I am filing for a EIN for my new S-Corp.
My goal is to only pay taxes once a year - but to work within the law.
I will be the only employee of the company but will not receive a salary because I unclear of how much money I will make.
If I do employee anyone, I will pay them with a 1099 form. Therefore I will not be paying SS or any type of tax on their pay.
Form 941 - File taxes 4...
Under Section 115JB of IT Act 1961, in order to Compute Book Profit, the following is to be reduced from Profit/Loss as per Companies Act 2013:
(i) the amount of loss brought forward or unabsorbed depreciation, whichever is less as per books of account.
Explanation.-For the purposes of this clause,- (a) the loss shall not include depreciation;
(b) the provisions of thi...
Infosys & SNCF have decided to form a joint venture for providing specialized IT solutions in the Urban and Regional Transport space. SNCF has a deep understanding of the urban, regional and long distance transport business which it brings to the table. Infosys believes it can bring to the table the best in the industry practices from an IT & ITES perspective. It is with this background that th...
Earlier, under old Companies Act regime, many companies accepted share application money under private placement and utilized the same for the business purpose even without allotment of shares. Only Schedule VI of the Old Companies Act provided the manner to treat the same in the Balance Sheet of the Company.
I read in some blog that Now, Section 42 of the Companies Act, 2013 puts ...