DISSOLUTION OF A COMPANY WITHOUT LIQUIDATION OR WINDING UP

Download a Copy of this Document in PDF Section 248 of The Companies Act, 2013 provides for a special procedure to dissolve a company without going through the elaborate procedures of liquidation or winding up through tribunal. A company, other than a Section 8 company (not for profit company) may file an application (eForm STK-2)…More

Procedure in Prosecution Proceedings under Income Tax Act, 1961

Sections 280A, 280B, 280C and 280D have been introduced by The Finance Act, 2012 w.e.f. 1st day of July, 2012. These provisions deal with the procedure in prosecution proceedings under the Income Tax Act, 1961. These provisions, inter alia, deal with the constitution of Special Courts for conducting Prosecution Proceedings under the Income Tax Act,…More

ALTERNATE MINIMUM TAX ON PERSONS OTHER THAN A COMPANY

Chapter XII-BA for levy of Alternative Minimum Tax on persons other than a company have been inserted by the Finance Act, 2011 w.e.f. Assessment Year 2012-13. Charge of Alternative Minimum Tax (Section 115JC(1)) Applicable To : a person other than a company Condition : if Regular Income Tax < (is less than) Alternate Minimum Tax…More