Advocate Arjun Gupta has discussed the taxability of penny profits in light of the recent changes to Section 68 of the Income Tax Act and the decisions of various courts. He also argued that the law places an unfair burden on taxpayers and is not workable.
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Clubbing of income, means addition of income of other in the gross total income of a person, while computing his/her taxable income. Generally, it is applicable in family. Income of a spouse, child may be clubbed with income of major earner of the family.
CCI in an exclusive talk with Ameet Guptaa | CFO- Hexagon Private Limited
Before stressing upon the areas that CA's help in Business Transformation projects, one must understand the broader scope of Business Transformation. CA's have the ability to demonstrate the required capacity in doing transformation in finance and accounting, including reporting and related sub aspects like tax where they show their deep domain expertise.
Over the past few months GST and Income Tax departments have been sending notices to the taxpayers to increase the collection of Revenue
As an accounting student, it is not easy. You have to be really good at maths and it all not over here. If you want to make your career in the field of accounting then you have to love your job. The pay packet in the job of accounting is profitable but you have to do a job in just sitting in one desk and doing the necessary calculation.
Troubles of Fake Billing in GST and steps to overcome
FAQs on New Return Dashboard in GST
The importance of Micro, Small, and Medium Enterprises in any nation's economic growth is beyond doubt. For any economy, it is important to move from agriculture to industry and form industry to the service sector for economic growth and this migration is facilitated by the MSME sector.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English