In a developing country like India, the role of MSME cannot be ignored if India wants to become a Self-Reliant India. It plays a vital role in employment generation in India
Under Section 196C, any income arising by way of interest, dividend, or long term capital gains from foreign currency bonds or GDRs is liable for TDS @ 10%.
There is a lot of confusion amongst people regarding whether to opt for QRMP or to continue with monthly returns. In this article, we will discuss the pros and cons of the scheme and whether you should opt for it or not.
Under Section 196D of the Income Tax Act, TDS is deducted for a Foreign Institutional Investor if the income is in respect of securities referred to in Section 115AD.
The empowerment of women is a necessity for the development of a society, as it enhances both the quality and the quantity of human resources available for development.
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.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English