Section 19. Subsidiary Company not to hold shares in its Holding Company.
(1) No company shall, either by itself or through its nominees, hold any shares in its&nbs...
Section 219. Power of Inspector to Conduct Investigation into Affairs of Related Companies, etc.
If an inspector appointed under section 210 or section 212 or section 213&n...
IMPACT IN STANDALONE FINANCIAL STATEMENTS
The issue is whether, in its separate financial statements, an entity should apply the provisions o...
GAIN OR LOSS ON SALE
At the July 2012 Interpretations Committee meeting, some amendments to IAS 28 Investments in Asso...
SC hears pleas against state power to levy VAT
The Supreme Court on Tuesday began to hear a bunch of petitions filed by three organizations challen...
TDS on immovable Property Sale – Comes back again to haunt you!!!
TDS on the value of property – (Old wine in new bottle) – Applicable from June 01, 2013 In unio...
Summary of Direct Tax Provisions – Budget 2013
1. UNION BUDGET 2013-14 -DIRECT TAX 2. SURCHARGE A surcharge of 10 % on persons whose taxable inc...
Summary of Indirect Tax Provisions – Budget 2013
The Point no.s Continued from Direct Tax Provisions blog 29. UNION BUDGET 2013-14 -INDIRECT TAX 30. ...
Importance of Stamp Duty Reinstated in some more Direct Tax Amendments
Section 56 (Amended): Tax on Purchase of Immovable Property at insufficient consideration Applicabil...
Increase in Rate of Service Tax on High End Complexes – Targeting the Super Rich again
The budget 2013, has again tinkered the rates of service tax related to the service portion involved...