The Notification No. 34/2015-20 dated 13.01.2017 is amended to the extent that now the ‘Health Certificate’ for items specified under Serial No. 41 and 171 of Schedule 2 of ITCHS Export Policy for export of Animal By-Products will be issued by Export Inspection Council. All other terms and condition of Notification No. 34/2015-20 dated 13.01.2017 […]
I am directed to refer to Board’s letter dated 24th May, 2019 regarding Region-wise allocation of revised Budget Estimates(BE) of Rs. 13,35,000 Crores for the Financial Year 2019-20. In this regard, it is stated that in the Receipt Budget 2020-21, Rs. 11,70,000 Crores (reduction of Rs. 1,65,000 Crores) has been allocated as Revised Estimates (RE) for Direct Taxes for the Financial Year 2019-20.
he auditors in their tax audit report have also not mentioned of any violation of provisions of section 40A(3), as these payments have been made on account of business expediency where insistence of cash by the agents and truck drivers has been established by the appellant.
You forgot your Pan and do not have your PAN card too then you may be wondering how to know the PAN allotted by Income Tax Department to you. Here we would discuss trick of knowing the PAN with the help of your name and date of birth.
We are here to discuss on the conducting the board meeting through video conferencing and following steps to be follow by each and every director of the company while conducting the Board Meeting through video conferencing.
The Ministry of Corporate Affairs (MCA) on Tuesday, February 25, 2020 notified the Companies (Auditor’s Report) Order, 2020 (CARO 2020) revamping the Companies (Auditor’s Report) Order, 2016 (CARO 2016) , making it mandatory for companies to disclose all complaints to the auditor while ushering enhanced due diligence and disclosures on the part of auditors. RATIONALE […]
Under section 16 of IGST Act 2017, exports are considered as zero rated supplies. Zero rated supplies means where the GST burden on both inputs and outputs is zero. This is mainly to make Indian Goods and Services competitive in the international market. GST Act has prescribed ways to achieve this mainly. 1. Export of […]
Non-Banking Financial Institutions (NBFC) are Companies that are registered under the Companies Act, 2013 and are regulated by the Reserve bank of India Act, 1934 and its Master Direction Circulars as may be updated from time to time. These are the Companies engaged in the business of providing facilities of loans and advances and investments […]
‘Benami’ transactions were treated as valid transactions by various courts, prior to promulgation of Ordinance in 1988. We know that word ‘Benami’ is a Persian compound word, made up of ‘be‘ which means without and ‘name‘ which means name that is ‘Benami’ means ‘Without name’. ‘Benami Transaction’ means a transaction which is affected by a […]
Internal auditors strive to identify audit issues and report them to the Governing bodies/Audit Committees, however, many times such issues are placed on the back burner by the Governing authorities as time elapses and new priorities emerge.
