Strike Off Company
Reading Time: 5 minutesStriking off the company name is an alternative mode of dissolution of the company. Strike off means withdrawing the company name from the register of companies. It is similar to the closure or winding up of company.
12A Certificate
Reading Time: 3 minutesThe registration under section 12A of the Income Tax Act provides relief to charitable trusts and Not-for-profit organizations from paying tax to the government. Without a 12A certificate,the trust/NGO/societies income are liable to pay tax at normal rates.
Profit In Lieu Of Salary
Reading Time: < 1 minuteProfit in lieu of salary are the payments received or due to the employee by the employer in addition to the wages or salary is known as “Profit in lieu of salary.” In income tax act this amount is treated differently. In this article we try to understand the same
Remuneration To Partners
Reading Time: 3 minutesRemuneration to partners is a very crucial and difficult topic both practically and accounting wise. Income tax sets a different criteria for allowable remuneration to partners, It is very important to know the exact calculation of remuneration to both partners and accountants, and in this we discuss the same.
Lease Agreement
Reading Time: 3 minutesAs a property owner, you should know it all, whether you manage properties and rentals full-time or rent out a single property as a supplemental form of income. Whatever the case, everyone wants to know one thing every time: what is the difference between a lease and a rental agreement? That you will understand the differences between the lease agreement and the rental agreement when you will read the full article
