While reading the news in the past few days, one common topic grabbed my attention. It was quite normal to read about the career gap announced by a Chief Financial Officer (CFO) of a major corporation. However, interestingly, it didn't stop there.
This article will help you to grasp the new insertions/amendments without going into the depth of each and every section.
Vivad se Vishwas Scheme was announced in Budget 2020. The Scheme aims at speedy and hassle-free recovery of these outstanding Income Tax dues. This scheme has come into the force from 17th March, 2020 and the last date to avail this scheme without interest is 30th June, 2020.
Section 44AE of The Income Tax Act, 1961Special provision for computing profits and gains of business of plying, hiring or leasing goods carriagesThis section a...
This article is intended to make you understand the major impact both in terms of advantages and disadvantages of the adoption of Converged IFRS i.e Indian Accounting standards (Ind AS) on the financial statements and the working of the companies both.
Section 44AB vs 44ADWhen we talk about Presumptive Taxation, then it automatically relates to Tax Audit under Income Tax Act, 1961.At student level, I have seen...
As Section 44AD is applicable on business (click here to read in detail), Section 44ADA applies on professionals.It says that if an eligible assessee (professio...
The hot topic of these days is PNB scam. Everyone is sharing on social platforms that PNB is involved in the fraud of Rs. 11,500 crores approx. but everyone is...
What is it?? Does it really affects our lives??Is there any need to understand it?? The answer is Yes....and the reason will be known to you as
A lot of people already predicted that this article is related to their own lives because they can easily relate themselves with the word in heading above "Struggles"
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English