GST is new tax and the dealers who followed it from the initial stage have made some technical mistakes which were not noticed by them within time or they were not rectified by the dealers since the facility of revision of such mistakes was not there. These were innocent mistakes and not the fraud and/evasion of tax.
As of late, an outpour of demands requesting the government to extend the due date for CFSS is being seen on social media. Consequently, hashtags such as #Extend_CFSS and #CFSSExtension have been trending on Twitter.
Despite the clear regulations in the Companies Act, 1956 as to how every Company should record its transactions, maintain books of account and should submit the approved Financial Statements with the ROC, financial transactions in some closely hel
Everybody directly or indirectly was HIT, and HIT HARD by the turbulent roller coaster ride the financial market experienced during the last three years. Like others, I too got a bolt on my neck. However when I look back, it looks like a fair deal
Section 80GG of Income tax Act 1961 as amendend by Finance Act 2016The Simple reading of this section gives the following understanding that Assessee, not falli...
All problems start with "Will I be able to do it?". When doubt creeps in, the fear starts to build.Yes, you are good enough. Yes you have it in you, y
India is one of the fastest growing economies in the world today and is on the path to becoming one of the largest in the world in the coming decades. Our Banking sector had undergone trem
Purpose of the article: -The purpose of the article is to give introduction of ICDS and important points for Corporates regarding ICDS 7 which covers impact of Disclosures Standards of Foreign Exchange in the books of Corporates.Income Computation an
Section 194Q of the IT Act, which has been effective since 1st July 2021 has created a lot of confusion among taxpayers and professionals. Let us understand the guidelines for the applicability of the section.
The board of directors have the responsibility for steering the organization in the right direction and guiding the CEO and senior management. However, worldwide they are lambasted for catering to the manifested interest of CEO and senior manageme
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English