Section 68 : Unexplained Cash Credit

By |2021-11-11T06:39:36+00:00October 17th, 2021|Categories: Business|Tags: , , , , |

Section 68 deals with unexplained cash credit. According to section 68 of the Income Tax Act of 1961, if any sum is found credited in an assessee's books of accounts for any previous year, and the assessee could not provide any explanation about the source and nature of the sum, or the explanation offered by him [...]

Comments Off on Section 68 : Unexplained Cash Credit

MGT-14: Compliance, STP, Penalty and Download

By |2020-03-16T09:21:40+00:00April 29th, 2019|Categories: Company Articles|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Form MGT-14 was introduced in the Companies Act 2013. The purpose was that certain resolutions need to be filed with the Registrar of Companies, after the passing of the same at a Board meeting or the one held by Shareholders/Creditors of the company. As per Section 117(3), a copy of every resolution or any agreement, together with [...]

Comments Off on MGT-14: Compliance, STP, Penalty and Download