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Author : Dr. V. K. Singhania
Publisher :
ISBN 13 : 9788171946020
Total Pages : 624 pages
Book Rating : 4.9/5 (46 download)
Download or read book Direct Taxes Ready Reckoner written by Dr. V. K. Singhania and published by . This book was released on 2009-07-01 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dr. Vinod K. Singhania
Publisher : Taxmann Publications Private Limited
ISBN 13 : 9364554434
Total Pages : 15 pages
Book Rating : 4.3/5 (645 download)
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:
Author :
Publisher :
ISBN 13 : 9789390926053
Total Pages : pages
Book Rating : 4.9/5 (26 download)
Download or read book Commercial's Direct Taxes written by and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Internal Revenue Service
Publisher :
ISBN 13 :
Total Pages : 336 pages
Book Rating : 4.:/5 (3 download)
Download or read book Your Federal Income Tax for Individuals written by United States. Internal Revenue Service and published by . This book was released on 1996 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Taxmann
Publisher : Taxmann Publications Private Limited
ISBN 13 : 9364550544
Total Pages : 18 pages
Book Rating : 4.3/5 (645 download)
Download or read book Taxmann's TDS Ready Reckoner – Delivering Detailed Analysis | Practical Illustrations | Quick-reference Alphabetical Reckoner | Comprehensive Compliance Tools for TDS & TCS | Finance (No. 2) Act 2024 written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-09-10 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive guide is designed to simplify the complexities of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) under the Income-tax Act. It provides detailed, chapter-wise insights into every aspect of TDS and TCS, covering provisions, rules, compliance requirements, judicial precedents and recent changes by the Finance (No. 2) Act, 2024. Organised into four divisions—Introduction, Tax Deduction at Source, Tax Collection at Source, and Statement of Financial Transactions—it provides practical guidance through detailed analysis, tabular overviews, illustrations, case laws, and all necessary compliance forms. This book is tailored for tax professionals, accountants, legal practitioners, and business owners. The Present Publication is the 30th 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: • [Detailed Analysis] Each chapter provides an exhaustive analysis of TDS and TCS provisions, including the latest updates, like section 194T, which addresses TDS on remuneration, commission, or interest payable to the partners • [Tabular Format] The book uses a tabular format to present complex information, making it easier to understand and navigate through the various provisions of TDS and TCS • [Alphabetical Reckoner] An alphabetical reckoner for TDS, TCS, and SFT is included, serving as a quick reference tool to locate specific sections, rules, and requirements efficiently • [Comprehensive Coverage of Interconnected Provisions] It consolidates all related provisions of TDS and TCS in a single place, providing a holistic view that simplifies understanding and application • [In-depth Analysis of Rules] A thorough analysis of the rules governing TDS and TCS is provided, highlighting statutory requirements and compliance points in an accessible manner • [Practical Illustrations] To simplify the complex provisions, the book includes practical illustrations that provide clarity on common scenarios and their respective tax treatments • [Guidance on Controversial Issues] The book addresses contentious topics in TDS and TCS, supported by relevant case laws, providing legal clarity and authoritative guidance on complex issues • [Linkage of Circulars and Notifications] Relevant circulars and notifications are linked directly with corresponding provisions, ensuring readers have the most current and applicable information • [Forms and Compliance Tools] It includes all necessary forms required for compliance, providing a one-stop reference for all documentation needs associated with TDS and TCS • [Special Provisions and Exemptions] Detailed chapters cover general exemptions from TDS, special provisions for senior citizens, guidelines on Nil/lower TDS certificates, and procedures for non-deduction based on self-declarations in Form 15G/Form 15H, ensuring comprehensive compliance • [Consequences of Defaults] It outlines the consequences of defaults in TDS obligations, including penalties and interest implications, which are critical for maintaining compliance and avoiding legal repercussions The book is systematically divided into four main divisions, providing a logical and thorough approach to TDS and TCS: • Introduction o This division provides an overarching view of TDS and TCS provisions, establishing the groundwork for more detailed discussions in the subsequent chapters • Tax Deduction at Source o This extensive division discusses every TDS provision across various scenarios, such as TDS from salaries, interest on securities, dividends, winnings from lotteries, payments to contractors, insurance commissions, rent payments, professional fees, income from units, payments to non-residents, and many more. Each chapter is dedicated to specific provisions, allowing for easy navigation and pinpointed access to relevant information • Tax Collection at Source o This division provides a detailed analysis of TCS provisions, outlining the legal requirements, procedural aspects, and compliance guidelines that collectors of tax must follow • Statement of Financial Transactions o The final division focuses on the Statement of Financial Transactions (SFT), with detailed guidance on the rules, filing requirements, and compliance norms associated with SFT
Author : Dr. Manoj Fogla
Publisher : Taxmann Publications Private Limited
ISBN 13 : 9364552911
Total Pages : 57 pages
Book Rating : 4.3/5 (645 download)
Download or read book Taxmann's Trusts & NGOs Ready Reckoner – Comprehensive | Step-by-step Guidance on Taxation | Compliance | Legal Requirements —Featuring Updated Procedures | Filing Instructions | Visual Aids written by Dr. Manoj Fogla and published by Taxmann Publications Private Limited. This book was released on 2024-10-07 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Trusts & NGOs Ready Reckoner provides an in-depth guide to the taxation, compliance, and legal requirements for charitable trusts and NGOs in India. It covers formation, registration, tax exemptions, and compliance under the Income-tax Act. With over 60 chapters, the book offers practical guidance on the provisions, step-by-step filing instructions, flowcharts, and illustrations, ensuring clarity on exemptions, income applications, donations, and business activities. This book serves as a detailed roadmap for professionals, administrators, and legal practitioners, covering every stage from setting up an organisation to compliance under the Income-tax Act. The Present Publication is the 5th Edition, amended by the Finance (No. 2) Act, 2024. This book is authored by Dr Manoj Fogla, CA. Suresh Kumar Kejriwal & CA. Tarun Kumar Madaan, with the following noteworthy features: • [Comprehensive Taxation Coverage] The book provides an exhaustive analysis of the lifecycle of charitable trusts and NGOs, addressing topics such as formation, registration, filing returns, and maintaining accounts. With over 60 chapters, it discusses all facets of NGO taxation, exemptions, compliance requirements, and business activities in detail • [Registration & Approval Procedures Simplified] It provides comprehensive coverage of the registration and approval process under Sections 12AB, 10(23C), and 80G, outlining procedures for provisional and regular registration, conversion of provisional registration, renewal, and cancellation of registration • [Step-by-step Filing Guidance] Detailed instructions for filing various crucial forms are included, such as Forms 10A, 10AB, 10BD, 10B, and 10BB, ensuring proper compliance with statutory requirements • [Flowcharts & Illustrations for Complex Issues] The book includes user-friendly flowcharts and illustrations to simplify the complex tax provisions and compliance issues that charitable organisations face, making understanding intricate processes easier • [Analysis of Landmark Rulings] Practical commentary on judicial rulings is provided to assist in understanding how critical and contentious issues have been interpreted, offering a real-world perspective on the application of legal provisions • [Tabular Overviews of Compliance] For ease of reference, compliance requirements under various sections are laid out in tabular formats. The book also includes comparisons between different forms of charitable registrations and a thorough analysis of the conditions for exemption • [In-depth Analysis Across 60+ Chapters] o Foundational Aspects of NGOs – The book discusses the legal framework of NGOs in India, covering the meaning of charitable purposes as defined under Section 2(15), the advantages of legal formation, and differences between types of registrations such as trusts, societies, and Section 8 companies o Guidance on Amending Trust Deeds – Practical advice on amending trust deeds, including permissible powers of trustees, supplementary deeds, and the role of civil courts, is covered comprehensively o Specific Focus on Religious & Partly Religious Trusts – It discusses the treatment of religious and partly religious trusts, the applicability of Section 2(15), and the eligibility of these trusts for approval under Section 80G o Practical Registration Procedures under Section 12AB – The book provides a detailed overview of the registration scheme under Section 12AB, including registration for trusts without an instrument, shifting from approval-based exemptions under Section 10(23C) to registration-based exemption under Section 12AB, and the implications of rejections or cancellations o Income Application & Computation for Tax Exemptions – The book provides clear guidance on applying income under Sections 11 and 12, calculation of total income, and conditions for exemptions. The book also explains the practical implications of project grants, capital gains, corpus donations, and business activities under Section 2(15) o Compliance & Filing Process for Forms & Returns – Tutorials and step-by-step guides are included for e-filing key forms (Forms 10A, 10AB, 10BD, 10B, and 10BB), furnishing statements of donations, and maintaining the necessary books of account The notable chapters in the book include: • Tax Audit & Accounting Requirements o In-depth discussions are provided on the applicability of tax audits under Section 44AB, requirements under Section 12A, and ramifications for non-maintenance of books of account • CSR Expenditure & Tax Implications o A dedicated chapter discusses the status and tax implications of CSR expenditure, allowing practitioners to understand the intricacies of corporate social responsibility from both a legal and accounting perspective • International Activities of NGOs o This segment explores legal provisions concerning activities conducted outside India, including implications on income application, working with foreign contributions, and impact on registration • Anonymous Donations & Penal Taxation o The book examines the taxation of anonymous donations under Section 115BBC, the implications of non-compliance, and the applicability of penal tax provisions for NGOs, detailing how to handle various circumstances leading to penalisation • Treatment of Donations & Capital Gains o Comprehensive guidance is provided on the taxation treatment of various kinds of donations, including in-kind and corpus donations. Additionally, the book delves into capital gains management, their application, and computation under Section 11(1A) • Comparative Analysis of Exemption Schemes o An extensive comparison between exemption schemes under Sections 11 and 10(23C) is provided, outlining the advantages and drawbacks of each to help trusts make informed decisions • Approval Under Section 80G & Compliance o The book lays out a practical guide for obtaining approval under Section 80G, the conditions for eligibility, the process for applying for approval, and the impact on deduction claims for donors
![Download 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] PDF Online Free](https://books.google.com/books/content/images/frontcover/L2gTEQAAQBAJ?fife=w200-h370)
Author : V.S Datey
Publisher : Taxmann Publications Private Limited
ISBN 13 : 9357787399
Total Pages : 28 pages
Book Rating : 4.3/5 (577 download)
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
Author : CA Ravi Kanth Miriyala & CA Sunitanjani Miriyala
Publisher : Taxmann Publications Private Limited
ISBN 13 : 9391596401
Total Pages : 20 pages
Book Rating : 4.3/5 (915 download)
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
Author : Jeffrey A. Maine
Publisher : West Academic Publishing
ISBN 13 : 9780314268990
Total Pages : 0 pages
Book Rating : 4.2/5 (689 download)
Download or read book Federal Income Tax Logic Maps written by Jeffrey A. Maine and published by West Academic Publishing. This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Softbound - New, softbound print book.
Author : CA Daksha Baxi
Publisher : Taxmann Publications Private Limited
ISBN 13 : 9364558014
Total Pages : 38 pages
Book Rating : 4.3/5 (645 download)
Download or read book Taxmann's International Taxation Ready Reckoner – India's first 'ready reckoner' designed to simplify cross-border tax complexities with practical guidance, case studies, etc. written by CA Daksha Baxi and published by Taxmann Publications Private Limited. This book was released on 2024-09-23 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is India's first 'ready reckoner' specifically focused on the complexities of international taxation and cross-border transactions. It provides comprehensive coverage of essential topics, including the basic provisions of India's taxation scheme, the concept of residence, and the crucial role of Double Taxation Avoidance Agreements (DTAA). The book also discusses the interaction between DTAAs and the Income-tax Act, guiding how to read a DTAA, determine eligibility, and resolve conflicts between a DTAA and domestic tax laws. This handbook is helpful for tax professionals, legal advisors, tax practitioners, tax officers and businesses dealing with cross-border transactions, such as payments to non-residents, transactions involving non-residents, digital transactions, and the withholding tax obligations of residents. The second edition has been updated with the latest amendments from the Finance (No. 2) Act, 2024, and features expanded discussions, additional material, more case studies, and judicial precedents, providing in-depth analysis and practical insights into international taxation. The Present Publication is the 2nd Edition and has been amended by the Finance (No. 2) Act, 2024. This book has been authored by CA Daksha Baxi & Adv. Surajkumar Shetty, with the following noteworthy features: • [Comprehensive Coverage] Covering a broad spectrum of topics, the book details the basic provisions, residential status, the role and application of Double Taxation Avoidance Agreements (DTAA), and their interaction with the Income-tax Act. It provides a step-by-step guide on how to read a DTAA, determine eligibility, and resolve conflicts between DTAA and the Income-tax Act • [In-depth DTAA Analysis] It examines multiple DTAAs to demonstrate how tax implications can vary across treaties or remain consistent, providing clear explanations for these outcomes. This detailed analysis helps readers understand the nuanced application of DTAAs in various cross-border scenarios • [Detailed Chapter Organisation] The chapters are organised to cover different types of income and transactions, such as rental income, business income, dividends, interest, royalties, technical services, capital gains, employment, and more. This structure brings together all relevant provisions of the Income-tax Act, including appropriate cross-references, making navigation straightforward for users • [Taxability Evaluation] The book provides comprehensive guidance on evaluating the taxability of cross-border transactions using the Income-tax Act, DTAA and references to rules, forms, circulars, and landmark judicial precedents. This holistic approach equips readers to assess tax implications accurately and effectively • [Practical Guidance for Advisors] Throughout the book, notes provide valuable insights into how advisors should approach transactions, the investigations required, and the application of the principles of the Income-tax Act and DTAA. This practical advice helps professionals offer sound, informed guidance on cross-border tax matters • [Simplified Explanations] Complex concepts such as Place of Effective Management (PoEM), Permanent Establishment (PE), and business connections are explained in simple language, supplemented with practical examples and judicial precedents. Relevant statutory texts are reproduced verbatim for easy reference, aiding readers in understanding and applying the law • [Special Focus on Investment Structures] The book discusses the taxation of Foreign Portfolio Investors and various investment funds, including Alternative Investment Funds (AIFs), Infrastructure Investment Trusts (InvITs), Real Estate Investment Trusts (REITs), and Securitisation Trusts. It specifically addresses scenarios involving non-resident investors in these structures • [Litigation and Compliance] It provides an overview of provisions related to litigation proceedings under the Income-tax Act, Mutual Agreement Procedures (MAP) under DTAA, the Authority for Advance Rulings (AAR), equalisation levy, transfer pricing provisions, general anti-avoidance rules (GAAR), and special provisions for International Financial Services Centres (IFSC). This comprehensive coverage ensures professionals are well-prepared for compliance and dispute resolution • [Illustrative Case Studies] To enhance practical understanding, the book includes numerous illustrations, practical examples, and comprehensive case studies. These are designed to cover various aspects of cross-border transactions, providing readers with insights into the subtleties and practical challenges involved The structure and layout of the book is as follows: • [25 Well-structured Chapters] dedicated to a specific area of international taxation, including detailed discussions on relevant provisions and practical guidance • [Cross-references] to other chapters where necessary, ensuring clarity and ease of navigation and enhancing the reader's ability to understand complex interrelationships within tax laws • [Appendix] includes formats for relevant forms, updates on withholding tax rates, summaries of abbreviations, and comprehensive lists of withholding tax rates under India's existing DTAAs, serving as a practical toolkit for professionals The contents of the book are as follows: • Tax System for Non-Residents in India – An Overview • Tax Treaties • Setting Up a Business in India • Classification of Income • Determining Eligibility to Claim Benefits of DTAA • Taxation of Rental Income • Taxation of Business Income • Taxation of Dividend Income • Taxation of Interest Income • Taxation of Royalty Income • Taxation of Income from Fees for Technical Services • Taxation of Capital Gains • Taxation of Employment Income • Taxation of Non-Resident Indian • Taxation of Foreign Portfolio Investors • Taxation of AIFs, REITs, InvITs, Securitisation Trust • Transactions Attracting Transfer Pricing Regulations • Business Reorganisations • Discontinuance of Business and Dissolution of Indian Company • Foreign Tax Credit • Making Payments to NRs & Obtaining Lower Withholding Certificate • Assessments, Appeals and Dispute Resolution • General Anti-Avoidance Rules • Miscellaneous • Case Study to Determine Taxability of NR, under the IT Act & DTAA
Author : Dr. V. K. Singhania/dr. Monica Singhania
Publisher :
ISBN 13 : 9788171946426
Total Pages : 520 pages
Book Rating : 4.9/5 (464 download)
Download or read book Corporate Tax Planning & Business Tax Procedures written by Dr. V. K. Singhania/dr. Monica Singhania and published by . This book was released on 2009-09-01 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law Stated In This Book Is As Amended By The Finance (No.2) Act, 2009. Book One Showcases The Law Of Income Tax In A Structured And Concise Manner So As To Provide The Theoretical Background For Understanding The Complex Tax Planning And Business Tax Procedures In Real World Scenarios. Book Two Covers Corporate Tax Planning (Corporate Tax, Setting Up A New Business, Financial Management Decision, Remuneration Planning, Non- Resident And Business Restructuring) Book Three Covers Tax Procedures And Management (Return, Assessment, Appeals, Penalties, Settlement Commission, Search And Seizure, Advance Tax, Tds, E-Tds And Interest). This Part Also Covers Wealth-Tax, Service Tax And Vat. Numerous Multiple Choice Problems Are Included At The End Of Each Chapter So As To Enable Clarity Of Thought And Quick Revision. Each Para (With A Distinct Number) Starts With Analytical Discussion Supported B Well-Thought Out Original Problems. The Book Is Amended Up To September 15, 2009. A Useful And Handy Book, Especially Where The Reader Is * A Student Of Tax Planning And Management * In The Tax Consultancy Profession * An Official In Tax Department * A Taxpayer Who Wants To Learn Different Techniques To Legally Minimize His Current And Future Tax Bills
Author : Daksha Baxi
Publisher : Taxmann Publications Private Limited
ISBN 13 : 9357782400
Total Pages : 44 pages
Book Rating : 4.3/5 (577 download)
Download or read book Taxmann's International Taxation Ready Reckoner – India's first 'ready reckoner' for persons dealing with cross-border transactions with illustrations/examples, practical & comprehensive case studies written by Daksha Baxi and published by Taxmann Publications Private Limited . This book was released on 2023-04-13 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is India's first 'ready reckoner' with a specific focus on international taxation & taxation of cross-border transactions. It covers the entire spectrum of topics, which are as follows: • Basic provisions of the scheme of taxation in India • Residence in India • Role of Double Taxation Avoidance Agreements (DTAA) • Interaction of DTAA with the Income-tax Act • How to read a DTAA? • How to determine eligibility for DTAA? • How to resolve the conflict between a DTAA & Income-tax Act? It is an essential handbook for anyone who is dealing with cross-border transactions, including: • Payments made to non-residents • Transactions with non-residents • Digital transactions • Withholding tax obligation obligations of residents The Present Publication is the 1st Edition and has been amended by the Finance Act 2023. This book has been authored by CA Daksha Baxi & Adv. Surajkumar Shetty with the following noteworthy features: • [Exhaustive Coverage] of the tax implications on cross-border transactions • [Evaluating the Taxability] using the following: o Income-tax Act o Double Taxation Avoidance Agreement o Reference to Rules, Forms, Circulars, etc. o Reference to Case Laws • [Authors' Notes] are given for the following: o How should an advisor approach the transaction? o What investigations should be made to apply the law and principles of the Income-tax Act & Double Taxation Avoidance Agreement? • [Conceptual Analysis in Simplified Language with Examples & Case Laws] for the following 'noted' topics, among others: o Place of Effective Management o Permanent Establishment o Business Connection o Foreign Portfolio Investors o Investment Funds & their Investors § Alternative Investment Funds (AIFs) § Infrastructure Investment Funds (InvITs) § Real Estate Investment Trusts (REITs) § Securitisation Trust • [Covering Provisions relating to Litigation Proceedings] under the following: o Income-tax Act o Mutual Agreement Procedure (MAP) under the Double Taxation Avoidance Agreement o Authority for Advance Ruling (AAR) Process o Equalisation Levy o Transfer Pricing Provisions o General Anti Avoidance Rules (GAAR) o Special Provisions for International Financial Services Centres (IFSC) • [Illustrations/Examples, Practical & Comprehensive Case Studies] are given to provide insights into the finer nuances of cross-border transactions The detailed contents of the book are as follows: • Tax System for Non-Residents in India – An Overview • Tax Treaties • Setting Up a Business in India • Classification of Income • Determining Eligibility to Claim Benefits of DTAA • Taxation of Rental Income • Taxation of Business Income • Taxation of Dividend Income • Taxation of Interest Income • Taxation of Royalty Income • Taxation of Income from Fees for Technical Services • Taxation of Capital Gains • Taxation of Employment Income • Taxation of Non-Resident Indian • Taxation of Foreign Portfolio Investors • Taxation of AIFs, REITs, InvITs, Securitisation Trust • Transactions Attracting Transfer Pricing Regulations • Business Reorganisations • Discontinuance of Business and Dissolution of Indian Company • Foreign Tax Credit • Making Payments to NRs & Obtaining Lower Withholding Certificate • Assessments, Appeals and Dispute Resolution • General Anti-Avoidance Rules • Miscellaneous • Case Study to Determine Taxability of NR, under the IT Act & DTAA
![Download Taxmann's Trusts & NGOs Ready Reckoner – Practical commentary on the tax implications during the life cycle of Charitable Trusts & NGOs with various tutorials & guides [Finance Act 2023 Edition] PDF Online Free](https://books.google.com/books/content/images/frontcover/5uS8EAAAQBAJ?fife=w200-h370)
Author : Dr. Manoj Fogla
Publisher : Taxmann Publications Private Limited
ISBN 13 : 9356227160
Total Pages : 52 pages
Book Rating : 4.3/5 (562 download)
Download or read book Taxmann's Trusts & NGOs Ready Reckoner – Practical commentary on the tax implications during the life cycle of Charitable Trusts & NGOs with various tutorials & guides [Finance Act 2023 Edition] written by Dr. Manoj Fogla and published by Taxmann Publications Private Limited. This book was released on 2023-04-25 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains the tax implications during the life cycle of a charitable trust, starting from incorporation, registration, maintenance of books of account, scheme of taxation, computation of income, filing of the income-tax return, audit report, cancellation of registration, forfeiture of exemption, etc. It contains an extensive discussion of the provisions of the Income-tax Act, tutorials and guides on filing various forms under the Act. This book is an essential resource for anyone interested in the legal landscape surrounding trusts & NGOs, containing a comprehensive collection of landmark rulings on all controversial issues. The Present Publication is the 4th Edition and has been amended by the Finance Act 2023. This book is authored by Dr Manoj Fogla, CA Suresh Kumar Kejriwal & CA Tarun Kumar Madaan, with the following noteworthy features: • [Clear & Accessible Language] is followed throughout this book • [Analysis & Impact of Amendments] by the Finance Act 2023 • [Exhaustive Coverage of the Registration & Approval Process] under the following Sections: o Section 12AB o Section 10(23C) o Section 80G • [Explanation to the Scheme of Taxation & Computation of Income] of NGOs • [Practical Guide] for the following: o Filing Registration Application in Form No. 10A and Form No. 10AB o Filing of Statements of Donations in Form No. 10BD o Filing of Audit Reports in Form 10B and Form 10BB • [Flowcharts & Illustrations] explaining the law relating to the taxation of NGOs • [Landmark Rulings] on all controversial issues • [Tabular Overview of Compliances] has been provided in this book • [Impact Analysis of Supreme Court Rulings] in the case of New Noble Educational Society [2022] 143 taxmann.com 276 (SC) and Ahmedabad Urban Development Authority [2022] 144 taxmann.com 78 (SC) The detailed contents of the book are as follows: • Introduction and Legal Framework of NGOs in India • Meaning of Charitable Purpose • Religious & Partly Religious Trust • Amendment of Trust Deed • Registration Scheme under Section 12AB • Registration of Trust Formed without an Instrument • Practical Guide to Registration under Section 12AB • Conditions for claiming exemption under Sections 11 and 12 • Scope of Income under Section 11 • Application of Income • Scheme of Taxation and Computation of Income • Corpus Donation • Inter-charity Donations • Project Grants whether Income • Implications of Section 2(24)(xviii) on Grant and Corpus Donation • Treatment of Donations in Kind • Treatment of Capital Gains • Treatment of Depreciation • Business Activity under Section 2(15) • Incidental Business under section 11(4A) and Business held as Trust Property under Section 11(4) • Options available for accumulation of Income • Specified Modes of Investments or Deposits under section 11(5) • Set-off & carry forward of past deficit • Source of Application of Income • Anonymous Donations • Penal Taxation of NGOs • Cancellation of Registration • Tax on Accreted Income of NGOs • Taxation when Registration Status is Lost • Approval under Section 80G • Practical Guide to Approval under Section 80G • Practical Guide to Furnish Statement of Donations in Form 10BD • Tax Implication of CSR Expenditure • International Activities of NGOs Outside India • Maintenance of Books of Account • Requirement of Audit under Section 12A • Practical Guide to Upload Audit Report in Form 10BB • Practical Guide to Upload Audit Report in Form 10B • Requirement to Submit ITR under section 12A • Practical Guide to File Form ITR-7 • Forfeiture of various Incomes under Section 13 • Forfeiture – Charitable activity for a particular religious community or caste • Forfeiture – Benefit to Interested Person • Forfeiture – Violation Regarding Investment under Section 13(1)(d) • Forfeiture – Investment in Section 8 Company and Incubatee Companies • Overview and Fundamental Concepts of Exemption Scheme under Section 10(23C) • Government Funded and up to INR 5 crore Annual Receipt Institutions • Exemptions and Conditions for Approval under Section 10(23C) • Approval and Cancellation under section 10(23C) • Practical Guide to Approval under section 10(23C) • Tabular Overview of Compliances under Section 10(23C) • Comparative Analysis under Sections 11 & 10(23C) • Mutual Societies • Exemption to Institutions notified under section 10(46) and 10(46A)
Author :
Publisher :
ISBN 13 : 9789389991178
Total Pages : pages
Book Rating : 4.9/5 (911 download)
Download or read book Kanga & Palkhivala's the Law and Practice of Income Tax written by and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : CA Sudha G. Bhushan
Publisher : Taxmann Publications Private Limited
ISBN 13 : 9357780300
Total Pages : 27 pages
Book Rating : 4.3/5 (577 download)
Download or read book Taxmann's Overseas Investment Ready Reckoner – Simple, exhaustive and practically useful guide on the 'New OI Regime' with compounding orders, case studies & practical examples written by CA Sudha G. Bhushan and published by Taxmann Publications Private Limited. This book was released on 2023-07-27 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a comprehensive book on overseas investment outside India by various entities covering all provisions in every possible detail. Every attempt has been made in the book to keep the complex law simple. Pictorial representation, checklist, examples, case studies, and compounding orders issued by the Reserve Bank of India have also been provided for clear understanding. It is a one-stop solution to all the needs of professionals, global investors, institutional investors, CFOs of multinational companies looking to expand globally, and the AD banks dealing with overseas investment for undertaking the transaction and effective implementation, management and execution of overseas investment in India. The Present Publication is the Latest 2023 Edition and has been amended up to June 2023. This book is authored by renowned CA Sudha G. Bhushan with the following noteworthy features: • [Exhaustive Commentary] on all the Sections, Rules, Regulations, Master Directions, etc., as applicable to overseas investment • [Practical Examples] are used in this book to explain every point • [Entity-wise Bifurcation of Various Provisions under Overseas Investment] All provisions with respect to one type of entity, i.e., Residents, IFSC, Companies etc., are discussed in the respective chapters. This makes the book useful for practitioners who are advising their clients. • [Extensive Discussion on Guidelines and Procedures Required for Transaction] have been discussed in detail The structure of the book is as follows: • The book deals with the Foreign Exchange Management (Overseas Investment) Rules, 2022 and Foreign Exchange Management (Overseas Investment) Regulations, 2022, along with Foreign Exchange Management (Overseas Investment) Directions, 2022 [New Regime/Revised Regulatory Framework/New OI Regime] in entirety • It is divided into seventeen chapters and deals with the subject matter of making investments outside India in great detail o Chapters 1 and 2 touch upon the basic framework of the making overseas investment outside of India o Chapter 3 dissects the new definition that has been introduced in the new framework o Chapter 4 deals with grandfathering provisions with regard to erstwhile investments made in the old regulations o Chapter 5 deals in great length with the manner and process of making investments outside India • Chapter 6 deals with Overseas Direct Investment, Overseas Portfolio Investment and Financial Commitment which are at the helm of understanding investment outside India. All the provisions are discussed with examples to make it transaction oriented • To make the provisions more helpful to practitioners, the book discusses the entity-wise manner of making investments outside of India o Chapter 7 deals with overseas investment by Resident Individual o Chapter 8 deals with overseas investment by Trusts/Societies/AD Banks/Depository/Stock Exchanges o Chapter 12 deals with overseas investment by AIFs and Venture Capital Funds • The New OI Regime promotes and enables overseas investment in the financial services sector, including IFSC o Chapter 9 deals with IFSC in detail o Chapter 10 deals with the role and responsibility of AD Banks with regard to overseas investments • Under the erstwhile regime, several conditions were imposed concerning the transfer and disinvestment of overseas direct investments. The same has been done away with the new regime o Chapter 11 deals with the exit from overseas investment in detail o Chapter 13 deals with loans to foreign entities, which has been significantly rationalised • One of the considerable reliefs provided in the New OI regime is the extension of the facility of Late Submission Fees (LSF) to the reporting non-compliances of overseas investment o LSF has been dealt with in detail in Chapter 14 o Chapter 15 discusses every possible aspect of compounding • The Foreign Exchange Management (Acquisition and Transfer of Immovable Property Outside India) Regulations, 2015 have also been repealed and have been subsumed in the New OI Regime o The provisions with regard to the acquisition and transfer of immovable property outside India under the new regime have been discussed in Chapter 16 • Chapter 17 deals with the reporting requirements for overseas investment. • Chapter 18 presents the intricacies of TCS provisions on remittances under the liberalised remittance scheme in a simplified manner • Chapter 19 presents the reporting requirements for overseas investments The detailed contents of the book are as follows: • Introduction • New Overseas Investment Regime • New Definitions Introduced • Erstwhile Investments • Framework of New Overseas Investment Regime • Overseas Investment • Investment by Resident Individuals • Overseas Investment by Trusts/Societies/AD Banks/Depository/Stock Exchanges, etc. • Investment in IFSC • Role and Responsibility of AD Banks • Exit from Overseas Investment • Overseas Investment by AIFs and Venture Capital Funds • Loan to Foreign Entities • Late Submission Fees (LSF) • Compounding under FEMA • Acquisition of Immovable Property Outside India • Cross Border Transaction with Regard to Virtual Currencies • TCS on Remittances under Liberalised Remittance Scheme • Reporting of Overseas Investments
![Download Taxmann's Insolvency and Bankruptcy Code Ready Reckoner – Topic-wise, cross-referenced commentary on 25+ topics of the IBC, along with relevant Rules, Case Laws, Circulars, Notifications [2024] PDF Online Free](https://books.google.com/books/content/images/frontcover/jbkWEQAAQBAJ?fife=w200-h370)
Author : V.S Datey
Publisher : Taxmann Publications Private Limited
ISBN 13 : 9357789529
Total Pages : 27 pages
Book Rating : 4.3/5 (577 download)
Download or read book Taxmann's Insolvency and Bankruptcy Code Ready Reckoner – Topic-wise, cross-referenced commentary on 25+ topics of the IBC, along with relevant Rules, Case Laws, Circulars, Notifications [2024] written by V.S Datey and published by Taxmann Publications Private Limited. This book was released on 2024-07-26 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive and detailed commentary on Insolvency and Bankruptcy laws in India, organised by topic for ease of reference. It encompasses an in-depth analysis of the following key legislations: • Insolvency and Bankruptcy Code, 2016 (IBC) • Recovery of Debts and Bankruptcy Act, 1993 • Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFESI Act) This book addresses the practical challenges that professionals encounter routinely, offering precise and complete information on all Insolvency and Bankruptcy law provisions. It is crafted to be an indispensable resource for a wide range of professionals and scholars, including: • Legal Professionals and Corporate Lawyers • Chartered Accountants and Financial Experts • Company Secretaries and Cost Management Accountants • Academics and Students in Law and Finance The Present Publication is the July 2024 Edition, authored by V.S. Datey. It is amended upto 10th June 2024 with the following noteworthy features: • [Topic-wise Commentary on 25+ Topics] The book provides a detailed and insightful commentary on more than 25 crucial topics within the Insolvency and Bankruptcy Code. Each topic is thoroughly examined to give a comprehensive understanding • [Cross-referenced Analysis] This book features a cross-referenced analysis that links the IBC with pertinent Rules and Regulations, Judicial Pronouncements, Circulars, and Notifications. This approach ensures that readers have a holistic view and can understand the interconnections and implications of various legal provisions • [Subject Index for Easy Navigation] The book includes a subject index to facilitate seamless navigation and quick reference. This index is designed to help readers easily locate specific topics and provisions, thereby enhancing the usability and accessibility of the content The contents of the book are as follows: • Declining Stage of an Organisation o This chapter discusses the early signs of organisational decline, the overall scheme of the Insolvency and Bankruptcy Code, its overriding effect over other laws, and the applicability of the Limitation Act in insolvency proceedings before NCLT or NCLAT. It also covers relevant provisions of the Companies Act, the role and functions of the Insolvency and Bankruptcy Board of India (IBBI), adjudicating authorities, and Information Utilities (IU). Additionally, it analyses the Insolvency and Bankruptcy Fund, revamped winding-up provisions, transitory provisions for shifting from winding-up to insolvency, and lenders' options under SARFAESI and DRT • Insolvency Professional o This chapter provides an in-depth look at the roles and regulations for insolvency professionals, including the Insolvency Professional Agency (IPA), the qualifications and responsibilities of Insolvency Professionals (IP), the panel of insolvency professionals recommended to NCLT as Interim Resolution Professionals or Liquidators, and Insolvency Professional Entities • Insolvency Resolution of Corporate Persons o The chapter details the procedures and legal requirements for initiating and conducting the Corporate Insolvency Resolution Process (CIRP). It covers initiation by financial creditors, operational creditors, and corporate applicants, special provisions for real estate projects, and initiation against corporate or personal guarantors. It also elaborates on the appointment of Interim Resolution Professionals, subsequent procedures before NCLT, and conditions for withdrawing an application after admission • Conducting Corporate Insolvency Resolution Process o This chapter guides readers through the CIRP stages, including the declaration of moratorium, public announcements, appointment and tenure of interim resolution professionals, submission of proof of claims, and the formation and functions of the Committee of Creditors (CoC). It also discusses the powers and duties of resolution professionals, preparation of information memorandums, and protections for insolvency resolution professionals regarding previous transactions. Special provisions for Non-Banking Financial Companies (NBFCs) with assets of Rs. 500 crore or more are included • Resolution Plan by Resolution Applicant o This chapter outlines the submission, evaluation, approval, and implementation of resolution plans. It covers ineligible resolution applicants, invitations for expression of interest, submission of resolution plans, insolvency resolution process costs, approval by the CoC, and submission of the plan to the Adjudicating Authority. It also discusses the assistance of district administration in implementing the resolution plan, the effects of the resolution plan being rejected by NCLT, appeal mechanisms, immunity from prosecution, and protections against actions related to offences committed before the CIRP • Fast Track Corporate Insolvency Resolution Process o This chapter provides a focused look at the fast-track process designed for quicker resolution of insolvency cases under specific conditions, detailing the application and procedural steps • Pre-Packaged Insolvency Resolution Process (PPIRP) o This chapter introduces the Pre-Packaged Insolvency Resolution Process (PPIRP), including its background, design, application provisions, priority over CIRP, eligibility criteria, and initiation process by corporate debtors. It elaborates on the duties and authorities of the proposed Insolvency Professional, procedural steps before application, filing and admission of applications by the Adjudicating Authority, and the moratorium during the PPIRP period • Procedure for PPIRP After Admission of Application o This chapter covers the formal process of PPIRP post-admission, including the conduct of PPIRP by the Resolution Professional, powers during the initial stages, filing applications for avoidance of transactions, seeking prior approval from the CoC, and information requirements from financial institutions. It discusses the submission and updating of claims, the conduct of business during PPIRP, the constitution and functioning of the CoC, and meetings within the PPIRP framework • Submission and Approval of Resolution Plan under PPIRP o This chapter explains what constitutes a resolution plan, the submission of the base resolution plan by the Resolution Professional to the CoC, the invitation to other applicants if the base plan is not approved, the provision of information to resolution applicants, the evaluation of submitted plans, and the final approval process by the Adjudicating Authority. It also addresses the termination of PPIRP leading to liquidation and conditions for shifting from PPIRP to CIRP • Liquidation of Corporate Persons o This chapter covers the initiation of liquidation, appointment and fees of liquidators, their powers and duties, the liquidation estate, realisation of security interests, distribution of unsold assets, and liabilities of contributors in liquidation • Admission and Proof of Claims by Liquidator o The chapter discusses the powers of liquidators to access information, ascertain claims, avoid preferential and undervalued transactions, and take actions to protect against excessive credit transactions. It also covers the position of secured creditors in liquidation proceedings • Realisation and Distribution of Assets by Liquidator o This chapter details the realisation and mode of asset sales by liquidators, the payment protocols, the distribution of cash to stakeholders, the completion of liquidation within a specified timeframe, the final report by liquidators before dissolution, and the transfer of unclaimed proceeds to the Corporate Liquidation Account • Payment of Dues to Stakeholders After Liquidation or During Formulation of Resolution Plan o This chapter provides guidelines on the priority and distribution of assets, trust-held money, statutory dues, workers' dues, secured creditors' provisions, tax dues priority, and preferential payments. It also covers the distribution of surplus amounts to members and tax liabilities related to asset distribution • Voluntary Liquidation of Companies o The procedures and legal requirements for voluntary liquidation initiated by companies with no default, notification to the Registrar, application to NCLT, and realisation of assets are discussed in this chapter • Adjudication and Appeals for Corporate Persons o This chapter provides insights into the adjudication process, appeal mechanisms, jurisdiction of NCLT and IBBI, expeditious disposal of applications, and penalties for fraudulent or malicious initiation of proceedings. • Cross Border Insolvency and Bankruptcy o The complexities and legal considerations in cross-border insolvency cases, including enabling provisions, agreements with foreign countries, and letters of request for assets outside India, are discussed in this chapter • Offences and Penalties in Relation to Corporate Insolvency o This chapter details the punishments for various offences related to insolvency, including concealment of property, transactions defrauding creditors, misconduct during the insolvency process, falsification of books, false representations, and non-disclosure of disputes or payments • Bankruptcy for Individuals and Partnership Firms o This chapter comprehensively covers the bankruptcy processes applicable to individuals and partnership firms, including roles of adjudicating authorities, jurisdiction of civil courts, and appeal mechanisms • Fresh Start Process o The chapter provides an overview of the fresh start process, offering relief for individuals burdened by insolvency, detailing eligibility criteria, interim moratorium, procedural steps, creditor objections, and discharge orders • Insolvency Resolution of Individual and Firm o This chapter guides readers through the insolvency resolution process for individuals and firms, including initiation of the process, interim moratorium, adjudicating authority decisions, registration of claims, debtor's repayment plan, creditor meetings, and rights of secured creditors • Bankruptcy Order for Individuals and Firms o This chapter provides detailed instructions on obtaining and implementing bankruptcy orders for individuals and partnership firms, including interim moratoriums, bankruptcy orders by adjudicating authorities, financial position statements, claim settlements, estate administration, discharge orders, and bankruptcy process modifications or recalls. • Bankruptcy Trustee o This chapter analyses the role and responsibilities of bankruptcy trustees in managing bankrupt estates, including obtaining creditor approval for certain actions, managing disclaimed properties, and dealing with undervalued or extortionate credit transactions • Settlement of Claims Against Bankrupt o This chapter provides the guidelines for the settlement of claims against bankrupt individuals or firms, including proof of debt, interim and final dividend distributions, and priority of payments • Compromises, Arrangements, and Amalgamations o This chapter discusses legal provisions and procedures for compromises, arrangements, and amalgamations, including applications to NCLT, merger and amalgamation processes, simplified fast-track procedures for small companies, cross-border mergers, and compulsory amalgamations ordered by the Central Government • Registered Valuers o This chapter covers the qualifications, registration, and roles of registered valuers and their liability as experts. • Removal of Name of Companies from Register of Members o This chapter details the procedures for removing company names from the register, including the process for striking off, voluntary removal requests, winding-up orders by NCLT, restrictions on applying for name removal, and the effects of dissolution • NCLT and NCLAT o This chapter provides comprehensive coverage of the roles and functions of the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT), including procedural aspects and appeals to the Supreme Court • Recovery of Debts and Bankruptcy Act, 1993 o This chapter provides an in-depth analysis of the Recovery of Debts and Bankruptcy Act, 1993, focusing on the procedures of the Debt Recovery Tribunal (DRT) and Debt Recovery Appellate Tribunal (DRAT), appeals, and recovery powers • SARFAESI Act o This chapter examines the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act), including enforcement of security interest, procedures for asset sale, management takeover of defaulting borrowers, applications, appeals, penalties, securitisation, roles and functions of Asset Reconstruction Companies (ARCs), and the Central Registry • RBI Directions on Resolution of Stressed Assets o This chapter covers the Reserve Bank of India's (RBI) directions on the resolution of stressed assets, including the prudential framework, implementation timelines, provisioning norms for delayed resolution plans, supervisory review by the RBI, disclosures by lenders in financial statements, and exceptions to the stressed asset resolution directions
![Download 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] PDF Online Free](https://books.google.com/books/content/images/frontcover/e4cVEQAAQBAJ?fife=w200-h370)
Author : Taxmann
Publisher : Taxmann Publications Private Limited
ISBN 13 : 9357786066
Total Pages : 34 pages
Book Rating : 4.3/5 (577 download)
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
