Over the past two years, there were many concerns surrounding the Indian IT sector. The key amongst them have been slowdown in tech spending in big markets like the US and Europe, the appreciating rupee, and the Satyam scandal. Clients slashed IT
This question should have come in the minds of a large number of entrepreneurs more often than not. By interest what I mean is the excess money a borrower has to pay to a lender for a period for having borrowed a certain amount of mo
The Indian Accounting Standards (IND AS) were introduced in India in 2015, to bring greater transparency and consistency to financial reporting. One of the key standards is IND AS 1 - Presentation of Financial Statements.
Powers of the AO to re-open assessment u/s 148 are not un-abundant or luxuriantSection 147 and 148 of Income Tax Act is a well designed weapon for the Income Tax Department empowering it to assess, re-assess or re-compute income, turnover etc. which
Schedule DI is removed from ITR 4. Option of Filing ITR in response to notice u/s 153A and 153C is also removed as a requirement to file ITR under these sections is omitted.
Vote on Account / Budget 2009- Suggestion under Service Tax.This exhaustive notation from our side covers the issues which have been bought to our notice or tho..
On introduction of GST, the credit of taxes under the existing law, predominantly Central Excise, Service Tax and Value Added Tax, was allowed to be carry forwarded vide the transitional provision either as Central Goods and Service Tax (CGST)
The Labour Codes are already notified in the Official Gazette of India and the date of its implementation will be notified in the near future. Discussing further changes in these codes.
In case of a dealer who is engaged in providing service of exchange of foreign exchange, by converting one currency into another currency at the request of the customer and in return charging a commission for the same.
Section 115BAC - New income tax slab rates for Individuals and HUFs inserted by Finance Bill 2020
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