Virtual CFO (or vCFO for short) stands for virtual chief financial officer. A virtual CFO is an outsourced service provider offering high skill assistance in financial requirements of an organization, just like a chief financial officer does for large organizations.
Practical Approach - Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
Ministry of commerce implements and monitors the Foreign Trade Policy (FTP) framed for export and import transactions. FTP provides the basic framework of policy and strategy to be followed for promoting exports and trade.
The Hon'ble Finance Minister announced in her press briefing regarding various allotment of funds for MSMEs under various heads and she also elaborated the new definition of MSME.
Maintenance GST Law prescribes detailed procedure for maintenance of books of accounts and records for goods or services or both. Iof Accounts and Records under GST Regime. Document" as defined under the CGST Act, 2017 to include written or printed records of any sort and electronic record as defined in IT Act, 2000.
Assessment (Section 2(11) of The CGST Act, 2017) - Assessment means a determination of tax liability under this act and it includes self- assessment, re-assessment, provisional assessment, summary assessment, and best judgment assessment.
Various issues that came in notice of CBIC have been dealt to a great extent with time. Continuing the same another circular has been issued on 31st March 2020 addressing various issues & discrepancies faced by department, taxpayers, and directions received from courts.
There is a suspension of initiation of insolvency proceedings up to one year depending upon the pandemic situation
The Public Provident Fund is a savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968. The aim of the scheme is to mobilize small savings by offering an investment with reasonable returns combined with income tax benefits backed by the Centra
Central Board of Indirect Taxes and Customs, Ministry of Finance, (Department of Revenue)vide Notification No. 43/2020 - Central Tax dated 16th May, 2020 has issued notification which Seeks to bring into force Section 128 of Finance Act, 2020 in order to bring amendment in Section 140 of CGST Act w.e.f. 01.07.2017.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English