On May 27, 2020, the CBDT issued a notification which has far-reaching implications for offshore funds. The notification has amended Rule 10V of the Income Tax Rules, which provided that Indian Fund Managers would have to be remunerated on atleast at an arm’s length price
From speeding up transaction processing to gaining actionable insights to make informed decisions, every business owners are aware of several benefits of a retail POS system.
National Pension System is a contributory pension system which was initially (from 1st January 2004) introduced for the government employees and later rolled out for all citizens of India from May 1, 2009. Any citizen of India in the age group 18 to 65 years can join the NPS.
The International Accounting and Auditing Standards Board (IAASB) and The Institute of Chartered Accountants of India (ICAI) have issued guidance ongoing concern assessment amid COVID-19 for companies and considerations for an auditor while evaluating the management's assessment.
Section 15 tells us about the value of taxable supply of good or services, whereas section 15(3) cover the discount part under value of supply.
An individual who has taken a loan for the purchase of an Electrical Vehicle from any Financial Institution is eligible to get the benefit of deduction of interest payable on loan under section 80EEB
Know the various GST Returns to be filed on or before 30/09/2020 and the compliance to be fulfilled before 30/09/2020
As soon as the budget is presented, We see a deluge of analyses and memes coming our way. However, readers of this blog know that we choose to wait for clarifications and finer details so that readers get the right perspective for themselves.
Budget 2020 impact on charitable trust/Institutions
The Institute of Chartered Accountants of India has released a list of Frequently Asked Question for CA May/November 2020 Exams.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English