Investment in gold bond is an investment in gold; however, it doesn’t involve investment in the form of coin, jewelry or a gold bar. Its value... Read More
Sourav
The Indian Finance Minister Mr.Arun Jaitley during the Union Budget 2016 stated that for bringing the number of taxation cases and litigation down across the... Read More
Clubbing of income refers to the inclusion of other person’s income in the assessee’s final taxable income, for instance, income earned by the spouse from an... Read More
Funds apart from equity-oriented funds, short-term gains are gains made on assets which assessee holds for less than 3 years and are taxable as per... Read More
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
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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
Lifting Corporate Veil- Possible in case of Fraudulent conduct, Misrepresentation by Directors
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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
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