A simple understanding of section 139(1) of the Companies Act 2013 provides the below-mentioned points, regarding the appointment, term, duration and rotation of the auditors:... Read More
GST- Important Events and Dates
3 min read
The Goods and Services Tax (GST) Bill has finally been passed that allows implementation of Goods & Services Tax. The Government is looking to implement... Read More
Penalty Provisions under GST (From Model GST Law) In GST law penalty provisions are harsher and stricter for tax evader. Taking the intention forward, the... Read More
Lifting Corporate Veil- Possible in case of Fraudulent conduct, Misrepresentation by Directors
3 min read
Piercing the corporate veil is the most widely used doctrine in corporate law for deciding whether shareholders could be liable for all the commitments of... Read More
From a taxpayer point of view, registration under the GST regime will be the prime factor. The GST system, under its umbrella, would cover all... Read More
An Endowment Policy is basically a life insurance contract made between the insurer and the insured which not only covers the life of the insured... Read More
It has become a common mindset to make the Assessee liable to Penalty u/s 271 (1) (c) in all the cases in which he/she abstains... Read More
‘Appeal’ as per the One Law Dictionary is defined as a proceeding which is taken to amend a wrong and incorrect decision of a court... Read More
Are you upset with some ridiculous provisions in the Income tax or other indirect taxes acts? Are you upset with the functioning of the Income... Read More
The Certificate Category has got no relation with the Tax Compliances or the honesty with which tax deposit has been done by Tax Payer. Assuming... Read More