Secretarial audit is an audit applicable to certain specified companies to check compliance of various legislation including the Companies Act and other corporate and economic laws applicable to the company. In our last article, we have discussed when and why secretarial audit is required for companies. In this article we will look into those laws and regulations that a … [Read more...] about Laws and regulations a company secretary required to examine and report in secretarial audit
When and why Secretarial Audit is mandatory for Companies
Secretarial audit is an audit to check compliance of various legislation including the Companies Act and other corporate and economic laws applicable to the company. In this article we will discuss when companies in India are required to do secretarial audit and who can conduct such audit. As per section 204 (1) of Companies Act 2013 read with rule 9 of the Companies … [Read more...] about When and why Secretarial Audit is mandatory for Companies
Things to be included In Company’s Auditors report as per CARO 2015
In our last article we have discussed companies to which CARO 2015 is applicable and financial year from which it’s applicable. In this article we will be discussing those matters which the company auditor has to include in their report if CARO 2015 is applicable. As specified in of Companies Auditor’s Report Order -CARO 2015, the auditor’s report on the account of a … [Read more...] about Things to be included In Company’s Auditors report as per CARO 2015
CARO 2015 – Applicability of Companies Auditor’s Report Order 2015 on companies
Ministry of Corporate Affairs has published companies Auditor’s Report Order or CARO 2015 on 10th April 2015 which will come into force on the date of its publication in official Gazette. As per Companies Auditor’s Report Order (CARO) 2015, this order will be applicable to companies as stated below for the financial year commencing on or after 1st April 2014. This means, … [Read more...] about CARO 2015 – Applicability of Companies Auditor’s Report Order 2015 on companies
Wealth tax in India abolished, 2% extra surcharge for super rich persons
In order to widen the tax net and help government to raise tax collection significantly, India’s finance minister Arun Jaitley while presenting budget 2015 in parliament has announced to abolish the wealth tax and levied additional surcharge at the rate of 2% on super rich persons with taxable income of Rs 1 crore or above in a financial year. Due to this the earlier … [Read more...] about Wealth tax in India abolished, 2% extra surcharge for super rich persons
Tax rates applicable To Company for financial year 2015-2016 – AY 2016-2017
In our last article we have talked about tax rates applicable to an individual, HUF, AOP, BOI, Partnership firm, Cooperative society and local authority for the financial year starting from 1st April 2015. Today, in this article we will talk about the tax rates that is applicable to company for financial year 2015-2016. For this purpose company includes private limited and … [Read more...] about Tax rates applicable To Company for financial year 2015-2016 – AY 2016-2017
Tax rates applicable to partnership firm, Co-operative Society and Local Authority for financial year 2015-2016
In our last article we have discussed above tax rates that is applicable to an individual for the financial year 2015-2016 (assessment year 2016-2017). In this article we will be looking into the tax rates that are applicable to a partnership firm, Co-operative society and local authority for the financial year 2015-2016 (assessment year 2016-2017). These rates will be … [Read more...] about Tax rates applicable to partnership firm, Co-operative Society and Local Authority for financial year 2015-2016
Tax rates applicable to individual for financial year 2015-2016 – Assessment year 2016-2017
Budget 2015 has been placed in parliament by finance minister Arun Jaitley on 28th February 2015. This budget has not changed anything related to tax rates applicable to an individual for financial year 2015-2016 in comparison to financial year 2014-2015 except additional surcharge for those individual whose income exceeds Rs 1 crore in a financial year. Here is a … [Read more...] about Tax rates applicable to individual for financial year 2015-2016 – Assessment year 2016-2017
Where to invest for girl child – Sukanya Samriddhi Account or PPF
Prime minister of India, Narendra Modi, has recently launched Sukanya Samriddhi account scheme for a girl child. If you read our article on various provisions of public provident fund or PPF scheme then you will find lots of similar features are also available in Sukanya Samriddhi Account scheme introduced specifically for a girl child. In this article we will be discussing … [Read more...] about Where to invest for girl child – Sukanya Samriddhi Account or PPF
How to raise money for a start-up business
For a new start-up business, money is required to get a space on rent, to pay employees, for R&D, to purchase furniture and fixtures and for other business expenses. You have several options to fund your business. You may try to fund the business either from your personal savings or by a bank loan or by using the funds generated from business. If you do not have … [Read more...] about How to raise money for a start-up business