Provisions for continuance of office of Treasurer in certain contingencies If the office held by an officer of the Government who has been appointed to be a Treasurer of Charitable Endowments is abolished or its name is changed, the appropriate Government may appoint the same or another officer of the Government by the name of […]
Limitation of functions and power of Treasurer (1) A Treasurer of Charitable Endowments shall always be a sole trustee, and shall not, as such Treasurer, take or hold any property otherwise than under the provisions of this Act, or, subject to those provisions transfer any property vested in him except in obedience to a decree
Karnataka is India’s 6th largest state by area. It houses an extensive road network spanning 91959.80 km composed of major district roads and national and state highways. Most of its population relies on public transport or private vehicles to make their commute within the state. This southern state also experiences yearly increases in its traffic
GST search by PAN tool is a powerful and user-friendly feature designed to help businesses and individuals verify the GST registration details of their suppliers or customers quickly and easily. What is GSTIN? GSTIN is the GST identification number or GST number. A GSTIN is a 15-digit PAN-based unique identification number allotted to every registered person under
With the Government approving the Production Linked Incentive (PLI) Scheme for white goods (air conditioners and led lights). The tenure for the scheme is from FY 2021-2022 to FY 2027-28. The implementation period is the financial Year 2021-2022 to 2027-2028, and the incentives to begin from 2022-2027 with 1-year gestation period. The Budgetary Outlay for
The full form of AGMARK is Agriculture Marketing. AGMARK is a certification mark to confirm the grading standard of agricultural commodities. It was started in 1937 by the Indian Government also called Agricultural Produce (Grading and Marking) Act and then amended in 1986 to add more goods. In India, there are 222 (up to 2022) agricultural
In India, legal metrology is the New name of Standards of Weights and Measures. The Standard of Weights and Measures Act,1976 was enacted primarily to establish standards of weights and measures, to regulate trade or commerce in weights, measures and other goods that are sold or distributed by weight, measure or number. It is based
The Companies Act, 2013 (‘Act’) introduced the concept of small companies to provide advantages for small businesses operating as private limited companies. Small companies have less annual revenue compared to regular-sized companies. In a developing country like India, small companies play a significant role in generating profits and boosting employment. Thus, they are the backbone of the economy.
Every company is required to file the Audited financial statement and annual return as per The Companies Act, 2013 within 30 days and 60 days respectively from the conclusion of the Annual General Meeting date. Filing of an Audited financial statement is governed under Sections 129 and 137 of The Companies Act, 2013 read with
According to the Income-tax Act, the deduction of expenses is typically based on the accounting method followed by the assessee. However, Section 43B outlines certain expenses that are deductible only on a payment basis, irrespective of the accounting method. The Finance Act of 2023 introduced a new clause (h) to Section 43B, emphasizing timely payments
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