With the goal set for making the Indian AIF industry a globally competitive one, the chief regulator SEBI, on January 6, 2023, released a consultation paper to impart the flavor of standardisation in the yet extremely haphazard and varied valuation methods of investment portfolios managed by these lately buzzing AIFs....
Read More
Press Releases No. 05/2023 -
08/03/2023
Every person who has been allotted a PAN to intimate Aadhaar Number to prescribed authority so that Aadhaar & PAN can be linked by 31.03.2023...
Read More
Input tax credit (ITC) is the credit of GST, paid on procurement of goods or services, which can be utilised to discharge the GST liability on outward supplies. If the input tax credit is wrongly claimed, then it should be reversed by making payment to that extent of wrongly availed ITC. In certain situations, even […]...
Read More
Transactions between employer & employee are cover under related parties transactions as per explanations appended to Sec 15 of CGST Act, 2017. This article is an attempt to analyse the GST implications on employer- employee transactions. The taxability of employer & employee transactions are govern by Schedule I & Schedule II...
Read More
Income Tax Calculator For A.Y. 2024-25 With Income Tax Ready Reckoner For F.Y. 2023-24 (A.Y. 2024-2025) A quick review (Limited Information) of the applicable provisions under the Income Tax Act, 1961 for the F. Y. 2023-24 (A. Y. 2024-25), after incorporating amendments (only key and selective amendments) proposed by the Union Budget of 2...
Read More
Your credit score plays a significant role in your financial life and it is crucial to understand its importance. Article explain What are Credit Bureaus or Credit Information Companies, What is a Credit Score, How is the credit score calculated, What is the importance of the credit score and How to maintain a good credit score. [&hellip...
Read More
Concept of One Person Company was introduced by Companies Act, 2013. In a Private Company, a minimum of 2 Directors and Members are required whereas in a Public Company, a minimum of 3 Directors and a minimum of 7 members....
Read More
Computation of GST on Development Rights: Value for Development Rights: Value of similar apartments charged by the promoter from the independent buyers nearest to the date on which such development rights or FSI is transferred to the promoter Rate of Tax: 18%...
Read More
Mr A supposed to invest Rs 5 crores in start-up. He is holding 100% shareholding in his company(1% in the name of nominee to comply with the provision of Companies Act,2013)....
Read More
To prepare the Sales register, ITC register, fixed assets, etc. we need to consolidate multiple Ledgers exported in columnar format into a single sheet. To reduce this repetitive and boring task you can use this tool to consolidate all Ledgers exported in the columnar format from a tally into a single sheet with multiple ledgers […...
Read More