FACTS OF THE CASE ABC Co-operative Housing Society Ltd (“Society”) is a 50 years old building constructed on a freehold land situated at Dadar, Mumbai consisting of 20 members. Due to the dilapidated condition of the building Society handed-over the development rights...
CA. Rahul RustagiCPA-CIMA-CA-CS Partner On 31st Jan 2022, UAE Ministry has announced inclusion of Corporate Tax from 1st June 2023. Right now the information from FTA is very limited but here we are hereby summarizing few important points about Corporate Tax in UAE...
1. Mandatory use of Accounng Software having Audit Trail* From FY commencing on 01.04.2021, every Company shall use Accounting Software having feature to record audit trail of each transaction, creating the edit log of changes made & ensuring that the audit trail...
Introduction While there are many resources available to define the treatment of donations received by Charitable Trusts and NGOs, there is still ambiguity over the treatment of donations received by a body corporate. Let us assume that a company is engaged in the...
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