Web3 hours ago · ABSTRACT. In this article, the author aims to examine the adequacy of Companies Act, 2013 against corporate frauds through analysing the definition of fraud as per Section 447 of Companies Act, 2013 and the flaws that are present with the reporting duty of auditors and independent directors. The author also tries to highlight that in spite … WebJun 29, 2024 · The tax shall be deducted under this provision if the value or aggregate of the value of the benefit or perquisite provided or likely to be provided during the financial year exceeds Rs. 20,000. In such a situation, the tax will be deducted on the entire value of benefit or perquisite and not merely the excess of Rs. 20,000.
[FAQs] Section 194R of the Income-tax Act - Taxmann Blog
WebMar 15, 2024 · The special methodology for computation of net profits prescribed under Section 198 is used for two purposes – (i) for determining managerial remuneration under Section 197 and Schedule V; and (ii) for determining the minimum CSR amount to be spent by the company in a financial year, under Section 135(5) of the 2013 Act. Web(iv) Criteria that triggered CSR applicability 4. (a)*(i)WbetherCSR Committee has been constituted Yes to Not Applicable (ii) Number of directors composing CSR Committee ... 1 Profit before tax 2 Net Profit computed u/s 198 3 Total amount adjusted as per nile 2(1)(h) of the CSR Policy Rules 2014 4 Total Net Profit for section 135 (2-3) ... florida lagoon at risk of ecosystem collapse
FAQs with regard to CSR under section 135 of the Companies …
WebCompliance under section 135 of the Act i.e. Corporate Social Responsibility, is applicable from which Financial Year? The compliance of the provisions of CSR under the … WebSep 22, 2024 · The government has asked companies having any amount in their unspent corporate social responsibility accounts to set up a CSR committee. To this effect, the government has amended rules governing corporate social responsibility (CSR), according to an official notification issued by the Ministry of Corporate Affairs. Under the … Web135 are applicable based on the criteria that triggered CSR applicability, Net Worth, Net Profit ... Corporate Social Responsibility to the Registrar in the following manner: FINANCIAL YEAR 2024-21 FINANCIAL YEAR 2024-22 & ONWARDS As a Separate web-based form CSR-2 on or before 31ST March 2024, after filing of Financials in Form AOC-4; great war artillery