Confucius said: Choose a job you love and you will never work a day in your life. If you are one of those who has decided to build a Career in Finance, these are some useful tips:- 1. Obtain a Professional Qualification- CA, CMA, CPA, ACCA, FRM are some premium qualifications, that provide a cutting […]
1. Section 7 – Scope of Supply Schedule II Activities to be treated as Supply of Goods or Supply of Services Supply of Goods or Services provided by any Association or any person other than an individual to its members for consideration will be considered as supply and person or Association shall be treated as […]
Finance Bill 2021- Paradigm Shift In The Provisions Relating To Income Tax Search And Seizure Assessments And Income Tax Settlement Commission Introduction:- The Hon’ble Union Finance Minister Nirmala Sitharaman has presented the Union Budget 2021 of India on the 1st of February, 2021. Budget 2021 is aimed at reviving an economy that plunged into deepest […]
BUDGET 2021 HIGHLIGHTS OUR VIEWS A. General > MSME sector as this sector is the back bone of the success of the economy & is allocated Rs. 15,700 crore for MSME. But considering the 63 Million MSME in India, this allocation is too low. > Govt; had targeted to disinvest in PSU worth Rs. 1..75 […]
The Finance Bill, 2021 has proposed to make several amendments (w.e.f. 01 April, 2022 i.e., AY 2022-23) in the provisions, under the Income Tax Act (Act), relating to the taxation of Charitable/ Religious Trusts, Societies, Institutions etc. (Now referred as ‘trusts etc.’). These amendments are proposed in Section 11 of the Act.
Development of plot is ‘A scheme where the owner of land obtains the necessary permission/ approval from the local municipal bodies/ development Authority to make land marketable by adding the supporting infrastructure facility to it.
Honourable F.M. Mrs. Nirmala Sitharaman unveiled the budget 2021-22 and also issued Finance Bill covering various tax proposals. Overall, our view is that it is a balanced and a progressive budget presented by the government which will go a long way in the overall development especially the physical and the health infrastructure of our country. […]
The Principal Commissioner Of Customs, Mundra Vs LYKIS Limited (Gujarat High Court) From the above Section, it is clear that no time limit is prescribed. We find that the request of the appellant for conversion was rejected on the sole ground of limitation as prescribed under Board Circular No. 36/2010 Cus. We find that since […]
The Council Year 2020-21 is reaching its finality very soon. As per the tradition, I will be completing my tenure as the President of ICAI to move ahead, with a feeling of great satisfaction that we as a team are able to contribute for our alma mater, despite the challenges posed by pandemic.
The Economic Survey was presented in Parliament which draws a blue print of Indian economy. It advocates at fiscal expansion and suggests of a calibrated fiscal policy (India’s fiscal stimulus as a percentage of GDP in Covid times). Economic survey highlights expansion in Government spending and borrowing. It defends farm laws and even comments positively […]
