Section 143 of the Companies Act 2013 is key in India’s business world. It sets rules for auditors to follow. This helps keep financial dealings clear and honest. This rule tells auditors what to do. They check financial records and make sure companies act right. They have the power to look closely at company accounts […]
In the world of contract law, the indemnifier is key in managing risks and legal protection. The Indian Contract Act of 1872, Section 124, defines indemnity contracts. It sets the stage for understanding the indemnifier’s legal duties in business deals. We’re diving into the complex world of indemnification. Here, parties aim for full protection against
Understanding the Indian legal system is complex. Order 9 Rule 13 CPC is key for dealing with court orders made without a defendant’s presence. It gives defendants a way to fight back against these orders. The way the Indian legal system handles civil cases is unique. If a defendant doesn’t show up, courts can make
In India, Section 194j of the Income Tax Act is key for handling Tax Deducted at Source (TDS) on professional fees. We aim to make this section clear for businesses and professionals in India. Section 194j is important for making sure tax rules are followed in payments for professional services. Our guide will cover TDS
Section 270A of the Income Tax Act is a big step for tax compliance. It was added in 2017 to make sure everyone reports their income correctly. This helps keep the tax system fair and honest. We will look closely at Section 270A. It shows how important it is to report your income accurately. It
We’re here to help you understand section 80EEA of the income tax act. It’s great for homeowners looking to buy or build affordable houses. This section offers big tax benefits. You can also get deductions from sections 24 and 80C, making it even more valuable. Exploring tax deductions, it’s key to know how section 80EEA
Knowing the rules that affect our money is key, like section 147 of the income tax act. It’s vital to grasp its details and how it impacts us. The Finance Act, 2021, made big changes to how taxes are assessed and reassessed. These changes aim to make taxes fairer and cut down on legal battles.
We will explore Section 194H of the Income Tax Act. It deals with taxes on commission or brokerage payments to residents. Knowing about section 194H is key for following tax laws, especially for TDS on commission. The tax is applied to income from commissions or brokerages. As we dive into section 194h, it’s
Section 54F of the Income Tax Act offers a chance to save on long-term capital gains tax. It applies to individuals and Hindu Undivided Families (HUFs) who sell any capital asset except a residential property. To qualify, you must reinvest the entire net sales consideration in a new residential house in India. This makes it
