Section 7 of Income-tax Act 1961-2017 – Income deemed to be received

Detail analysis of the provisions of Section 7 (Income deemed to be received) of Income-tax Act 1961 as amended by latest Finance Act 2017.

Section 6 of Income-tax Act 1961-2017 – Residence in India

Detail analysis of the provisions of Section 6 (Residence in India) of Income-tax Act 1961 as amended by latest Finance Act 2017.

Section 5A of Income-tax Act 1961-2017 – Apportionment of income between spouses

Detail analysis of the provisions of Section 5A (Apportionment of income between spouses governed by Portuguese Civil Code) of Income-tax Act 1961 as amended by latest Finance Act 2017.

Section 5 of Income-tax Act 1961-2017 – Scope of total income

Detail analysis of the provisions of Section 5 (Scope of total income) of Income-tax Act 1961 as amended by latest Finance Act 2017.

Section 4 of Income-tax Act 1961-2017 – Charge of income-tax

Detail analysis of the provisions of Section 4 (Charge of income-tax) of Income-tax Act 1961 as amended by latest Finance Act 2017.

Section 3 of Income-tax Act 1961-2017 – Previous year

Detail analysis of the provisions of Section 3 (Previous year) of Income-tax Act 1961 as amended by latest Finance Act 2017.

Section 2 of Income-tax Act 1961-2017 – Definitions

Detail analysis of the provisions of Section 2 (definitions) of Income-tax Act 1961 as amended by latest Finance Act 2017.

Section 87A – INR 5000 Rebate of income-tax for Individuals

Income Tax Rebate

Individual assessee having total income up to ₹5 Lakhs can claim rebate of ₹5000 for assessment year 2017-18 under section 87A of Income Tax Act 1961.

Disclosure of interest by director of a Company

Know the provisions related to Disclosure of interest by director of a company as per section 184 of the Companies Act 2013.

Register of Contracts in which Directors are interested

Know the provisions related to register of contracts or arrangements in which directors are interested as per section 189 of the Companies Act 2013.

Contract or Arrangement with a Related Party

Know the provisions related to related party transactions i.e. contract or arrangement with a related party as per section 188 of the Companies Act 2013.

Loan and Investment by Company

Know the provisions related to Loan and investment by company as per section 186 of the Companies Act 2013.

Loan to Directors of a Company

Know the provisions related to loan to directors, or guarantee or providing security in connection with loan as per section 185 of the Companies Act 2013.

Power of Board to make contributions to National Defence Fund

Know the provisions related to Power of Board and other persons to make contributions to national defence fund, etc. as per section 183 of the Companies Act 2013.

Managerial Remuneration in case of Inadequacy of Profits

Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits as per section 197 of the Companies Act 2013.

Prohibition on Insider Trading of Securities

Know the provisions related to prohibition on insider trading of securities of a company as per section 195 of the Companies Act 2013.

Restriction on non-cash Transactions involving Directors

Know the provisions related to restriction on non-cash transactions involving directors as per section 192 of the Companies Act 2013.

Restrictions on Powers of Board of Directors of a Company

Know the provisions related to Restrictions on powers of Board of Directors (BOD) of a company as per section 180 of the Companies Act 2013.

Prohibitions and restrictions regarding political contributions

Know the provisions related to prohibitions and restrictions regarding political contributions by a Company as per section 182 of the Companies Act 2013.

Prohibition on Forward dealings in Securities by Director

Prohibition on forward dealings in securities of company by director or key managerial personnel as per section 194 of the Companies Act 2013.

Contract by One Person Company

Know the provisions related to Contract by One Person Company (OPC) limited by shares or by guarantee as per section 193 of the Companies Act 2013.

Contribution to bona fide and charitable funds by a Company

Know the provisions related to Contribution to bona fide and charitable funds, etc. by a Company as per section 181 of the Companies Act 2013.

Payment to Director for Loss of Office

Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares as per section 191 of the Companies Act 2013.

Section 465 – Repeal of certain enactments and savings

Repeal of certain enactments and savings. Part IX A of the Companies Act, 1956 shall be applicable mutatis mutandis to a Producer Company.

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