With the passage of companies� act 2013 a mandatory responsibility under section 135 was cast on companies to spend 2% of the net profit as calculated under section 198 of the companies act on the activities listed therein and being social in n
Brief History:The Service Tax was introduced in India around 21 years back on July 1, 1994 at the recommendations of Dr. Raja Chelliah Committee on tax reforms. The introduction of this levy in India can be termed as milestone in Indian Tax history.T
Karneeti Part 111 Kabaddi between taxpayer and income tax! Enjoy it! Arjuna (Fictional Character): Krishna, Nowadays interesting matches of Pro-Kabaddi are going on. This is the second year of Pro-Kabaddi Match Series. The game of kabaddi is gaining
Nameste & Hello my dear freinds.This is the first time i am writng anything on a public platform, so pardon me if my content is not interesting enough.There are a lot of students who wish to be a Chartered Accountant and many of them fail, actual
IntroductionLimited Liability Partnership (LLP) is a separate legal entity which has the benefits of �Limited Liability�. It is governed and registered under the Limited Liability Partnership Act, 2008 and the rules made thereunder. Sm
What is XBRL eXtensible Business Reporting Language (XBRL) A more advanced form of XML. (XML reporting is already being used by the Income-tax Department in India.) It is a revolutionary format for financial reporting process for both preparers and
Cenvat Credit of Input Services up to Place of Removal: Whether Circular dated 20.10.2014 and 28.02.2015 ultra vires provisions of Cenvat Credit Rules� 2004? CBEC vide Circular No. 988/12/2014-CX dated 20.10.2014 intimated insertion of definiti
IntroductionService tax concepts have undergone drastic changes from the day of its introduction. It all started with 3 services. Now it is very hard to find a service which is not liable for service
In India, Black money refers to funds earned on the black market, on which income and other taxes have not been paid. But Indian Govt. took a very great step against the black money and a step to assess this income whether the income is located in In
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DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English