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Archive: 16 August 2020

Posts in 16 August 2020

Indian economy: Its brightest future with Inland Water Ways

August 16, 2020 3069 Views 0 comment Print

Eternal rivers like Ganga, Yamuna, Narmada, Godavari, Krishna or Cauvery Crisscross India with bubbling energy and watercolor reminding the joyous ways of billion ways of living. Our old epics have eulogized their presence by adequate coverage in ample measure by describing the emotions of our hero persons while living near these mighty rivers. While trying […]

TDS on Rent under section 194I, 194IB & 194IC

August 16, 2020 40857 Views 0 comment Print

All about TDS on Rent Meaning of Rent ‘Rent’ means any payment, by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of (either separately or together) any,— 1. land; or 2. building (including factory building); or 3. land appurtenant to a building (including factory building); or […]

“Make in India” with “Make for World” should be mantra says PM

August 16, 2020 669 Views 0 comment Print

PM Shri Narendra Modi highlights importance of Aatmanirbhar Bharat in 74th Independence Day speech. National Infrastructure Pipeline Project to play a crucial role in pulling the country out of impact of Covid 19 : PM Make in India with Make for World should be mantra says PM

FAQs on NPS & NPS for NRI Through eNPS

August 16, 2020 5028 Views 1 comment Print

Q. 1 What is National Pension System? Ans: National Pension System is a contributory pension system which was initially (from 1st January 2004) introduced for the government employees and later rolled out for all citizens of India from May 1, 2009. Any citizen of India in the age group 18 to 65 years can join […]

FAQs w.r.t CA May/November 2020 Examinations

August 16, 2020 7311 Views 1 comment Print

Whether the student who had applied for May 2020 Exams be required to fill Examination Form For November 2020 afresh. Yes, the students of all courses who had applied for May 2020 Examinations will be required to fill form for November 2020 afresh on opening of window for the same. The students are allowed to change the group(s) as well as Centre, for appearance in November 2020 examinations

Faceless Assessment Scheme 2019 – Analysis of recent amendments

August 16, 2020 7323 Views 5 comments Print

INTRODUCTION Administrative departments in the country are on a pathway of digitalization. Old administration practices are continuously being upgraded to improve efficiency and resource utilization. CBDT too, plays active role in the same and has incorporated Income Tax Business Application (ITBA) for electronic conduct of various functions/proceedings including e-assessment is step towards the same. Adding […]

Fetters on Principle of Natural Justice in Penny Stock Cases

August 16, 2020 4038 Views 2 comments Print

Introduction: The assessee has been taking a common argument against the addition on account of penny stock. The said argument revolves around the violation of the principle of natural justice. The assessee pleads that: a) The investigation wing report and other documents which is the basis of treating the transaction as bogus by the department […]

Incorporation of Company In China

August 16, 2020 1287 Views 0 comment Print

China represents a competitive and appealing country on an international scale from an investment point of view, and a major force of the worldwide economy. Being a stable business partner in many fields of interest, China is recognized as a fast-growing economy and a global influence, with connections to powerful financial centers. China attracts investors from abroad to place their […]

Incorporation of Company In Singapore

August 16, 2020 5340 Views 0 comment Print

In accordance with the Overseas Direct Investment data issued by the Reserve Bank of India, it can be presumed that Singapore is the top destination preferred by Indians for investment. All the Companies in Singapore are registered with Accounting & Corporate Regulatory Authority i.e. ACRA (similar to Ministry of Corporate Authority here in India) and […]

Covid-19 impact on Accounting Standards Compliant Financial Statements

August 16, 2020 3498 Views 0 comment Print

COVID-19 pandemic has disrupted the entire world whether its humans’ health or their financial health. Financial statements have to bear the direct impact of this unprecedented pandemic. But how will this be shown and disclosed? This is being answered by the prestigious Institute of Chartered Accountants of India (ICAI) in its Advisory issued in March […]

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