Cost Inflation Index means an index, having regard to seventy-five percent of average rise in the Consumer Price Index (urban) for the immediately preceding PY to such PY.
Pursuant to the GST Council recommendations in their 44th meeting held on 12th June 2021, CBIC has issued notifications relaxing the GST rate on goods being used in COVID-19 relief and management.
To lower the burden of compliance for small businesses, a composition scheme has been introduced under GST law where the assessee has to pay tax at a minimum rate based on their turnover.
The recommendations provided in this article are with due consideration of the experience and knowledge the faculty holds for the subject of SCMPE and whose classes are available in Google Drive, Pen Drive and Video Lectures Format.
Section 194Q is similar to Section 206C(1H) which was introduced by Finance Act 2020, requiring seller to collect tax at source on transactions between a buyer and a seller.
The International Financial Reporting Standards were established to bring consistency and reliability to businesses and their financial statements by creating a common accounting language.
CBDT has notified the Income Tax Returns for AY 2021-22 on 31st March 2021. Let us understand the Major Changes in these Returns and the impact of COVID-19 on the overall changes made by CBDT.
MCA passed a notification on 31st May 2016 allowing conversion of LLP into Company under the rules known as 'Companies Authorized to Register Amendment Rules, 2016'.
The Income Tax Department has totally disappointed us after launching the new E-filing 2.0 website. Some issues and observations regarding the New Portal have been highlighted in this article.
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
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