Section 194IA is inserted by Finance act 2013 and it is applicable from 01st of June, 2013.
RBI has recently issued the 'Directions - Acquisition and Holding of Shares or Voting Rights in Banking Companies' in order to ensure that the ultimate ownership and control of banking companies are well diversified and the major shareholders of banking companies are 'fit and proper' on a continual basis.
A Chartered Accountant (CA), a Company Secretary (CS), and a Cost and Management Accountant (CMA) are all highly qualified and respected professionals in the field of finance and accounting. They each have their own unique roles and responsibilities, but all play an important and irreplaceable role in the business world.
Recently, we are coming into the knowledge that audit u/s 66 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as "CGST Act”) is being carried out and in almost all the audits, one of the paras.
Under GST law, input tax credit [ITC] can be availed by the registered person on the inward supplies of goods/services used/intend to be used in course of business of making taxable supplies/zero rated supplies.
A project report for a bank loan is a document that outlines the details of a proposed project, including the project's goals, financial projections, and the collateral being offered to secure the loan.
The exchanges, to start with, are permitted to launch futures contracts on corporate bond indices, Market regulatory, the Securities and Exchange Board of India (SEBI) said in a statement.
From children to elderly, everyone was seen having fun flying their Kites. Krishna, how high do you think the Taxpayers' Kite will fly this year?
For business, year-end plays a crucial role. If you plan your business for the coming year at the year's end and complete all the necessary documentation work, upgradation, and changes that will be in demand in the future, you will find that you have started your business year with good management.
In this article, we will discuss the various tax benefits available under Section 56 of the Income Tax Act for startups in India.
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