Prerequisites for Claiming Bad Debts In order to claim deduction of bad debts u/s 36(1)(vii) following conditions must be cumulatively satisfied: 1) It must be a DEBT: A debt is a present obligation to pay an ascertainable sum of money, wheth
Clash of Cash Part 2 - Now its turn of tax officers
MCA has recently issued Companies (Incorporation) Eighth Amendment Rules, 2019 on 16th October, 2019 As per Notification mentioned above there is amendment i...
INTRODUCTION & OVERVIEW ON NEW FTP CA Madhukar N. Hiregange IntroductionForeign Trade Policy, 2015-2020 (�FTP�) was unveiled on April 1, 2015 at the Vigyan Bhawan, Delhi, thus laying down a road map for India�s global tr
THE COMPANIES ACT 2013(Chapter X- Sections 139 to 148 & 204) About the Act The long-awaited new Companies Bill 2012 has at last seen the light of the day as The Companies Act 2013 (Act No.18 of 2013) with its publication in the Gazette of India E
Our nation is in the phase of witnessing a drastic change in its current complicated indirect tax regime. Modi led NDA Government has carried on its predecessor�s (UPA Government) dream of making India into a single unified market for the world
Courier agency business gained its boom in the economy when the players in e-tailer market have gained importance.At the very instinct we have to understand what is Courier agency services???As per Sec 65B interpretations �courier agency"
GST law was supposed to Simply the Indirect Tax Practice & Compliance thereof. But the same seems to be nightmare. Annual GSTR 9 format introduced by GST Au...
Income tax slab rates are decided and governed by Income Tax Act 1961 and are subject to change every year. Here are the income tax slab rates for the Financial...
The world of IPCC Hello Friends, Its been nice to meet you again. I was thinking about the second difficult level of ICAI exams i.e. IPCC, and the various problems faced by CA students during the course. It is o
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English