Current Internal Audit across mid-sized and smaller organisation involves a dry review of Purchase, Sales, Operations, Finance and Payroll functions with results or outcome more likely to reveal inefficiencies in the process, authorisation and non adherence to documented policies.
Under composition levy scheme, a registered taxable person is eligible to pay, in lieu of tax payable by him, an amount calculated at such rate as may be prescribed, but not less than 2.5% in case of a manufacturer and 1% in any other case of the turnover in a state during the year i.e. the min. rate of tax payable by a manufacturer is 2.5% and 1% in any other case under composition levy.
The Government has initiated the process of transferring the Assessees into the much awaited indirect tax reform GST. The question at present with the Assessee’s is how to start the process. Whether anything is required to be done at present or when it needs to be started.
Social Media has been a revolution in last few years. The Time taken for information sharing across domains of social media have been reduced to seconds or minutes because of various Apps availalble. The Updates helps many in decision making, knowledge sharing and awareness.
The parent Section under the Companies Act, 2013 related to the related party transactions, i.e. Section 188 read with the relevant Rules made there under, specifies as
In case of WOS of foreign company, foreign company wants to use same prefix as per their foreign company of incorporation of Indian company, NOC form the foreign company on their letter head required to use prefix.
Demonetization has affected every Indian to some or large extent. Huge queues outside banks and post offices shows the merciful position of people of India. This drastic step has been taken by Government of India to tackle black money which is in abundance in Indian market and society.
As a fallout and consequence of aforesaid discussion, the writ petition being sans substratum, deserves to be and is accordingly, dismissed at the admission stage itself leaving the parties to bear their own cost(s).
For improving quality of school education, School Standards & Evaluation framework, known as ‘Shaala Siddhi’ has been developed by National University of Educational Planning and Administration (NUEPA)
WEF midnight of 02.12.2016, old Rs. 500 bank notes will not be accepted at petrol, diesel and gas outlets of PSU Oil and Gas Marketing Companies as well as for purchase of Air Tickets at Airports;
