Category Archives: Corporate Laws

Extension of Due Date of Filing Form DPT-4 upto 31st August 2014: Statement of Deposits

Ministry of Corporate Affairs through general circular No 17 dated 30th June 2014 has extended the date of filing of Form DPT-4 upto 31st August 2014. As per section 74(1)(a) rule 20 of the Companies(Acceptance of Deposits)Rule 2014, companies has to file statement of deposits existing as on date of commencement of the Act with… Read More »

Deduction in respect of contribution given by Indian companies to political parties under Section 80GGB of Income Tax Act, 1961

(adsbygoogle = window.adsbygoogle || []).push({}); Section 80GGB allows deduction to corporate organizations (Indian Companies) for any amount contributed to political parties. They can claim deduction ranging from 50 percent to 100 percent of the amount. There is also restriction on the deduction as per Section 182 of the Companies Act, 2013 (section 293A of the Companies Act, 1956). Section… Read More »

Applicability of Section 182(3) of the Companies Act, 2013 : Disclosure Related to Amount Contributed to Political Party

Section 182(3) of Companies Act 2013 deals with disclosure related to amount contributed by it to any political party during the financial year. Reference: Section 182(3) of Companies Act, 2013 (3) Every company shall disclose in its profit and loss account any amount or amounts contributed by it to any political party during the financial year… Read More »