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What is Tax || Difference between Direct Tax and Indirect Tax

Taxes Taxes are the compulsory payments done by the public to the government. The government uses the money received for public welfare. Taxes can be levied only by the appropriate government. There are mainly 2 types of …

What is "books and papers", "books of accounts" and "financial statements"

What are books and papers? according to section 2(12) of Companies Act 2013,  "books and papers" and "books or papers"  includes books of accounts, deeds, vouchers, writings, documents, minutes and reg…

What is debenture?,  Different kinds of debentures.

What is a debenture? A debenture is a document given by a company under its phone seal as a proof or evidence of a debt by the holder normally arising out of a loan and most commonly secured by a charge. In other words, …

Types of company | What is a Private Company | What is a Public Company | What is a One Person Company | What is a Small company

In India, company is one of the most famous forms of business. If someone wants to make a company he must know the different types of company. So, let's discuss these forms in great detail. 1. Private Company A p…

Incorporation of Company (How to start a Company?)

Incorporation of a company Step -1: Apply for Name Approval: Login to MCA website (You can create a new account or use your existing account.). After Login click on "RUN" icon on MCA service. An onli…

Vodafone International Holding v. Union of India Case Summary

Why this case study is important? this case is important because this includes controversy  between - the Indian Tax Authorities; and -Vodafone The quantum of tax demand by the Indian Revenue Authorities in th…