Simplified Laws Guide to Taxation and Legal Concern

  While writing about Kingfisher Airlines TDS default, my co-panelist CA Prasad mentioned about Speical Leave Petition (SLP) filed by the company at Supreme Court. In this connect, I chose to write about SLP. Article 136 of the Constitution of India gives power to the Supreme Court of India to grant …

(Continued from yesterday’s article) KFA failed to deposit 50% of TDS dues as directed by High Court. So, the department initiated Criminal Proceedings against KFA and its CEO. Stage Two – Criminal Proceedings Summary of Facts – The department initiated criminal proceedings against the company and its CEO and the …

One of the oldest (and time tested) form of business entity is Partnership firms. If two or more people agree to carry on a business they can look at setting up firm rather than private limited company. The maximum number of partners can’t exceed 20 people. It is easy to …