No Sec. 68 addition on receipt of share application money as acceptance of investor established source of receipts
February 3, 2015[2014] 51 taxmann.com 198 (Madras)
IT: Where all companies making payment of share application money and share premium money, addition as unexplained credit was unwarranted
Applicability of Section 188: Section 188 Related to related Party Transaction applies to Both Public Limited and Private Limited Companies. Related Party with reference to a Company, means – a director or his relative; a Key Managerial Personnel or his relative; a firm, in which a director , manager or his relative is a partner;
PFA
An employee is expected to intimate the company with a formal resignation well in advance and shall serve a period of at least two to three months before quitting the job and shall continue to work in the same role till completion of such period and this period is called as 'notice period'.
PFA
Problem Faced by Business man as well as Professional :- Stock register as well as details of closing stock in quantitive and rate wise is a major hurdle for both of them. In some business i.e. Labour intensive Work, wholesale and Retail of construction goods releted business, readymade garment business and some other business
PFA
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