Figyan

CA Bigyan Kumar Mishra

is a fellow member of the Institute of Chartered Accountants of India.He writes about personal finance, income tax, goods and services tax (GST), company law and other topics on finance. Follow him on facebook or instagram or twitter.

Board Resolution for the appointment of the first auditor – Sample format

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CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE FIRST BOARD MEETING OF THE BOARD OF DIRECTORS OF ABC PRIVATE LIMITED HELD ON 10th April 2020, FRIDAY AT 10 A.M. AT THE REGISTERED OFFICE OF THE COMPANY AT PLOT NO:123, STREET NAME, PLACE, DISTRICT, STATE, PIN-000000The Chairman informed that the first Auditor of the Company is to be appointed in the Board Meeting within 30 … [Read more...] about Board Resolution for the appointment of the first auditor – Sample format

TDS Rates-Applicable to a person other than a company

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Applicable for the Assessment year 2020-21Particulars TDS Rates (in %) where the person is resident in India- Section 192: Payment of salary Normal Slab Rate Section 192A: Payment of accumulated balance of provident fund which is taxable in the hands of an employee. 10 Section 193: Interest on securities a) any debentures or … [Read more...] about TDS Rates-Applicable to a person other than a company

TDS Rates – Applicable to a company

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Applicable for the Assessment year 2020-21Particulars TDS Rates (in %) 1. In the case of a company- 1.1 where the company is a domestic company- Section 193: Interest on securities a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act; 10 b) any … [Read more...] about TDS Rates – Applicable to a company

Specimen of General Power Of Attorney

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If you want to know what is power of attorney, then our earlier post might help you to understand the basics. You can also get sample of power of attorney for specific income tax purpose here.Power of AttorneyI, ___________________________________, s/o ___________________________, r/o ___________________________________, and partner of the firm M/s. … [Read more...] about Specimen of General Power Of Attorney

Power of Attorney – Income Tax

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Note: You can use following two power of attorney samples to draft your own. If you have any queries then use out Q&A section to ask us questions.Specimen-1Power of AttorneyI, __[your name here]______________________,Son / Daughter of ___[your father’s name here]___________________, R/o ____[your residential address here]__________________ do hereby authorize … [Read more...] about Power of Attorney – Income Tax