Sections 94(1) and 117(1) of the Companies Act 2013 and the rules established thereunder require a company to file MGT-14 with the Registrar of Companies (RoC). Private corporations, on the other hand, are immune from filing Board Resolutions. For subjects mentioned in section 179(3) of the Firms Act 2013 read with rule 8 of the […]
Debt Recovery Tribunals were established to make it easier for banks and other financial institutions to recover debts owed to them quickly. DRTs were established when the Recovery of Debts Due to Banks and Financial Institutions Act (RDBBFI) was passed in 1993. A person or company who has been harmed by DRT orders can file an […]
Did you know that doing good deeds and being kind can help you save money on taxes? The Indian Income Tax Act, Section 80G, makes provision for this. To calculate your taxable income, you can deduct your donations to Central and State Relief Funds, NGOs, and other Charitable Trusts or institutions under Section 80G. In this […]
Indian as a country has been undergoing some major changes in the past few years. Indian is one of those countries that have had to face some major economic and political transformation. The Indian constitution, which was drafted back in 1950, has undergone some drastic amendments since then. The Indian government and its policies on various […]
Indian Income Tax Rebate Under Section 87A is one of the Indian income tax provisions that help Indian taxpayers reduce their Indian income tax liability. Indian citizens can claim an Indian Income Tax Rebate under section 87A if their total Indian income does not exceed Rs 5 lakh in a financial year. The Indian Income […]
A major issue for GST-registered businesses is ensuring that they do not lose out on the former regime’s tax benefits and input credits. These taxes could have been paid on inputs, raw materials, semi-finished goods, finished goods, or materials sent to […]
