Consultancy fees paid for studying & preparing a strategy to reduce cost of production is eligible for deduction: HC
0 Judiciary and Counsel Details Alok Aradhe & Nataraj Rangaswamy | JJ. I. Sanmathi| Adv. for the Appellant Shankar| Sr. Counsel and M. Lava | Adv. for the Respondent Facts of the Case Assessee was a limited company carrying on manufacturing, purchasing, and selling excavators, loaders, cranes, dumpers and spare parts, etc. Assessee filed its return of income. The … Read more Consultancy fees paid for studying & preparing a strategy to reduce cost of production is eligible for deduction: HC
Realisation and Distribution of Assets by Liquidator
0 Topics covered in this article are as follows: 1. Realisation of assets by Liquidator 1.1 Mode of sale 2. Distribution of assets 2.1 Distribution of assets from sale of liquidation assets 2.2 Fees payable to liquidator to be deducted from distribution 2.3 Insolvency resolution process costs 3. Completion of liquidation within one year 4. Final report by Liquidator … Read more Realisation and Distribution of Assets by Liquidator
Briefing on E-Way Bill for Transport of Goods under GST
0 Table of Contents: 1. Background of E-way Bill provisions 2. Position in respect of applicability of e-way bill provisions for movement of goods within the State 3. Relaxations given by some State Governments in respect of e-way bills 4. Common portal to upload details of E-way Bills 1. Background of E-way Bill provisions On … Read more Briefing on E-Way Bill for Transport of Goods under GST
Key Highlights of FM Nirmala Sitharaman’s Press Conference to Boost COVID-19 affected Sectors
0 Topics covered in this article are as follows: 1. Credit Guarantee Scheme for the healthcare Sector 2. Credit Guarantee Scheme for Banking Industry 3. Credit Guarantee Scheme for Micro, Small, and Finance 4. Credit Guarantee Scheme for Tourism Industry 5. Free Tourist Visa to 5 Lakh Tourists 6. Extension of Schemes 6.1 Atmanirbhar Bharat … Read more Key Highlights of FM Nirmala Sitharaman’s Press Conference to Boost COVID-19 affected Sectors
Revised Criteria for Small and Medium Sized Companies (SMCs) under Companies (Accounting Standard) Rules
0 Topics covered in this article are as follows: 1. Revised definition of Small and Medium-Sized Companies (SMCs): 1.1 An SMC is a Company 1.2 Turnover Criteria for SMC 1.3 Borrowing Criteria for an SMC 1.4 Holding/ Subsidiary relation criterion 1.5 Implications of change in status of SMC The Ministry of Corporate Affairs (MCA) has … Read more Revised Criteria for Small and Medium Sized Companies (SMCs) under Companies (Accounting Standard) Rules
