The adoption of the Indian Accounting Standards (IND AS) marks a significant shift in the way companies in India report their financial statements.
The NIL Form GST CMP-08 is to be filed quarterly by Composition Taxpayers. The same can also be filed via SMS. Here are some FAQs on Filing the NIL form CMP-08 via SMS.
'Compound' means 'to settle a matter by a money payment, in lieu of other liability.'
As per the latest amendments in the CGST Rules Aadhaar Authentication has been made mandatory for GST Registration
A startup typically means a company that is in the first stage of its operations. A startup is a young company that is just beginning to develop. Startups are usually small and initially financed and operated by a handful of founders or one individual.
Directors and their Role in a Compan A company, being an artificial person, is managed and
Tax on angel investment in startups
The Govt. of India has enacted the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 on June 16, 2006 which was notified on 2nd October, 2006 to deal with the definition of MSMEs. The Enterprises are defined in terms of Investment in Plant and Machinery/ Equipment by both Manufacturing & Service Sector.
As per Section 35 of the Act, read with Draft Accounts and Records Rules, a registered taxable person needs to maintain the following mandatory books of on a tr..
In the current Indian accounting system, all lands are being shown as fixed assets in the financial statements of any Company and are being depreciated based on..
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English