CS Executive

tax treatment of perquisites

Taxability of Perquisites under Income Tax

Tax treatment of Perquisites Treatment of Perquisites under Income Tax Act are updated for June 2023 and Dec 2023 Exams. These notes are beneficial for CS Executive New Syllabus of ICSI.   Topics included in this Article IntroductionDifference between Allowances and PerquisitesTax treatment of PerquisitesCategories of employees from perquisites point of viewWho are Specified EmployeesPerquisites specified …

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Deductions under the head Salaries – Section 16

Deductions under Salaries Deductions under the head Salaries are updated for June 2023 and Dec 2023 Exams. These notes are beneficial for CS Executive New Syllabus of ICSI.   Deductions from salaries or statutory deductions under the head salaries (Section 16) Under Section 16 of Income Tax Act, 1961 only 3 deductions are allowed from the …

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Residential Status

How to determine Residential Status – Section 6

Residential Status (Section 6 of Income Tax) Determination of Residential Status in Income Tax Act,  are updated for June 2023 and Dec 2023 Exams. These notes are beneficial for CS Executive New Syllabus of ICSI.   Topics included in this Article Residential Status of an IndividualResidential Status of an HUFResidential Status of a CompanyPlace of Effective …

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CS Executive Notes for June 2023 Dec 2023

CS Executive Notes of Module 1 Notes of Company Law Notes of Tax Laws Notes of Setting up of Business Entities and Closure (SBEC) Notes of Jurisprudence, Interpretation and General Laws (JIGL) CS Executive Notes of Module 2 Notes of Corporate and Management Accounting(CMA) Notes of Securities Laws and Capital Markets(SLCM) Notes of Economic, Business …

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Financial Services Organisation-Chapter-8 Best CS Executive Video Classes

Financial Services Organisation Non-Banking Financial Companies What is a Non-Banking Financial Company (NBFC)? A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2013/1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/ debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, …

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Maintenance of Registers and Records-Chapter-14-Best CS Executive Live Classes

MAINTENANCE OF REGISTERS AND RECORDS Statutory Registers to be maintained under Companies Act, 2013 S.No. Form Name of the Register Relevant Section and Rule 1 MGT-1 Register of Members Section 88 (1) and Rule 3(1) of the Companies (Management and Administration) Rules, 2014 2 MGT-2 Register of Debenture Holders/ Other Securities Holders Section 88 (1) …

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Exemptions/Privileges/Special Provisions to different classes of company

Exemptions/Privileges/Special Provisions Different companies enjoy various privileges and exemptions under Companies Act, 2013. Further, The Central Government has been empowered under section 462 (1), to issue in public interest, by notification, directing that any of the provisions of Companies Act, 2013 shall not apply to such class or classes of companies or shall apply to …

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Forms of Business Organisation-Chapter-6 Best CS Executive SBEC Notes.

Forms of Business Organsation Introduction The most important forms of business organisation are as follows: Sole Proprietorship HUF Business Partnership Company Statutory Bodies and Corporations Co-Operatives Societies and Trusts Limited Liability Partnership Sole Proprietorship Introduction No law to regulate Sole Proprietorship. ‘Sole’ means single and ‘proprietorship’ means ownership. In this form of business, an individual …

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