Latest Blogs from SBS and Company LLP

    It is rightly said by Mr. Zig Ziglar – “Your attitude, not your aptitude, will determine your altitude”.Most of us would have laughed a little after hearing the name of this topic but the meaning and the actual implications of these three words are so vast and so much of a stranger to most of us. 

    The quote above does not only qualify for those who want an exemplarily outstanding career with ample amount of fame and money, but to every living being on this universe. Infact, we follow this (either in the right manner or in the wrong manner) in our everyday life without acknowledging the same.

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    The Companies Act, 2013 (“Act” or “Companies Act”) does not define the word ‘Meeting’. One of the canons of interpretation of statutes, as laid down by courts in India in a number of cases, is that when a word is used but not defined in a statute, it should be interpreted by its ordinary meaning. In general context, meeting is an assembly of people for a particular purpose, especially for formal discussion.

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    Profession tax is a tax on income earned by way of profession, individual salaries/wages, on business owners and excluding the income from agriculture and blind people, are liable to pay the tax to the state government. 

    The maximum amount payable per year is Rs. 2,500/- and in line with tax player’s salary, there are predetermined slabs for the Andhra Pradesh government and the slab rates is differ from state to state and the Andhra Pradesh Slabs rates as below.

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    Key Topics Covered:

    • Excise Duty – FAQs on Applicability of Excise Duty on manufacture of Jewallary
    • Service Tax – Content Supply Services Vs Sale of space for advertisement
    • Forensic Audit – Prevent fraud from occurring – The fraud prevention checklist
    • Direct Tax: FAQs on Equalization Levy
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    Key Topics Covered:

    • Companies Act – Related Party Transactions (Section 188)
    • Companies Act – Provisions, Procedure For Allotment Of Securities By Way Of Private Placement
    • Income Tax – Disallowance Of Expenditure Due To Non-Compliance Of TDS Provisions
    • Service Tax – Place Of Provision Of Service “Service Receiver”
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