Download or read book Taxmann s LLP Ready Reckoner Amended updated comprehensive and subject wise practical guide to the LLP regime in India providing answers to practical issues June 2024 written by V.S Datey and published by Taxmann Publications Private Limited. This book was released on 2024-07-09 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a subject-wise practical guide to the following laws: • Limited Liability Partnership Act, 2008 [LLP Act] (as amended by the Limited Liability Partnership (Amendment) Act, 2021) • Limited Liability Partnership Rules, 2009 [LLP Rules] It offers a comprehensive analysis of all provisions of the LLP Act and the associated Rules, addressing practical issues faced by professionals. The Present Publication is the June 2024 Edition and has been amended up to 15th June 2024. This book is authored by Mr V.S. Datey, with the following coverage: • Overview of the LLP Act • Incorporation of LLP • Partner and Designated Partner • LLP Agreement • Accounts, Audit and Annual Returns of LLP • Routine Management of LLP • Administrative Control over LLP • Compromise and Arrangement • Winding-Up and Strike off Defunct LLP • Investigation of Affairs of LLP • Offences, Punishments and Penalties • Other Provisions in respect of LLP • Taxation of LLP • Foreign Direct Investment in LLP • Overseas Investment by LLP

Download or read book Taxmann s LLP Law Manual Authentic integrated compendium of annotated amended updated text of the LLP Act along with Rules Circulars Notifications etc Amended by the LLP Amendment Act written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-07-05 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an authoritative compendium featuring India's Limited Liability Partnership Laws' amended, updated, and annotated text. It is organised into four sections: • Limited Liability Partnership Act, 2008 • Limited Liability Partnership Rules • Circulars & Notifications • Foreign Direct Investment in Limited Liability Partnerships This essential resource caters to legal professionals, scholars, and anyone interested in the intricacies of the Limited Liability Partnership Act and its influence on corporate structures in India. The Present Publication is the 13th Edition & amended up to 15th June 2024, edited by Taxmann's Editorial Board, with the following noteworthy features: • [Short Commentary] on the Limited Liability Partnership Act, 2008 • Integrated LLP Rules, Circulars & Notifications, FDI Policy, FEMA Rules o Limited Liability Partnership Rules, 2009, as amended to date o Limited Liability Partnership (Winding up and Dissolution) Rules, 2012 o Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023 o Text of LLP Circulars & Notifications o FDI Policy related to LLPs o Rules & Schedule of FEMA (Non-Debt Instruments) Rules, 2019 • [Taxmann's series of Bestseller Books] on LLP Laws • [Follows the Six-Sigma Approach] to achieve the benchmark of 'zero error'

Download or read book Taxmann s New Criminal Laws Ready Reckoner Comprehensive guide providing section by section analysis and tabular comparisons of BNS BNSS and BSA vs IPC CrPC and IEA written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-09-07 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New Criminal Laws Ready Reckoner is a comprehensive and authoritative guide to the Bharatiya Nyaya Sanhita (BNS) 2023, Bharatiya Nagarik Suraksha Sanhita (BNSS) 2023, and Bharatiya Sakshya Adhiniyam (BSA) 2023. It provides a 'section-by-section' analysis, focusing on the legislative intent behind each provision. The book features an exhaustive tabular comparison of the new and old legal frameworks, helping readers easily identify changes and continuities ensuring a smooth transition to the new legal regime. Its well-structured layout allows quick access to information, catering to broad overviews and in-depth study. Published by Taxmann, this guide upholds its tradition of delivering high-quality legal publications, making it an essential resource for understanding and applying India's new criminal laws. This book is helpful for legal professionals, providing a detailed section analysis and comparison tables for effective practice. Law enforcement officers benefit from its procedural clarity, while academicians and students find it a valuable resource for studying and teaching the new laws. Government officials and policymakers will also appreciate its depth and clarity for policy formulation and implementation. The Present Publication is the Latest Edition, authored by Taxmann's Editorial Board, with the following noteworthy features: • Exhaustive ‘Section-by-Section’ Analysis o The book provides a detailed section-by-section breakdown of the three major new laws, i.e. BNS, BNSS and BSA, replacing the Indian Penal Code (IPC), Code of Criminal Procedure (CrPC), and Indian Evidence Act. Each section is analysed to clarify the new provisions, their scope, and practical implications. The commentary is aimed at aiding legal professionals in interpreting and applying the new laws effectively • Detailed Tabular Comparisons o One of the standout features of this Ready Reckoner is the inclusion of tabular comparisons between the old laws (IPC, CrPC, and Indian Evidence Act) and the new laws (BNS, BNSS, and BSA). These tables help readers quickly identify the changes, including reworded sections, renumbered provisions, and newly introduced concepts. The comparison tables are handy for practitioners transitioning from the old legal framework to the new one, as they highlight the continuity and differences between the two sets of laws • User-Centric Organisation o The book is divided into three primary divisions § Division One | Bharatiya Nyaya Sanhita, 2023, which addresses substantive criminal law, including general exceptions, offences, and punishments § Division Two | Bharatiya Nagarik Suraksha Sanhita, 2023, which deals with procedural law, outlining the criminal procedures to be followed from investigation through trial and appeal § Division Three | Bharatiya Sakshya Adhiniyam, 2023, which focuses on the law of evidence, detailing the rules and principles governing the admissibility, relevance, and evaluation of evidence in criminal cases o Each division includes an arrangement of sections, a subject index, and guides that provide a roadmap for navigating the extensive content • Comparative Tables of Sections o At the end of each division, the book provides comprehensive tables showing the old laws' sections (IPC, CrPC, and Indian Evidence Act) alongside the corresponding sections in the new laws (BNS, BNSS, BSA). This feature is instrumental in helping readers understand how specific provisions have been modified, relocated, or replaced. For example, sections from the IPC are matched with their counterparts in the Bharatiya Nyaya Sanhita, showing the continuity or changes in the legislative approach • Authoritative Commentary o The book provides an authoritative commentary on each section, enriched with analyses of the legislative intent behind the new laws. This commentary not only explains the text of the law but also contextualises it within the broader framework of Indian criminal jurisprudence • Practical Utility o Designed with the needs of legal practitioners in mind, this Ready Reckoner is a practical tool for day-to-day legal work. It serves as a quick reference guide during court proceedings, client consultations, and legal research

Download or read book Taxmann s LLP Ready Reckoner Subject wise Practical Guide to the LLP Act as amended by LLP Amdt Act 2021 and LLP Rules written by V.S.Datey and published by Taxmann Publications Private Limited. This book was released on 2021-10-22 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taxmann's LLP Ready Reckoner is a subject-wise practical guide to the following laws: • Limited Liability Partnership Act, 2008 (as amended by the Limited Liability Partnership (Amendment) Act, 2021) • Limited Liability Partnership Rules, 2009 It comprehensively covers the analysis of all provisions of the LLP Act & the Rules prescribed thereunder and provides answers for all practical issues faced by professionals. The Present Publication is the Latest Edition, authored by V.S. Datey, amended by the Limited Liability Partnership (Amendment) Act 2021 & updated till 13th August 2021. The detailed coverage of the book is as follows: • Overview of the LLP Act • Incorporation of LLP • Partner and Designated Partner • LLP Agreement • Accounts, Audit and Annual Returns of LLP • Routine Management of LLP • Administrative Control over LLP • Compromise and Arrangement • Winding Up of LLP • Investigation of Affairs of LLP • Offences, Punishments and Penalties • Other Provisions in respect of LLP • Taxation of LLP • Foreign Direct Investment in LLP

Download or read book Taxmann s Company Law Ready Reckoner Topic wise commentary on 40 topics of the Companies Act 2013 along with relevant Rules Case Laws Circulars Notifications 2024 written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-07-22 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive guide offers detailed and accurate information on all provisions of the Companies Act 2013. It features a topic-wise commentary on each provision, providing valuable insights and practical guidance for companies and corporate professionals. This book addresses various practical issues faced by corporate entities and professionals. The Present Publication is the 15th Edition | July 2024 & updated till 10th June 2024. This book is authored by Taxmann's Editorial Board with the following noteworthy features: • [Topic-wise Commentary] The book covers over 40 key topics related to the Companies Act 2013, ensuring a detailed understanding of each provision • [Comprehensive Analysis] It includes a thorough analysis of all provisions of the Companies Act, supplemented with relevant Rules, Judicial Pronouncements, Circulars, and Notifications • [Practical Guidance] The book addresses practical issues faced by companies and corporate professionals, making it an indispensable resource for day-to-day corporate governance and compliance The contents of the book are as follows • Introduction o This chapter lays the foundation with an overview of the company form of business organisation, the administration of the Companies Act, the concept of a company as a separate legal entity, and various types of companies that can be formed. It also explores fundamental principles like limited liability and the lifting of the corporate veil • Incorporation of a Company o The process of forming a company is detailed here, including the initial stages, naming conventions, signing of the memorandum and articles, necessary documentation, and obtaining the certificate of incorporation • Memorandum of Association o This chapter discusses the memorandum as the constitution of the company, detailing its clauses, the procedure for alterations, and the doctrine of ultra vires • Articles of Association o It provides insights into the internal management rules, the binding nature of articles, and the procedure for altering articles • Capital of the Company o An exploration of company funds, including equity and preference shares, highlighting the distinction between 'own funds' and 'loan funds' • Issue of Securities o Various modes of raising capital are discussed, such as issuing shares at a premium, private placement, and the procedures for issuing and allotting securities • Further Issue of Securities o This chapter elaborates on rights issues, preferential allotment, bonus shares, sweat equity shares, and employee stock options • Reduction of Capital and Buy-back of Securities o Processes for reducing capital and buying back securities are detailed, including procedural aspects and legal requirements • Public Issue of Securities o It covers the background, stock exchange requirements, prospectus details, and penalties for violations related to public issues • Membership of Company o The chapter defines the rights and obligations of members, shareholding variations, and the procedures for maintaining a register of members • Transfer of Securities o Guidelines and procedures for the transfer of shares and securities, including legal restrictions and protections for transferees, are discussed • Nomination and Transmission of Shares o The procedures for nominating shares, involuntary transfers, and transmissions in various circumstances, including insolvency and mental incapacity • Democracy of Shareholders o This chapter emphasises the ultimate ownership by shareholders, detailing the types and procedures of shareholder meetings, including the annual general meeting • Procedure of General Meeting o It provides a comprehensive guide to conducting general meetings, including notices, voting procedures, and the role of the company secretary • Directors of Company o Roles, responsibilities, appointment processes, and the legal position of directors are explored, including remuneration and the concept of independent directors • Disqualifications and Removal of Director o The legal grounds for disqualification, procedures for removal, and the implications of director vacancies are thoroughly examined • Restrictions on Directors in Relation to Company o Detailed restrictions on directors' actions, such as related party transactions, loans, and contracts, are outlined • Duties, Rights, and Liabilities of a Director o An in-depth look at the legal duties, rights, and potential liabilities of directors under various circumstances • Meeting of the Board of Directors o This chapter details the procedures for board meetings, including agenda setting, quorum requirements, and the role of the chairperson • Report of Board to Members o The contents and requirements of the directors' report, particularly for listed companies, are explained • Corporate Governance o The principles and practices of corporate governance, including SEBI requirements, are discussed, emphasising transparency and integrity • Restrictions on Powers of Board o Legal restrictions on the board's powers, such as borrowing limits and investment rules, are outlined • Key Managerial Personnel o The roles and responsibilities of key managerial personnel, including managing directors and company secretaries, are analysed • Charge on Assets of the Company o Guidelines for securing borrowings through charges on company assets, including filing requirements and penalties for non-compliance • Debentures o The nature, types, and issuance procedures for debentures are detailed, along with protections for debenture holders • Public Deposits o Procedures and restrictions for accepting public deposits, including repayment requirements and exemptions • Accounts of the Company o Requirements for maintaining and auditing financial accounts, including the role of the National Financial Reporting Authority (NFRA) and accounting standards • Dividend o Rules and procedures for declaring and paying dividends, including SEBI requirements and provisions for unpaid dividends • Financial Audit of Accounts o The role and responsibilities of auditors, including appointment procedures and the scope of audit reports • Cost Audit and Secretarial Audit o Detailed processes for cost and secretarial audits, including applicable standards and the distinction from financial audits • Private Companies o Special provisions and requirements for private companies, including conversion processes and potential personal liabilities • Holding and Subsidiary Companies o Implications and legal provisions for holding and subsidiary relationships, especially for listed companies • Companies Licensed Under Section 8 o Requirements and regulations for non-profit companies and electoral trusts • Government Companies o Special provisions for companies where the government is a major shareholder, including audit and reporting requirements • Foreign Company o Regulations applicable to foreign companies operating in India, including limitations and share issuance rules • Other Types of Companies o Provisions for small companies, one-person companies, dormant companies, and specific industry-related companies like banking and insurance • Miscellaneous Provisions in Company Law o Additional regulations and procedural aspects, including service of documents, mediation, and the Insolvency and Bankruptcy Code • Overview of NCLT Related Issues o Comprehensive coverage of the National Company Law Tribunal's (NCLT) role, procedures for mergers, takeovers, and insolvency resolution • Penalties and Punishments o General and specific provisions regarding penalties for non-compliance, fraud, and other offences • Rules of Interpretation o Guidelines for interpreting company law statutes, including general and specific rules, aids, and presumptions • Miscellaneous o Additional provisions covering document service, removal of company names, jurisdiction of courts, and rule-making powers

Download or read book Taxmann s Taxation of Loans Gifts Cash Credits Comprehensive analysis on undisclosed incomes and gift taxation featuring case law ready reckoners etc Finance No 2 Act 2024 written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-09-07 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an exhaustive guide to the complex landscape of undisclosed incomes and the taxation of gifts, providing a thorough analysis supported by relevant case laws. It examines the legislative provisions under the Income Tax Act, 1961, the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, and the Prohibition of Benami Property Transactions Act, 1988. It is designed to equip tax professionals, legal practitioners, accountants, auditors, and other stakeholders with the necessary knowledge to understand the complexities of tax compliance, planning, and dispute resolution in these areas. The Present Publication is the 13th Edition and has been amended by the Finance (No. 2) Act 2024. This book is authored by Taxmann's Editorial Board with the following noteworthy features: • Comprehensive Coverage of Undisclosed Incomes o Thorough Discussion of Provisions § The book analyses the provisions related to undisclosed incomes, such as unexplained investments, unexplained cash credits, and other unreported assets. It thoroughly discusses these topics in the light of relevant provisions under the following: ■ Income Tax Act, 1961 ■ Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 ■ Prohibition of Benami Property Transactions Act, 1988 o Case Law Analysis and Practical Application § Detailed discussions are supported by case laws that highlight the judicial interpretations and practical applications of these provisions, providing readers with a clear understanding of the legal nuances involved in cases of undisclosed income o Ready Reckoners for Legal Consequences § A unique feature of the book is the inclusion of a ready reckoner that outlines the possible legal consequences of investments under various laws, depending on the source, nature of income, and manner of investment. This ready reckoner serves as a quick reference tool, helping practitioners assess the potential outcomes of various investment scenarios, ensuring informed decision-making o Analysis of Shell Companies § Applicability of Section 68 and Benami Act ■ The book provides an in-depth examination of the applicability of Section 68 and the Benami Property Transactions Act to monies routed through shell companies, highlighting the legal and tax implications of using such entities § Case Law Analysis ■ It discusses relevant case laws that shed light on how funds routed through shell companies are scrutinized by tax authorities, offering guidance on compliance and risk mitigation strategies • Extensive Coverage of Gift Taxation o Taxability of Various Gifts § The book comprehensively covers the taxation of gifts, providing detailed discussions on: ■ Awards and Rewards – Tax implications of awards and rewards given to Olympic heroes ■ Financial Benefits – Analysis of the taxability of cashbacks, loan waivers, and one-time settlements of NPAs by banks when received by individuals or entities ■ Promotional and Corporate Gifts – Taxation of gifts to brand ambassadors and freebies given by pharmaceutical companies to doctors, highlighting the tax consequences of these promotional practices ■ Personal and Financial Transactions – Examination of the taxability of alimony received, family settlements, bonus shares, and rights shares received by shareholders, providing comprehensive guidance on personal financial transactions o Ready Reckoner for Relatives § A ready reckoner provides a detailed list of relatives to whom gifts can be made without attracting tax liabilities for the recipient, facilitating tax-efficient gift planning and compliance • Ready Reckoners for Property Transfers o Immovable Property Transfers § Comprehensive Tax Guidance – The book also addresses the taxation of gifts involving immovable property, such as land and buildings, whether received without consideration, for consideration less than the stamp duty value or when the value is indeterminable § Detailed Ready Reckoner – The ready reckoner concisely summarises the tax implications for the transferor/donor and recipient/donee, providing a clear roadmap for managing property-related tax issues. o Movable Property Transfers § Taxation of Specified Movable Properties – The book also covers the taxation of gifts involving specified movable properties, including jewellery, shares, securities, bullion, works of art, and virtual digital assets § Ready Reckoner for Movable Property – The ready reckoner summarises the tax implications for transfers where consideration is below fair market value or not ascertainable, providing practical guidance for accurate tax reporting and compliance in complex asset transactions

Download or read book Taxmann s Ind AS Ready Reckoner Updated Amended Reference Manual with Practical Lucid Explanations Illustrations Process Flow Charts FAQs to Decode Complex Ind AS for Professionals written by CA Ravi Kanth Miriyala & CA Sunitanjani Miriyala and published by Taxmann Publications Private Limited . This book was released on 2021-08-10 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ind AS Ready Reckoner is a simple & practical workbook on Ind AS [as amended by the Companies (Indian Accounting Standards) Amendment Rules 2021] to guide the members in practice/employment in their day-to-day works. This book will help the professionals cope with various developments in the accounting standards’ area, which has become complex after Ind AS has started aligning with its global counterpart. The Present Publication is the Latest Edition, authored by CA Ravi Kanth Miriyala & CA Sunitanjani Miriyala, amended up to July 2021, with the following noteworthy features: · [Most Updated & Amended] This book incorporates the latest amendments under Companies (Indian Accounting Standards) (Amendment) Rules, 2021 · [Practical & Lucid Explanations/Illustrations/Process Flow Charts] are provided in this book for members in practice/employment, to act as a one-stop reference manual on complex matters, without diluting the content of Standards · [Definitions & Applications Guidance with Basis of Conclusion] are incorporated in critical chapters and wherever it is necessary to understand the reasoning · [FAQs & Illustrative Examples] This book also incorporates FAQs of educational material issued by the ICAI and illustrative examples issued by the IASB · [Ind AS vs AS & Ind AS vs IFRS] Covers the differences between Ind AS & AS as well as Ind AS & IFRS, at the end of every standard The detailed contents of the book are as follows: · Ind AS 1 – Presentation of Financial Statements · Ind AS 2 – Inventories · Ind AS 7 – Statement of Cash Flow · Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors · Ind AS 10 – Events after the Reporting Period · Ind AS 12 – Income Taxes · Ind AS 16 – Property, Plant and Equipment (PPE) · Ind AS 19 – Employee Benefits · Ind AS 20 – Accounting for Government Grants · Ind AS 21 – The Effects of Changes in Foreign Exchange Rates · Ind AS 23 – Borrowing Costs · Ind AS 24 – Related Party Disclosures · Ind AS 27 – Separate Financial Statements · Ind AS 28 – Investment in Associates and Joint Ventures · Ind AS 33 – Earnings Per Share (EPS) · Ind AS 34 – Interim Financial Reporting (IFR) · Ind AS 36 – Impairment of Assets · Ind AS 37 – Provisions, Contingent Liabilities and Contingent Assets · Ind AS 28 – Intangible Assets · Ind AS 40 – Investment Property · Ind AS 41 – Agriculture · Ind AS 101 – First-time Adoption of Indian Accounting Standards · Ind AS 102 – Share-Based Payments · Ind AS 103 – Business Combinations · Ind AS 104 – Insurance Contracts · Ind AS 105 – Non-current Assets Held for Sale and Discontinued Operations · Ind AS 106 – Exploration for and Evaluation of Mineral Resources · Ind AS 108 – Operating Segments · Ind AS 109, 32 & 107 – Financial Instruments · Ind AS 110 – Consolidated Financial Statements · Ind AS 111 – Joint Arrangements · Ind AS 112 – Disclosure of Interest in Other Entities · Ind AS 113 – Fair Value Measurement · Ind AS 114 – Regulatory Deferral Accounts · Ind AS 115 – Revenue from Contracts with Customers · Ind AS 116 – Leases

Download or read book Taxmann s Corporate Laws POCKET PAPERBACK Authentic Comprehensive Book Covering Amended Updated Annotated Text of India s 10 Corporate Laws incl Companies Act LLP FEMA etc 2024 written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-06-25 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the most authentic and comprehensive resource on over 10 of India's key corporate laws, presented in a convenient pocket-sized paperback format. It is an invaluable tool for legal professionals, corporate entities, academicians, and students specializing in corporate law. The Present Publication is the 50th Edition & updated upto 10th June 2024. It is edited by Taxmann's Editorial Board, and it covers the following Laws: • Annotated text of the Companies Act, 2013 [as amended upto date]. Annotations under each Section shows the following: o Relevant Rules framed under the relevant Section o Reference to relevant Forms prescribed o Exemptions available to Private Companies, Government Companies, Nidhis, Charitable Companies, Unlisted Public Company, and Private Companies operating from IFSCs located in SEZ o Exemptions available to Financial Products/Services/Institutions in IFSCs o Gist of relevant Circulars & Notifications o Date of enforcement of provisions o Corresponding provisions under the 1956 Act o Words and phrases judicially noticed o Allied Laws referred to in the provision o Relevant provisions of SEBI Rules/SS-1 to SS-4/Listing Obligations/Table F of Schedule I • Securities Contracts (Regulation) Act, 1956 [as amended by the Finance Act 2023] • Limited Liability Partnership Act, 2008 [as amended up to date] • Emblems and Names (Prevention of Improper Use) Act, 1950 [as amended up to date] • Foreign Exchange Management Act, 1999 [as amended up to date] • Foreign Contribution (Regulation) Act, 2010 [as amended up to date] • Depositories Act, 1996 [as amended up to date] • Insolvency and Bankruptcy Code, 2016 [as amended up to date] with the following: o Provisions of other Acts referred to in the Insolvency and Bankruptcy Code • Competition Act, 2002 [as amended by the Competition (Amendment) Act 2023] • Securities and Exchange Board of India (SEBI) Act, 1992 [as amended up to date] • Right to Information Act, 2005 [as amended up to date]

Download or read book Taxmann s Direct Taxes Ready Reckoner Special Edition Illustrative Ready Referencer on Income tax with Focused Analysis Featuring Larger Size Bigger Fonts Multi colour Text written by Dr. Vinod K. Singhania and published by Taxmann Publications Private Limited. This book was released on 2024-08-17 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Taxmann s TDS on Benefits or Perquisites under Section 194R Comprehensive Guide Featuring Detailed Analyses Practical Insights Visual Aids Compliance Strategies etc written by CA Srinivasan Anand G. and published by Taxmann Publications Private Limited. This book was released on 2024-09-19 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an authoritative resource that simplifies the complexities of tax deduction at source (TDS) on benefits or perquisites as mandated under Section 194R of the Income-tax Act. This book provides a clear understanding of the intricate provisions of Section 194R, along with the taxability of such benefits or perquisites under Section 28(iv). Moving beyond a mere statutory overview, it provides practical insights through illustrative case studies, detailed FAQs, and ready reckoners, providing a comprehensive perspective on the compliance landscape. The content is designed to help readers understand the legal and practical challenges associated with TDS on benefits or perquisites, combining in-depth legal analysis with practical compliance strategies. This book is helpful for tax professionals, accountants, corporate finance teams, legal advisors, and businesses engaged in TDS administration. It serves as both a reference guide and a practical manual, providing a detailed roadmap to effectively manage the complexities of taxability under Section 28(iv) and TDS under Section 194R. The Present Publication is the 3rd Edition and has been amended by the Finance (No. 2) Act, 2024. This book is authored by CA Srinivasan Anand G., with the following noteworthy features: • [Comprehensive Analysis of Section 28(iv) and Section 194R] The book begins by analysing the foundational aspects of Section 28(iv) and Section 194R, including the rationale behind its enactment, the key components of the provision, and its significance in the broader tax framework. It provides a detailed analysis of the conditions under which TDS must be deducted when benefits or perquisites are provided in the course of business or profession, helping readers grasp the scope and intent of this tax provision • [Detailed Examination of CBDT Circulars] A significant portion of the book is dedicated to dissecting the Circulars issued by the Central Board of Direct Taxes (CBDT) related to Section 194R. It includes a dedicated reckoner that outlines the clarifications provided, identifies potential issues arising from these Circulars, and discusses the grounds on which these guidelines can be challenged legally. This segment provides the interpretation and application of the Circulars • [Discussion on Controversial and Complex Issues] The book addresses a range of controversial issues, enriched with practical examples and case laws, that often arise in the context of TDS under Section 194R, such as: o Compensation for Non-Performance – Evaluating TDS implications when compensation is paid for products or equipment that do not perform to standards o CSR Expenditure and Donations – Assessing the applicability of TDS on expenditures related to Corporate Social Responsibility (CSR) and donations o Waiver of Interest and Write-Offs – Examining TDS obligations in scenarios involving waiver of interest on delayed payments and the write-off of bad debts • [Simplification of Complex Legal Positions] Recognising the complexities involved, the book employs visual aids such as flowcharts and diagrams to simplify legal positions and procedural requirements under Section 194R. These tools help readers quickly grasp and apply intricate concepts effectively in real-world scenarios • [Extensive Use of Case Studies and FAQs] The book features an array of case studies that illustrate the application of TDS provisions under various scenarios. These case studies are complemented by a comprehensive set of FAQs that address common queries, providing practical solutions and clarifications on key aspects of TDS under Section 194R. This approach ensures readers can relate the statutory provisions to everyday business transactions • [Alphabetical Ready Reckoner] A user-friendly alphabetical reckoner is included, providing a quick reference guide to various benefits and perquisites covered under Section 194R. This section is a practical tool for professionals who need to navigate the complexities of TDS provisions efficiently, enabling them to locate relevant information swiftly • [Valuation Guidelines and Applicability Across Different Forms] The book provides specific guidance on the valuation of various benefits and perquisites, including monetary and non-monetary benefits, capital assets, shares, land, jewellery, and others. This comprehensive coverage ensures readers can apply the appropriate valuation norms in diverse business contexts, enhancing their compliance with TDS requirements • [Focus on Penalties and Prosecutions] An entire chapter discusses the legal ramifications of non-compliance with TDS obligations under Section 194R. It outlines the recent amendments to penalty provisions under Section 271C and prosecution provisions under Section 276B, providing readers with a clear understanding of the potential consequences and the steps required to avoid these penalties The structure and the detailed chapter layout of the book are as follows: • Chapter 1 – Provides an introduction to Section 194R, its salient features, and the rationale for its introduction • Chapter 2 – Explores the concept of the 'provider of benefit or perquisite' and the obligations imposed on such providers • Chapter 3 – Details the conditions that must be met by the recipient for TDS liability to be triggered, including discussions on the nature of the recipient's business or profession • Chapter 4 – Focuses on the characteristics of the benefits or perquisites that necessitate TDS deduction, with supporting case law discussions • Chapter 5 – Covers the procedural obligations for deductors, including how to comply with the requirements of Section 194R • Chapter 6 – Discusses the Removal of Difficulty (ROD) clause and the challenges that can be posed against the guidelines issued under this provision • Chapters 7-34 – Provide exhaustive coverage of the deductibility of TDS under various scenarios, with detailed analyses of CBDT Circulars and related case laws • Chapter 35 – Provides a robust FAQ section that addresses practical issues and provides clarifications on frequently encountered scenarios • Chapter 36 – Discusses avenues for litigation arising from the interpretation and application of Section 194R, highlighting potential disputes and legal strategies • Chapter 37 – Reviews the amendments made to the Income-tax Rules in response to Section 194R, detailing their implications for compliance • Chapter 38 – Examines the penalties and prosecution provisions for non-compliance with TDS obligations, including recent amendments affecting Sections 271C and 276B

Download or read book Taxmann s Direct Taxes Ready Reckoner DTRR AYs 2024 25 2025 26 Illustrative Ready Referencer on Income tax with Focused Analysis Break even Tables for Alternative Tax Regime 48th Edition written by Dr. Vinod K Singhania and published by Taxmann Publications Private Limited. This book was released on 2024-08-09 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Direct Taxes Ready Reckoner has been a trusted companion for tax professionals across India for more than forty years, providing unparalleled clarity and comprehensive coverage of the Income-tax Act. In its 48th Edition, the Present Publication has been updated to incorporate the latest legislative changes by the Finance (No. 2) Bill, 2024, as passed by the Lok Sabha. Applicable for Assessment Years 2024-25 and 2025-26, this edition is authored by Dr Vinod K. Singhania, whose expert analysis has established this book as a cornerstone in direct taxation in India. The key highlights of this edition include: • Focused and Succinct Analysis o This edition continues the tradition of providing a focused analysis of the provisions of the Income-tax Act, eschewing unnecessary paraphrasing and complex legal jargon. The amendments introduced by the Finance (No. 2) Bill, 2024 are seamlessly integrated into the text, with clear highlights and explanations provided in each relevant chapter • Illustrative Coverage of Recent Amendments o A unique feature of this edition is Referencer 2—Amendments at a Glance, which provides a comprehensive and illustrative breakdown of all the recent amendments. This section is designed to help readers quickly grasp the implications of the latest legislative changes, supported by practical examples and scenarios • In-Depth Case Studies on Complex Provisions o Understanding the practical impact of legislative changes can be challenging. This edition includes in-depth case studies on some of the most complex provisions and amendments to aid comprehension. These include: § Analysis of increased tax rates on long-term and short-term capital gains (Sections 111A, 112 & 112A) § Examination of changes in the period of holding for capital asset classification (Section 2(42A)) § Detailed discussion on the withdrawal of indexation benefits and the implications of the grandfathering clause for resident individuals and HUFs (Section 48) § Understanding of special provisions for capital gains computation related to unlisted bonds and debentures (Section 50AA) § Detailed guidance on the computation of deemed dividends on share buybacks (Sections 2(22)(f) & 46A) § Analysis of the revised limits on remuneration and TDS applicability for firms (Sections 40 & 194T) § Analysis of the abolition of the Angel Tax (Section 56(2)(viib)) § A comprehensive overview of block period assessments in search and requisition cases (Chapter XIV-B, Sections 158B to 158BI) § A critical examination of the new provisions for income reassessment (Sections 148 to 153) o Comprehensive Analysis of the Income-tax Act § Beyond the recent amendments, this edition provides an exhaustive analysis of all the provisions of the Income-tax Act. The commentary is enriched with references to relevant rules, case laws, circulars, and notifications, ensuring that readers have a holistic understanding of the law o Alternative Tax Regime § The book includes a detailed discussion of the alternative tax regime, complete with break-even tables that provide a clear comparison between different tax regimes, enabling taxpayers to make informed decisions o Faceless Tax Proceedings § This edition covers the legal framework for faceless tax proceedings, summarizing the relevant provisions to ensure that readers are well-prepared for these modernized tax processes o Enhanced Usability with Tabular Presentations § Key provisions of the Income-tax Act are organized into intuitive tables for easy reference, allowing professionals to access essential information quickly. This includes a referencer on tax audits under Section 44AB, with interconnections to Sections 44AD/44ADA, alternative tax regimes, the Vivad se Vishwas Scheme, taxation of life insurance policies, and capital gains exemptions o Comprehensive Tax Computation Guidelines § Detailed guidelines on the computation of taxes across various income slabs are provided, ensuring that professionals can carry out accurate and compliant tax calculations o Ready Referencer for Tax Information § The book serves as an essential ready reference, offering the latest tax rates, TDS and TCS rates, due dates, and other critical tax-related information in a concise format o Commitment to Accuracy – Zero Error Approach § Upholding the Six Sigma principles, this edition strives for 'zero error,' making it one of the most reliable resources in the field of direct taxation In addition to the focused analysis and case studies, this edition includes a wide range of topics crucial for tax professionals: • [Tax Rates] Detailed rates for the assessment years 2024-25 and 2025-26, along with historical tax rates for the past ten assessment years • [Market Quotations] Current and historical gold and silver rates, dating back to April 1, 1981/April 1, 2001 • [Tax-saving Schemes] An overview of various tax-saving schemes, enabling professionals to provide comprehensive tax planning advice • [Depreciation Rates] Detailed coverage of depreciation rates under both the Income-tax Act and the Companies Act, 2013 • [Deductions and Allowances] A complete guide to deductions and allowances available under the Income-tax Act • [Income Computation and Disclosure Standards] Guidance on ICDS, with practical insights on their application • [Withholding Tax Rates] Current withholding tax rates, along with a discussion of the impact of recent changes • [Faceless Proceedings] An understanding of the faceless proceedings framework, including timelines and procedural analysis • [Penalty and Interest Provisions] A thorough review of penalty and interest provisions under the Income-tax Act, ensuring professionals are well-versed in the consequences of non-compliance

Download or read book Taxmann s Income Tax Rules Covering Amended Updated Annotated Text of the Income tax Rules 25 Allied Rules Schemes ITR Forms Guide to Amendments Landmark Judgements CBDT Circulars written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-07-25 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the amended, updated, and annotated text of the Income-tax Rules, 1962, along with 25+ allied rules, schemes, and return forms for the Assessment Year 2024-25. The recent changes in the Income-tax Rules, 1962 are as follows: • [Insertion/Changes in Rules] are as follows: o Insertion of 9+ New Rules o Changes in 30+ Existing Rules • [Insertion/Changes in Forms] are as follows: o Insertion of 6+ New Forms o Changes in 35+ Existing Forms • [New Rules & Forms] are as follows: o New Rule for Net Winnings from Online Games – Specifies how to compute 'Net Winnings' under Sections 115BBJ & 194BA o Form No. 56F – To be submitted by assessees claiming deductions under Section 10AA o Form 15CD – Introduced for IFSC to provide a quarterly statement of all remittances to non-residents or foreign companies o Form 71 – Allows TDS credit for income disclosed in previously filed ITRs o Rules 13 & 13A – Implement Finance Act 2023 amendments related to search and seizure o Rule 11UACA – Computes taxable income from sums received under life insurance policies o Form 3AF – For assessees claiming deductions under Section 35D o Rule 21AGA and Form 10-IEA – For opting into the Old Tax Regime The Present Publication is the 61st Edition | 2024, and all available amendments notified up to Income Tax (Sixth Amendment) Rules, 2024, have been incorporated. This book is edited/authored by Taxmann's Editorial Board, with the following noteworthy features: • [Comprehensive Guide to Amendments] Detailed coverage of amendments made in the Income-tax Rules in 2023-2024 • [Coverage] of this book includes: o All Rules, Schemes, etc., which are either notified under the Income-tax Act, 1961 or referred to in different provisions of the Income-tax Act, are covered, i.e., § Income-tax Rules § ICDS § Faceless Assessment, Appeal & Penalty Scheme with Directions § STT, CTT & EL, etc. o Income-tax Return Forms for Assessment Year 2024-25 o Landmark Judgements & CBDT Circulars • [Action Points for Forms] Explanation of relevant provisions and the filing process for each form • [Quick Identification for Redundant & e-Forms] • [Bestseller Series] Taxmann's series of Bestseller Books for more than Five Decades • [Zero Error] Follows the Six Sigma Approach to achieve the benchmark of 'Zero Error' The detailed contents of the book are as follows: • Income-tax Rules, 1962 amended up to date with the list & text of provisions of Allied Law referred to in Income-tax Rules • Income Computation and Disclosure Standards • e-Appeals Scheme along with Order under sub-section (6) of section246 of the Income-tax Act, 1961 for specifying the scope of e-Appeals Scheme under the Act • Faceless Assessment Scheme, 2019 with Directions • Faceless Appeal Scheme, 2021 • Faceless Penalty Scheme, 2021 with Directions • Commodities Transaction Tax Rules, 2013 • Securities Transaction Tax Rules, 2004 • Equalisation Levy Rules, 2016 • Prohibition of Benami Property Transaction Rules, 2016 • Centralised Verification Scheme, 2019 • Centralised Processing of Returns Scheme, 2011, with the text of the Application of provisions of the Act relating to the processing of Returns, Time-limit for verification of return of income after uploading and Reduction of time-limit for verification of Income-tax Return (ITR) form within 120 days to 30 days of transmitting the data of ITR electronically • e-Settlement Scheme, 2021 • e-Verification Scheme, 2021 with FAQs on e-Verification Scheme, 2021 and Promoting voluntary compliance through e-Verification Scheme, 2021 • e-Advance Rulings Scheme, 2022 • Faceless Jurisdiction of Income-tax Authorities Scheme, 2022 • e-Assessment of Income Escaping Assessment Scheme • Faceless Inquiry or Valuation Scheme, 2022 • e-Dispute Resolution Scheme, 2022 • Centralised Processing of Equalisation Levy Statement Scheme, 2023 • Return Forms o ITR-1 | SAHAJ – Individual Income Tax Return o ITR-2 | Return of Income – For Individuals and HUFs not having income from profits and gains of business or profession o ITR-2A | [Omitted by the IT (Fourth Amdt.) Rules, 2017, w.e.f. 1-4-2017] o ITR-3 | Return of Income – For Individuals and HUFs having income from profits and gains of business or profession o ITR-4 | SUGAM – Form Individuals, HUFs and Firms (other than LLP) being a resident having total income up to Rs. 50 lakh and having income from business and profession, which is computed under section 44AD, 44ADA or 44AE [Not for an individual who is either a Director in a company or has invested in unlisted equity shares or if income-tax is deferred on ESOP or has agricultural income more than Rs. 5000] o ITR-4 | [Omitted by the IT (Fourth Amdt.) Rules, 2017, w.e.f. 1-4-2017] o ITR-5 | Return of Income - For persons other than — (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7 o ITR-6 | Return of Income – For Companies other than companies claiming exemption under section 11 o ITR-7 | Return of Income – For persons including companies required to furnish returns under sections 139(4A) or, 139(4B) or, 139(4C), or 139(4D) only o ITR-8 | [Omitted by the IT (Twenty-First Amdt.) Rules, 2021, w.e.f. 29-7-2021] o ITR-V | Verification Form & Acknowledgment o ITR-A | Return Form – For successor entities to furnish a return of income under section 170A consequent to business reorganisation o ITR-U | Return Form – For persons to update income within twenty-four months from the end of the relevant assessment year • Other Rules and Schemes o Income-tax (Certificate Proceedings) Rules, 1962 o Bank Term Deposit Scheme, 2006 o Senior Citizens' Savings Scheme, 2019 o National Savings Certificates (VIII Issue) Scheme, 2019 o Income-tax (Appellate Tribunal) Rules, 1963

Download or read book Bromberg and Ribstein on Limited Liability Partnerships and the Revised Uniform Partnership Act written by Alan R. Bromberg and published by Aspen Publishers. This book was released on 2001 with total page 701 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the undisputed authorities on partnership law, here's the ONLY one-volume, fast-access reference to LLPs -- with expert coverage of statutes in 50 states and D.C., plus text and analysis of RUPA with up-to-date LLP amendments and sample state statutes with comparison tables. Now you can use the latest law to structure your partnership to avoid vicarious liability, minimize partner liability for partnership debts, and resolve choice of law problems and other litigation issues. Whether you're planning for your own practice or advising clients on organizing their business, turn to this up-to-the-minute, information-packed guide for comprehensive, insightful analysis of the latest developments in LLP law. You'll get practical, expert advice on such relevant issues as: Strategies for choosing (or changing) business forms -- including tax, liability, insurance, financial, and management issues -- with a decision tree to help you ask the crucial questions -- The scope of liability limitations under different state statutes, including partners' liability for obligations after dissolution and determination of when the liability shield becomes effective -- Choice of law issues in multistate and multinational operations -- including long-arm and diversity jurisdiction with all the latest cases -- Exploration of employment, bankruptcy and securities law issues affecting LLPs.

Download or read book GST Audit Handbook Government Perspective written by CA Madhukar Hiregange and published by Bloomsbury Publishing. This book was released on 2021-05-31 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: About the Book This book supplements and expands the concepts, guidelines, principles, details and working methods in the GST Audit Manual published by the government wherever it was felt that there is a need. This book is divided into 12 chapters as follows: Chapter 1: Overview of GST Law Chapter 2: Objectives, principles and statutory provisions of department audit Chapter 3: Selection of taxpayers for audit Chapter 4: Preliminary work – Before allocation of audit Chapter 5: Preparation for audit with the help of available and collected data and desk review Chapter 6: Audit verification – conduct of audit Chapter 7: Audit report and follow up Chapter 8: How to Read Financial Reports/Statements Chapter 9: Relevant Accounting Standards for the purpose of auditors Chapter 10: Important decisions relevant for audit Chapter 11: Common errors Chapter 12: Modus operandi of frauds and detection of GST frauds KEY FEATURES Includes drafts of letters to tax payers. Contains detailed internal evaluation questionnaire. Samples of walk through, audit plan, tables for trend and ratio analysis. Details of verification work in the office before audit and during audit. Covers latest case laws relating to audit and GST issues. Contains guidance on 'How to read financial reports?' Discussion of relevant Accounting Standards.

Download or read book Taxmann s Law Relating to Pre Packaged Insolvency Resolution Process Comprehensive Topic wise Commentary on Pre Packaged Insolvency Resolution Process PPIRP Updated till Feb 2022 written by Mr V.S. Datey and published by Taxmann Publications Private Limited. This book was released on 2022-02-22 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers a ‘topic-wise’ comprehensive commentary under the Insolvency & Bankruptcy Code 2016 (IBC). It seeks to answer the questions faced by professionals on a routine basis. The Present Publication is the 2nd Edition, authored by V.S. Datey, updated till February 2022. The structure of the book is as follows: • [Chapter 1 & 2 | Background] Chapter 1 discussion starts with the background to the Insolvency Law along with the overall scheme of the IBC & the Insolvency and Bankruptcy Board of India. Chapter 2 discusses the general provisions applicable to the insolvency resolution process • [Chapter 3 | Overview of the Pre-Packaged Insolvency Resolution Process (PPIRP) ] This chapter begins with the background & basic design of PPIRP along with the application of provisions of CIRP to PPIRP & relaxations to MSMEs • [Chapter 4 | Eligibility & Conditions to Apply for PPIRP] This chapter discusses the conditions for making an application for PPIRP along with the meaning of corporate debtor, default, financial creditor, operational debt & operational creditor • [Chapter 5 | Initiation of PPIRP by Corporate Debtor] This chapter starts with a discussion on initial steps to be taken before making a formal application to adjudicating authority and the various steps to be taken to conduct PPIRP. This chapter also discussed the moratorium during the PPIRP period • [Chapter 6 | Procedure for PPIRP after Admission of Application] This chapter begins the discussion on the formal process of PPIRP followed by the conduct of PPIRP by RP, powers of RP, the conduct of the business of corporate debtor during PPIRP, among other topics. This chapter also incorporates discussion on the avoidance of preferential & undervalued transactions • [Chapter 7 | Constitution and Functioning of Committee of Creditors] The discussion starts with the constitution & meeting of CoC along with the provisions & procedures of CoC as applicable to PPIRP. The discussion also incorporates the Related Party in the case of the corporate debtor • [Chapter 8 & 9 | Submission and Approval of Resolution Plan by CoC & AA] These chapters cover the discussion around the requirements, invitation, furnishing, procedure, submission, and approval or rejection of resolution plan • [Chapter 10 | Adjudication, Appeals and Penalties under PPIRP] This chapter discusses the adjudication & appeal provisions relating to corporate persons. This discussion also focuses on the jurisdiction of NCLT, various appeals & appellate authority and appeals to the Supreme Court on questions of law • [Chapter 11 | Offences & Penalties in Relation to PPIRP] This chapter specifically deals with the offences • [Chapter 12 & 13 | General Provisions & Procedural Aspects of NCLT & NCLAT]

Download or read book Secretarial Practice and Company Law written by Arun Kumar and published by Atlantic Publishers & Dist. This book was released on 1998 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Company Law Procedures written by Bloomsbury Publishing and published by Bloomsbury Publishing. This book was released on 2021-11-20 with total page 1184 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Corporate Professional is required to equip himself with regard to corporate compliances on day- to-day basis. There are number of compliances which are required to be complied with depending on the event , whether it is incorporation / conversion / change , etc., not only from Company Law point of view but also from SEBI Regulations point of view (in case of a listed company). To assist the professional in this endeavour, this book is yet another attempt to provide all related procedures at one place along with the resolutions to make it handy and easy to use. The Book has been divided into two parts. Division-I contains Company Law Procedures of more than 115 events. Each procedure has been divided into following heads: - Applicable Section of the Companies Act, 2013 - Applicable Company Rule - Applicable Regulation in case of listed company - SEBI (Listing Obligations and Disclosure Requirements ) Regulations, 2015 - Synopsis (giving background of the section of the Companies Act, 2013) - Procedure (step by step, including various Government approvals and filing of Forms, etc.) - Compliance by a listed company in accordance with SEBI (LODR ) Regulations, 2015 - Draft Board resolutions - Draft General Meeting resolutions (Special/Ordinary resolution) Division-II contains updated Company Rules as issued by the Ministry of Corporate Affairs from time to time and which are referred under various procedures of the Book.