centre), then MAT is applicable @ 9% instead of 15%.
Minimum Alternate tax (MAT) – Section 115JB Read More »
The registration under GST will no longer be active and the dealer is not required to Pay/collect any GST, Claim any input tax credit or File returns.
Cancellation of GST Registration (Section 29 of CGST Act) Read More »
Composition levy is a mechanism available to taxpayers wherein they can choose to pay tax at a fixed percentage on the state turnover.
Composition Levy (Section 10 of CGST Act) Read More »
The liability to pay tax on goods, shall arise at the time of supply, as determined using the following provisions,
Time of supply- Basics Read More »
Asset to be transferred: Any long-term capital asset. Asset on which capital gain to be invested: Long-term Specified Asset.
Capital gain exemption: Section 54EE Read More »
Asset to be transferred: Land & Building, Plant & machinery, any right in land and building used for the purpose of business of an industrial undertaking in urban area.
Capital gain exemption: Section 54GA Read More »
Asset to be transferred: Residential property (land or house). Usage of derived capital gain to claim exemption: Subscription in equity shares of eligible company.
Capital gain exemption: Section 54 GB Read More »
Asset to be transferred: Land or building forming part of industrial undertaking. Asset on which capital gain to be invested: Land or building forming part of industrial undertaking.
Capital gain exemption: Section 54 D Read More »
