In the wake of COVID-19, the Finance Minister made various relaxations in Income Tax for the taxpayers. Various extensions were given for statutory compliance.
The definition of MSMEs has now been revised by the government of India due to the outbreak of the COVID-19 pandemic. The investment and turnover limit has been enhanced.
Investing in the shares of foreign companies have different guidelines and norms. Here is the beginner's guide on how to invest in the shares of foreign companies.
MSME (Micro,Small and Medium Enterprises ) sector accounts for 45% of industrial production and 30.5% of service sector.The MSME technology sector provided for at least 10 components that were used in Mangalyaan (Mars Mission).
Things a CA Student must know to secure his careeSecuring career as a CA student requires an understanding of competition, scope, and networking. Always stay in touch with tax amendments, newer rules n' regulations, and financial affairs to have a bright career.
Transaction of import of goods is not covered by section 7 of CGST act, 2017 which is scope of supply hence Import of Goods transaction is not a supply transaction hence not chargeable to GST under GST act.
Section 68 of the Companies Act 2013 contains provisions with respect to Buy Back of Shares.Every Buy-Back shall be completed within 12 months from the date of passing the Special Resolution, and between two Buy Backs, there must be a difference of at least 12 months.
Know GST Implications, rates, Input Tax Credit on the supply of a car for demonstration.
Know various Compliance requirements under Statutory Laws for the month of June
Answering when it is okay to consider quitting CA as a career. Lack of passion, big difference in marks are valid aspects. Stages of CA exams ie. CPT, IPCC, and Final are also important. Moreover, always have a backup option as career.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English