October 2021

tax treatment of allowance

Tax Treatment of Allowance – Income Tax

Tax treatment of Allowances Tax treatment of Allowances are updated for June 2023 and Dec 2023 Exams. These notes are beneficial for CS Executive New Syllabus of ICSI.   What are allowances? Allowances are benefits payable in cash by employer to employee for some specific purpose (personal or official) without the concern whether the employee is …

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Taxability of Income under Salaries – Section 15

Taxability of Income under the head “Salaries” (Section 15 ) These notes on Salary taxable under the head Income Tax (Section 15)  are updated for June 2023 and Dec 2023.  These notes are beneficial for CS Executive New Syllabus of ICSI.   Topics included in this Article Meaning of Salary Salary taxable under the head “Salaries”?(Section …

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Chapter-12 Corporate Reorganization CS Executive Company Law

Corporate Reorganization Power to Compromise or Make Arrangements with Creditors and Members (Section 230) Power of Tribunal to call and conduct meeting (Subsection 1) Where a compromise or arrangement is proposed— between a company and its creditors or any class of them; or between a company and its members or any class of them, the …

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Notes of Inter-Corporate Loans Chapter 10 CS Executive Company Law

Inter-Corporate loans Loans and Investments by Companies [Section 186] Restriction on investment through investment companies [Subsection 1] A company shall not make investment through more than 2 layers of investment companies. Exceptions The provisions of this sub-section shall not affect,— a company from acquiring any other company incorporated in a country outside India if such …

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CS Executive Company Law Study Material of Chapter-8 (Accounts and Audit)

CS Executive Company Law Study Material of Chapter-8 (Accounts and Audit)

Chapter 8 – ACCOUNTS According to Section 2(13), “Books of Account” includes records maintained in respect of— all sums of money received and expended by a company and matters in relation to which the receipts and expenditure take place; all sales and purchases of goods and services by the company; the assets and liabilities of …

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Notes of Transparency and Disclosures Company Law CS Executive Chapter 9

Transparency and Disclosures CS Executive Module 1 Notes Under Companies Act, 2013, following shall be disclosed in the Board’s Report Disclosures under Section 134(3) Issue of Equity Shares with differential rights [Rule 4(4) of the Companies (Share Capital and Debentures) Rules, 2014] [Already discussed in the Chapter ‘Capital Structure’] Issue of Sweat Equity Shares [Rule …

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