Rent Agreement Of Vacant Land
Reading Time: 5 minutes There are some of the legal requirements for a vacant land rent agreement to follow when renting a property or taking one on rent. It requires that all the leave and license agreements must necessarily be stamped and registered. While this is still the general guideline, the pricing and laws differ depending on the state in which you want to lease a property.
HUF – All You Need To Know
Reading Time: 4 minutes HUF means Hindi Undivided Family, which is governed under the Hindu Law Board. It includes Sikh, Jain, or Buddhist families also. A HUF consists of all persons lineally descended from a common ancestor, Karta, and also the wives and daughters of the male descendants.
AS-9 Revenue Recognition
Reading Time: 3 minutes Accounting standard 9 provides the basis on which an entity shall recognize the revenue in the statement of profit and loss. It covers the revenue arising from ordinary business activities.
As per AS 9, “revenue is the gross inflow of the considerations that arises in the course of ordinary activities of an enterprise.
Strike Off Company
Reading Time: 5 minutes Striking 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 minutes The 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.
