All term insurance plans cover death benefits, but it depends on how the insured dies. There are a few major types of death that are not covered under term plans.
ICAI has issued a revised Code of Ethics 2019 which is applicable from 1st April 2020. The purpose of the Code is to promote an ethical culture in auditing.
If you’re an accounting professional looking to fast-track your career, or you want to prove to employers that you have the leadership skills required to steer your team, CPA (Aust.) is the designation you need, believes Navita Goel CPA (Aust.)
The GST law does not clarify ‘Where’ i.e. in which State/U.T GST Registration is required. This lack of clarity has upreared countless doubts, one of which is clarified in this article i.e. Do Warehouses need to be registered under GST?
Employees are encouraged to travel anywhere in India along with their families and to help the employee the travel expenses are given by the employer which is exempt u/s 10(5).
With effect from July 1, 2021, a person will have to pay TDS/TCS at a higher TDS/TCS rate if he/she has not filed Income Tax Returns for the last two years and has aggregate TDS/TCS credit of Rs. 50,000 or more in each of the two years.
Section 206C(1H)/194Q states that sellers/buyers must collect TCS/TDS for the sale of any goods of the value or aggregate of such value exceeding INR 50 lakhs in any PY from the buyer/seller.
Any buyer who is responsible for paying any sum to any resident seller for the purchase of any goods of the value or aggregate of such value exceeding Rs. 50 lakh in any PY, is required to deduct TDS u/s 194Q w.e.f July 1, 2021.
Time after time, people of even modest means reach financial security and all that it promises i.e. buying a home, educational opportunities for their children, and comfortable retirement. If they can do it, so can you!
As the new Labour Codes are expected to become effective in less than two months from now, some of the areas which will impact employers and employees have been listed in this article.
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