Table of Contents:
·
1. Definition and Types of Companies
o
(2). A Company in which the
Public are substantially interested:
§
(i) A company owned by
Government or Reserve Bank of India.
§
(ii) A company having Govt.
participation
§
(iii) Companies registered under Section 25 of the
Indian Companies Act, 1956:
§
(iv)
A Company declared by the CBDT:
§
(v)
Mutual Benefit Finance Company,
§
(vi) A company having Co-Operative Society Participation:
§
(vii) A Public Limited Company:
o
(5).
Indian Company [Section 2(26)]:
o
(6).
Domestic Company [Section 2(22A)]:
o
(7).
Foreign company [Section 2(23A)]:
o
(2) When is a Company said to be Non-Resident in
India ?
Related Posts…
·
[Section 2(24)]
- ‘Income’ Under Income Tax Act.– Concept & Definition The
word 'Income' covers receipts in the shape of money or money's worth which
arise with certain regularity or expected…
·
Rates for TDS (
Deduction of Tax at Source) in case of a Person other than a Company for
Financial Year 2020-21 (Assessment Year 2021-22) 1.
Rates of TDS Where the Person is Resident in India Rates of TDS 1 on income by
way of…
·
Limitation /
Compliance by Assessee , Assessing Authority, etc. Under Income Tax Act, 1961 1.
Advance Tax Advance Tax All assessees other than covered under
section 44AD or 44ADA Section Nature of Compliance by…
·
Refund of Tax
under Income Tax Act. [Section 237 to 241] 1. Who
should claim Refund of Tax ? Where an assessee has submitted any return of
income and any refund…
·
Taxability -
Income from Other Sources [Sections 56 to 59] 1.
Section wise Table – Income from Other Sources Sections Particulars 56 Income
from Other Sources 56(1) Chargeability 56(2) Specific…
·
[Section 132]-
Search and Seizure – Under Income Tax Act. 1. Authority
who can issue Order for Search and Seizure U/s 132: Search and seizure can be
authorised by— (a)…
·
Advance Payment
of Tax [Section 207-211, 218, & 219] Advance payment of tax
is another method of collection of tax by the Central Government in the form of
pre-paid…
·
[Section 133A] -
‘Survey’ under Income Tax Act. ‘Survey’ contemplates a
comprehensive and extensive view of the business or charitable activities of an
assessee, subject to the limitations…
·
Set Off or Carry
Forward and Set Off Of Losses under Income Tax Act Income-tax
is a composite tax on the total income of a person earned during a period of
one previous year. …
·
[Section 194A]-
Interest other than Interest on Securities Interest other than
Interest on Securities includes payments made in respect of: (i)
Inter-corporate deposits / loans,
(ii) …
·
[Section 153]-
Time Limit for Completion of all Assessments and Re-Assessment In
respect of an order of assessment relating to assessment year commencing on
1.4.2018 — In respect of an order…
·
Investment
Planning for Tax Savings 1. Investment in Sukanya
Samriddhi Yojana (SSY) The Sukanya Samriddhi Yojana interest rate for January
to March 2020 (Q4, FY…
·
Appeals &
Revisions under Income Tax Act. 1. First Appeal
Filed by the Assessee The first appeal against the order of Assessing Officer
shall lie to the…
·
[Rule 12]- Form
and Manner of Furnishing Return of Income As per rule 12(1),
The return of income required to be furnished under section 139(I) or 139(3) or
139(4A) or…
·
Tax on Total
Income of a Company 1. Rates of Income Tax of a
Company other than covered U/s 115BA A company is assessed like any other…
·
GST
Registration, Modification and Cancellation Procedure The
registration in GST is PAN based and State specific. Supplier has to register
in each of such State or…
·
Payment of GST
in GST Regime 1. Types of Payments to be made in
GST Regime For any intra-state supply For any interstate supply Taxes to…
·
Levy of Tax
where the Charitable Institution ceases to exist or converts into a Non-
Charitable Organization [Chapter XIIEB containing… 1.
[Section 115TD]- Tax on Accreted Income of Trust or Institution (i)
[Section 115TD (1)]- Accreted income of Trust…
·
Return of Income
[Section 139 to 140] 1. [Section 139(1)]-
Submission of Return of Income According to section 139(1), the following
persons are required to furnish return…
·
Input Tax Credit
or ITC under GST Under the GST regime. the Centre will give
input tax credit for Central GST/IGST and the States will give input…
You May Also Like…
Revision by the Principal
Commissioner or Commissioner under Income Tax Act.
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management /
[Section 285BA]-Obligation to Furnish Statement of
Financial Transaction or Reportable Account
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
Service of Notice under the Income-tax Act [Sections 282
to 284]
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
[Section 281B]- Provisional attachment of Property to
protect revenue in certain cases
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
Restriction on Cash Transactions [Section 269ST and
271DA]
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
[Section 269T]- Mode of repayment of certain Loans or
Deposits and Specified Advance Received
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
[Section 269SS]- Mode of taking or accepting certain
Loans, Deposits and Specified Sum
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
Appeals to Appellate Tribunal [Section 253(1) and (2)]
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management /
First Appeal Filed by the Assessee
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management /
[Section 273A]- Power to Reduce or Waive Penalty
Direct Taxes Ready Reckoner, Penalties, Tax Management /