Notice deemed to be valid in certain circumstances (1) A notice which is required to be served upon a person for the purposes of assessment under this Act shall be deemed to have been duly served upon him in accordance with the provisions of this Act, if the person has appeared in any proceeding or […]
Authentication of notices and other documents (1) A notice or any other document required to be issued, served or given for the purposes of this Act by any tax authority shall be authenticated by that authority. (2) Every notice or other document to be issued, served or given for the purposes of this Act by
Service of notice generally (1) The service of any notice, summons, requisition, order or any other communication under this Act (herein referred to in this section as “communication”) may be made by delivering or transmitting a copy thereof, to the person named therein,— (a) by post or by such courier service as may be approved
Agreement with foreign countries or specified territories (1) The Central Government may enter into an agreement with the Government of any other country— (a) for exchange of information for the prevention of evasion or avoidance of tax on undisclosed foreign income chargeable under this Act or under the corresponding law in force in that country,
Removal of doubts For the removal of doubts, it is hereby declared that— (a) save as otherwise expressly provided in the Explanation to sub-section (1) of section 69, nothing contained in this Chapter shall be construed as conferring any benefit, concession or immunity on any person other than the person making the declaration under this Chapter; (b)
Chapter not to apply to certain persons The provisions of this Chapter shall not apply— (a) to any person in respect of whom an order of detention has been made under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (52 of 1974): Provided that— (i) such order of detention, being an order
A share is a unit of ownership in a company and has an exchangeable value that is influenced by market forces. As per Section 43 of the Companies Act, 2013, a company’s share capital is of two types of shares, namely – equity shares and preferential shares. When it comes to raising capital for a company, one
Preference Shares vs Equity Shares Read More »
India is one of the biggest democracies in the world. In order to ensure law and order throughout this vast country, every state has its own judiciary system in place. Under the judicial structure of each state of India, the High Court is regarded as the highest authority. Below the High Court, other courts make
subordinate revenue court Read More »
The Ministry of Corporate Affairs (MCA) endeavors of implementing the launch of a new set of forms on the MCA V3 portal, MCA is set to launch a third set of Company Forms covering nine e-forms on 15 July 2024 at 12:00 AM. In order to facilitate the implementation of these forms on the V3
Recent upgradation of MCA website Read More »
Form 16/ 16A, which your employer furnishes before filing your taxes for the relevant financial year. It is to be noted that Form 26AS and Form 16/16A should have the same amount deducted as Tax Deducted at Source (TDS). However, there might be inconsistencies in the TDS amount deducted for various reasons, including clerical mistakes.
rectification of tds mismatch in form 26as Read More »