There are certain cases in which the assessee fails to opt for the provisions of presumptive taxation because they are not eligible, due to an increase in turnover or receipt of any commission.
The ICAI Cloud Campus is a one-stop-shop for students pursuing, or is interested to pursue the Chartered Accountancy Profession.
A qualified CA is required to make an application for the CA Membership to the Institute of Chartered Accountants of India after clearing both groups of CA final exams and completion of articleship and GMCS training.
GSTR-9 is an annual return, to be filled by registered dealers, which contains a consolidated summary of all monthly returns, i.e. GSTR-1, 2A, and 3B under CGST, SGST and IGST during the entire year, along with turnover and audit details for the same.
People like Bill Gates, Al Gore, and Richard Branson believe that this is where the future rests, while scholars like Warren Buffet, Paul Krugman, and Richard Schiller see it as a Ponzi scheme.
A listed company, that proposes to issue shares on a preferential basis, may do so, by offering shares to select individuals at a price that is higher than the floor price.
It has been seen that most of the startups, MSMEs, and entrepreneurs are either unaware of available schemes or reluctant to avail its benefits due to a cumbersome application/approval process.
With the development of Alternative Disputes Resolution, certain dispute resolution techniques have evolved that result in a much simpler, faster and peaceful solution, than the court remedy.
Rebate under section 87A of the Income Tax Act is a provision that helps taxpayers to reduce their tax liability. This section is available to people whose income do not exceed Rs. 5 Lakhs.
An investor can claim deduction up to Rs. 1,50,000/- u/s 80C for investments made in SIP. However, deduction is available only if the SIP is of an Equity Linked Savings Scheme Mutual Fund.
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