Multi-State Cooperative Societies (MSCS) may soon come under the purview of the money laundering act. Earlier this month, the Union government asked MSCS to furnish details of their turnover as a step towards bringing them under the fold of Prevention of Money Laundering Act (PMLA). The societies have been given time till 31st January … Read More →
Company whether Indian or foreign is liable to taxation, under the Income Tax Act,1961. Corporation tax is a tax which is levied on the incomes of registered companies and corporations. A Company means:- Any Indian company, or Any corporate body, incorporated by or under the laws of a country outside India, or Any institution, association … Read More →