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The International Accounting and Auditing Standards Board (IAASB) and The Institute of Chartered Accountants of India (ICAI) have issued guidance ongoing concern assessment amid COVID-19 for companies and considerations for an auditor while evaluating the management's assessment.
RCM is applicable to legal services provided to Business Entity. In case services are provided outside India, then RCM is not applicable as the Business Entity is located outside the taxable territory.
India is one of the largest consumers of gold. The price of gold keeps fluctuating from time to time and it is dependent on multiple factors along with the demand and supply.
Concessional Income Tax Slab Rates for FY 2020-21 was notified by the FM in her Budget Speech. The new concessional tax rates can be availed without claiming certain deductions and exemptions.
HRA(House Rent Allowance) can be claimed as a tax deduction as per Section 10(13A) of the Income Tax Act 1961. The HRA can be claimed as a deduction after meeting the eligibility criteria.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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