Meaning of Deferred Tax Liability & Asset Explained in Simple Words: In Simple words, Deferred Tax Liability is a Provision for Future Taxation. This is in stark Contrast to Provision for Taxation. Provision for Taxation is basically a provision
Applicability :Individual and HUFTaxability:Any sum of money,aggregate value of which exceeds Rs.50,000 /- is received during the previous year without consideration,by an Individual or a HUF from any persons on or after 01.04.06 then the whole of th
After adopting the Insolvency and Bankruptcy Code, 2016 (IBC), India overhauled the insolvency and bankruptcy law. The IBC is a landmark statute and a transformation through India's insolvency regime.
Consolidated Financial Statements (CFSs) & Audit Report on CFSs
Will scrapping of DDT, encounter Investors or Indian Economy?
A new tax law would require a single taxpayer to ignore 70 tax exemptions and deductions. These include the following deductions: section 80C for cumulative Rs 1.5 lakh reported by expenditure in specified financial products, section 80D for health insurance premiums charged, the 80TTA excluded from interest on savings deposits from a bank or post office, etc.
The Ministry of Corporate Affairs (MCA) has made certain amendments in Schedule III of the Companies Act, 2013 vide its notification dated 11th October 2018.
RBI Monetary Policy- Simplified
The facility to file GSTR-4(Annual) using offline utility has now been made available on the GST Portal. The due date to file the form for FY 19-20 is the 31st of August 2020.
The head "Income from house property" is one of the significant heads of income while determining the total income of a taxpayer. This head is a notional head of income.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English