ITC means reducing the taxes paid on inputs from taxes to be paid on output. When any supply of services or goods is supplied to a taxable person, the GST charged is known as Input Tax.
The internal audit is done by checking whether the company has complied with all the applicable laws and thereafter a report is prepared by the Internal Auditor stating the compliances and material deviations if any.
Gulf countries are seen as bread and butter for many, especially for blue-collar employees. As you already know that Oil & Gas is the biggest source of income for Gulf countries however due to sluggish oil prices, their income has gone down drastically hence these countries are finding alternative means to earn income.
LLP or Limited Liability Partnership is nothing but an alternative corporate form that provides benefits of “Limited Liability” to the designated partners at reasonable costs of compliance.
Thin capitalisation refers to the situation in which the portion of the debt is heavier than the equity. They are sometimes referred to as highly leveraged or highly geared companies.
A Partnership Firm is an organization of two or more people having mutual understanding to run business and earn profit.
1. Introduction to Multi-Locational Entities : a) As per the provisions of section 22(1) Every supplier shall be liable to be registered under GST Act in the St..
This facility is for allotment of Instant PAN (on a near-real-time basis) for those applicants who possess a valid Aadhaar number. PAN is issued in PDF format to applicants, which is free of cost.
It is mandatory for all non-resident taxable taxpayers to get themselves registered under the GST Act it is irrespective of their aggregate annual turnover.
The total managerial remuneration payable by a public company, to its directors, including managing director and whole-time director, and its manager in respect of any financial year shall not exceed eleven percent of the net profits of that company for that financial year
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English