income tax return 0

Income Tax Return (ITR)

Income Tax Return (ITR) ITR refers to Income Tax Return which is prescribed form for declaring Income to Income tax department. Every assessee covered under the definition of person under Income tax shall furnish the Income-tax return. There are 7 ITR forms. Based on the type of assessee the due date varies, based on Income and other aspects the ITR form varies. Due dates for Income Tax Return For Individual/ HUF/ Cooperative societies who are not liable to tax audit – 31st July of Assessment ...

Hindu Undivided Family HUF

Hindu Undivided Family (HUF)

Hindu Undivided Family (HUF) Definition: HUF stands for Hindu Undivided Family, governed under Hindu law board and could be formed by a married couple or by members of a joint family. HUF could be formed by two members, at least one among whom should be a male member of the family. Senior-most male member of the family would become ‘Karta’. Although it is governed by the Hindu law board, it can be formed by Jains, Sikhs, and Buddhists as well. Individuals of other religions except the above st ...

indexation

Indexation

Indexation In simple terms indexation refers to technique to adjust income payments by means of a price index, in order to maintain the purchasing power of the public after inflation. To overcome the problem of inflation the concept of indexation was introduced. For tax purposes indexation is the term used for arriving at the current actual cost. The purchasing power of money decreases with an increase in inflation which results in an increase in prices of goods. Indexed cost allows the assess ...

Company Name Availability Search

Company Name Availability Search

As per provisions contained in Section 20 of the Companies Act, 2013, no company is to be registered with undesirable name. A proposed name is considered to be undesirable if it is identical with or too nearly resembling with: Name of a company in existence. The name must not be undesirable in opinion of Central Government neither be offensive as provided under section 4(2) of the Companies Act 2013. The proposed name(s) is/are not in violation of the provisions of Emblems and Names (Prevention ...

producer company

Producer Company

The concept of Producer company got predominance under Companies act after the bill introduced by the Ministry of Corporate Affairs stating the insertion of Part IXA (section 581A to 581ZT) into Companies Act, 1956. Section 465 of Companies Act, 2013 states that it shall stand repealed. The provisions of Part IX-A of the Companies Act, 2013 shall be applicable mutatis mutandis to a Producer Company in a manner as if the Companies Act, 1956 has not been repealed until a special Act is enacted for ...