ESOP expenditure allowed as FMV difference; long-term capital gain issue sent back for collector rate determination; deferred income additions disallo...
Appeal allowed; impugned order quashed as regulator failed to prove nexus or manipulative scheme; sale genuine - s.12A(a)-(c), Regs 3(a)-(d),4(1),4(2)...
Appellant's ring-back tone service held OIDAR, taxable domestically for 01.07.2012-31.07.2016; liability confirmed, penalties vacated, remanded for re...
Notification issued by the Ministry of Corporate Affairs amends the Companies (Specification of definition details) Rules, 2014, with effect from the date of its publication in the Official Gazette. The amendment substitutes clause (t) in rule 2(1) to revise the financial thresholds for a "small company" under section 2(85) of the Companies Act, 2013. Henceforth, for the relevant sub-clauses, a small company's paid-up capital shall not exceed INR 10 crores and its turnover shall not exceed INR 100 crores. The notification is signed by a Joint Secretary.
Notification issued by the Ministry of Corporate Affairs amends the Companies (Specification of definition details) Rules, 2014, with effect from the date of its publication in the Official Gazette. The amendment substitutes clause (t) in rule 2(1) to revise the financial thresholds for a "small company" under section 2(85) of the Companies Act, 2013. Henceforth, for the relevant sub-clauses, a small company's paid-up capital shall not exceed INR 10 crores and its turnover shall not exceed INR 100 crores. The notification is signed by a Joint Secretary.
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