Blog posts May 2017
Taxation on sale of Co-operative Flat
Section 44ADA for professionals
PRESUMPTIVE TAXATION FOR PROFESSIONAL SERVICE PROVIDERS
Introduction:
With the start-up boom and globalization, lots of working professionals are getting into full time profession or on part-time basis.
Then the logical question arises, how the income will be taxed?
…
DORMANT COMPANY – AN OUTLOOK
DORMANT COMPANY – AN OUTLOOK
According to section 455 of Companies Act, 2013 Dormant Company is an inactive company which has not been carrying any business or has not made any significant accounting transaction in the last two financial years.
i) “inactive company” means a company whic…
Registration of producer company
PRODUCER COMPANY – AN OVERVIEW
Producer Company is a company registered under the Companies Act, 2013, which has the objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling and export of primary produce of the Members or import of goods or services for t…
Service Tax on Works Contract
Service Tax on Works Contract
Types of work that fall under the works contract category:
1) Erection, Commission or installations of plants, electronic devices, drainage laying, pipelines, thermal and sound insulators e.t.c.
2) Construction of new buildings, pipelines, etc primarily f…
SOP FOR INVESTIGATION OF FRAUD IN CASE OF DEPOSIT TAKING COMPANIES
STANDARD OPERATING PROCEDURE (SOP) FOR INVESTIGATION OF FRAUD IN CASE OF DEPOSIT TAKING COMPANIES
India has been flooded with various Ponzi schemes that take advantage of small investors looking for alternate banking options. Lacking access to formal banks, low-income Indians often rely on inform…