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Archive: 12 February 2018

Posts in 12 February 2018

MSME – Why register as one ?

February 12, 2018 7077 Views 2 comments Print

MSME- an abbreviation of Micro, Small & Medium enterprises- is the pillar of economic growth in many developed, and developing countries in the world. Often rightly termed as “the engine of growth” for India, MSME has played a prominent role in the development of the country in terms of creating employment opportunities-MSME has employed more than 50 million people, scaling manufacturing capabilities, curtailing regional disparities, balancing the distribution of wealth, and contributing to the GDP.The government has introduced various schemes and aids to ensure the MSME lead a struggle free existence in the country, and also contribute, to the Indian Economy.

Section 112A LTCG ON Equity Share Or Units Of Equity Oriented Mutual Fund Or Units Of Business Trust FROM 01.04.2018

February 12, 2018 11922 Views 8 comments Print

Hello friends as we all know that the finance bill 2018 has introduced a new section 112A for the taxability of long term capital gain arising on the transfer of equity share or units of equity oriented mutual fund or units of business trust.

CBEC: The root cause analysis of corruption reveals interpretation: Part 2

February 12, 2018 1668 Views 0 comment Print

Why the Comptroller & Auditor General (CAG) does not raise audit objections or take cognizance thereof even when it is absolutely clear that somebody has indulged into corrupt interpretation to ensure benefit in a very veiled manner. Can the corrupt interpretations be ignored & no action ever taken?

Budget 2018: Double Clampdown, Is It Fair?

February 12, 2018 2076 Views 0 comment Print

In the Budget 2018, the Finance Minister has Re-Introduced taxability of Long Term Capital Gain on equities shares and equity oriented mutual fund (herein after referred as LTCGE) @ 10%. This proposal has raised many questions, some people are even calling this move as double taxation. Government named its move as rationalization of LTCGE, whereas […]

6 Latest Instances Maligning an Honourable Profession of CA

February 12, 2018 32136 Views 19 comments Print

There are a number of issues directly linked to maligning the image of Chartered accountants which started from Satyam , Reddys, Lodhas and we are being found mediatory in almost all the cases of bribes caught red-handed by the enforcement agencies. However, an attempt is being made here through this article to look for the last six incidents maligning the profession drastically.

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