A significant trend that is increasingly taking root across the world is the introduction of digital currencies. Central bank-issued digital currencies, popularly known as CBDCs, are now a reality.
Like any other investment sector, the crypto industry has a vocabulary you should learn. Learning how and when to use some terms, mainly when trading your Bitcoin, is essential.
Notably, Bitcoins are created and generated through mining. And this means miners must undertake complex mathematical computations to create new Bitcoins.
Explore the sunset of the National Anti-Profiteering Authority (NAA) under GST and its logical end. Learn about its functions, merger with CCI, and implications on profiteering issues.
Explore the practical approach to conducting cost audits in various industries, covering the basics of cost audit, audit program, data collection, analysis, and key areas for comments and conclusions. Written by CMA Alokesh Dutta, a practicing Cost & Management Accountant with over 30 years of industry experience.
Explore key takeaways to master the CA journey, including commitment, consistent practice, persistence, growth, knowledge sharing, and enjoying the learning process. Written by Ishwin Kaur, a student at ICAI, passionate writer, and orator.
Manish Goel Vs ITO (ITAT Kolkata) ITAT find that in the case of Swati Bajaj (supra), the facts before the Hon’ble Jurisdictional High Court, were that the assessee has claimed exempt income under section 10(38) of the Act at Rs.28,23,500/- from sale of equity shares of a listed company namely Surabhi Chemicals & Investment Limited. […]
Utkarsh Chemicals Vs C.C. Mundra (CESTAT Ahmedabad) The common issue involved in all the appeals of the bunch as well as in the present appeals is of classification of goods declared by the appellant as Bed Cover and the revenue’s claim is that imported goods is ‘polyester woven fabric’ classifiable under CTH 54075490. Brief facts […]
CSR expense disallowance is restricted to expenses incurred by assessee under statutory obligation u/s.135 of companies Act 2013 and it doesn’t apply to expenditure incurred in discharge of corporate social responsibility (CSR) on voluntarily basis.
It has come on record that the department has itself accepted interest paid to the lender banks @ 14.75% in case of secured loans are against unsecured loans availed from Shri Grewal. That itself suggests that the impugned interest rate @ 10% is not excessive so as to attract the impugned disallowance/addition.
