‘Annual Information Statement’ and ‘Taxpayers Information Summary’ are the two new statements, recently, introduced by the Income Tax Department. ‘Annual Information Statement’ is a detailed statement covering all the particulars of the financial transactions carried out by the taxpayer in a Financial Year. Whereas, ‘Taxpayers Information Summary’ is a summarized statement covering a summary of […]
Real Estate Sector before introduction of RERA, 2016 was one of the most unregulated sector in the country. We know that the Real Estate Sector is contributing around 6.5 to 7% of the GDP of India. In this unregulated sector , the consumers are the real victim and their hard earned money is duped by […]
Joint representation fo Extension of various dues dates of filing Audit Reports and Income Tax Returns under Income Tax Act, 1961 in the backdrop of technical glitches on the IT portal coupled with Covid-19 third wave
Let us first understand the taxability from an individual perspective who does not conduct any business activity, he purchases the Foreign Currency (FC) for personal purpose, which may be medical treatment abroad or for a foreign trip outside India.
Dive into the world of Marine Insurance and uncover its features. Learn about the coverage it provides for ships, cargo, terminals, and various transportation modes. Explore the historical context with the Marine Insurance Act of 1906 and the standardization efforts by Lloyds and The Institute of London Underwriters. Understand the classifications of Hull & Machinery and Cargo insurance. Delve into the evolution of insurance law in India, from the British era to the Insurance Act of 1938.
The process of creating plans to spend and use finance in an organisation makes up budgeting (estimates). Budgeting (estimates) helps determine the spread of resources/finance available for project development. Execution of budgeting (estimates) in project management/development is essential. This ensures that project efficiency, standards, timely delivery of the project. A good Project Budget sustains itself […]
