Amidst ongoing spurt of pandemic , every business entity is finding alternative way to conduct their businesses. One of the popular method is Online Selling of Goods / providing Services to the customers to fulfill their needs. However one needs to take into account provisions of Goods & Services Tax before starting online businesses. Definition […]
April 2020 Union of India & Ors. Vs Exide Industries Limited & Anr. (Supreme Court); Civil Appeal No. 3545/2009; 24/04/2020 Supreme court upheld the constitutional validity of section 43B(f) of income tax Act i.e. deduction is available only on actual payment of leave to the credit of employee BT India Private Ltd. Vs ITO (Delhi […]
Where the Government subsidy is intended as an incentive to encourage entrepreneurs to move to backward areas and establish industries, the specified percentage of fixed capital costs, which is the basis for determining the subsidy, is only a measure adopted in the scheme to quantify the amount of subsidy and it is not a payment directly or in directly to meet any portion of the actual costs of assets.
Trade and commerce is one of the important aspects to determine the development of a nation as it helps to enhance and build up a strong economy. But in quite a few months the world has witnessed a huge downfall in the economy as the ongoing pandemic had a great impact on trade and commerce worldwide.
Section 184 of the New Act relates to ‘Disclosure of interest by directors’. The object of Section 184 of the New Act is to bring to the notice of the directors the conflict of interest and duty of any of their colleagues on the Board.
With the constant support and inputs of all Council Colleagues, many initiatives have been undertaken and with this instant communication, we are pleased to share with you some of the technology-oriented initiatives undertaken by your ICAI for the benefit and betterment of all
Exposure Draft of Guidance Note on Revenue from Operations in case of Contractors (Last date of comments: August 31, 2020) – (01-08-2020) Exposure Draft Guidance Note on Revenue from Operations in case of Contractors (Last date of comments: August 31, 2020) Research Committee The Institute of Chartered Accountants of India (Set up by an Act […]
ICAI is committed to provide the best services to its members. Considering the same, the International Affairs Committee of the Institute has assigned a dedicated Foreign Desk to take up overseas Member’s queries at ICAI HO level, to coordinate and communicate effectively the concerns/inputs/Queries of different ICAI Chapters/Representative Offices and ICAI members based abroad.
The issue under consideration is whether the addition for unexplained Gold made by combining the value of Gold and Silver is justified in law?
Presence of Website: Functional and Compliance Aspect PART I. In this digital world, a website plays a very significant role in order to pursue your business or for any educational institution/programmes or might be for any noble service as well. For instances, on receipt of a call from an interviewer, the first thing the candidate […]
