A person who is a specified professional cannot opt for Section 44AD of the Income Tax Act, but there is no bar for such persons to opt for Section 44ADA on their professional income.
There were a lot of practical difficulties which were faced by individuals and professionals. However, CBDT has published two notifications that give clarity regarding the meaning of a specified bank and form of declaration.
Beneish Model is a statistical model created by Professor Messod D. It is a model that studies the trend of the organisation through various ratios. This model is based on eight financial ratios.
The Bill proposes to provide that no tax demand shall be raised in future on the basis of the retrospective amendment for any indirect transfer of Indian assets if the transaction was undertaken before 28.05.2012.
Late fees is the first consequence you will face for non-filling of GSTR 3B. The late fees will increase everyday and will be automatically added to next month's GSTR 3B.
Public limited companies are listed on the stock exchange where it's share/stocks are traded publicly. Let us discuss the Annual Compliances applicable to a Public Ltd. Company in all 4 quarters.
The abrupt rise in fuel prices has led to a boom of questions and opinions about the current government, prior government and oil companies. Let us decode why the fuel prices are rising.
LLC has credibility and limited liability that one can generally sough in a corporation, flexibility and pass-through taxation that are the main characteristics of a partnership.
RoDTEP scheme is notified for the remission of duties, taxes and other levies at the Central, State and local level which are borne on the exported goods manufactured in India.
The scheme will be implemented by Customs through a simplified IT system while the rebate will be issued in the form of a transferable duty credit/electronic scrip which will be maintained by CBIC.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English