A trust is a relationship in which a person or entity is bound by a fiduciary relationship to exercise that legal rights over the trust property for the benefits of any one or more individuals known as beneficiaries.
Business loan interest is eligible for exemption, however, the principal amount of the loan is not provided with any tax benefit. The interest is usually deducted from gross income.
This article will delve into the intricacies of Form 10BD, its applicability, and the due date for filing it.
There have been a significant number of instances of abrupt resignation of Statutory Auditors from listed entities in recent times. In most of the cases, the st...
A person adopting the presumptive taxation scheme can declare income at a prescribed rate and, in turn, is relieved from the tedious job of maintenance of books of accounts and also from getting the accounts audited.
There is more emphasis on professional ethics by our ICAI to regulate the profession of the chartered accountancy. We all are well aware and masters of the professional ethics during our study while becoming the CA. as well as after becoming CA into the profession. As per our ICAI guidelines, some ethics are mandatory and others are re-commendatory.
GST RATES (PRESS RELEASE DATED 20TH SEP, 19) Hospitality and tourism: 1. To reduce the rate of GST on hotel accommodation service as below: - ...
This article discusses in detail about Tax collected at source (TCS) on E-commerce under GST.
Most of today's problems are yesterday's challenges overlooked.
Chartered accountants have one of the most reputed yet strenuous professions. As a self-employed CA, you know how important it is for you to be 100% devoted to your work if its integrity is to be upheld.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English