New levy Krishi Kalyan Cess aka KKC applicable from 01.06.2016 @ 0.5% on value of all taxable service (thus effective rate of ST increases from 14.5% to 15%).
Service TaxInterest Rates Changed Again!There are two provisions under Finance Act, 1994 dealing with interest on delayed payment as given below: Sl. No Situation Section No. 1 Am
According to the latest World Bank report, India stands at the 142th position in terms of ease of doing business globally. No wonder, there have always been clamour and concern for bureaucratic hurdles which prevent the business to run efficiently an
Any investor would agree that ignorance and lack of awareness in the investment field can prove to be expensive. In the world of finance and investment, risk management is very closely related, rather necessary for measuring performance. Understandin
What is Internal Financial Control (IFC)? (Sec 134) As per Section 134 of the Companies Act 2013, the term �Internal Financial Controls� means the policies and procedures adop
Arjuna(Fictional Character): Krishna, by taking a holy bath in Kumbhmela, a person purifies himself. Now the Income Tax Departmen
Hindu Undivided Family(HUF) - A fresh perspective with important & recent case laws:Background:U/s 4 of the Income Tax Act, 1961 income tax is payable by �every person�. U/s 2(31), Person is defined to include a Hindu Undivided Family
The Union Budget, 2016, has introduced number of measures for reducing litigation and providing certainty in taxation, considering the same as one of the key thrust are
MANU CONVERSATION BETWEEN MANU AND VINU ABOUT INVENTORY TURNOVER RATIO& HOLDING LEVEL VINU Manu Hi Vinu! Vinu Manu! I am desperately waiti
Section 206CTax Collected at Source:�TCS is the Tax Collected at Source by the seller (collector) from the buyer(collectee)�. Every person, being a seller, shall collect tax at source (TCS) from the buyer of goods specified in section 206
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English