One of the daily routines of a professional accountant is to record bank entries of clients. It is sometimes necessary for clients to provide bulk bank data to enter, which can be a tedious and time-consuming process. Professionals work creatively and avoid the boring work of recording entries in books. There are many tools available […]
Issue involved Whether department is enjoined to issue a notice under subsection 3 of Section 61 of CGST Act, 2017 once returns have been submitted by assessee before initiating action under Section 74 or not?
Stay updated on the revised Tax Deduction at Source (TDS) rates for the fiscal year 2023-24. Explore changes in TDS rates, thresholds, and compliance after the Union Budget 2023.
Draft Regulations 1. (1) These regulations may be called the Food Safety and Standards (Prohibition and Restrictions on Sales) Amendment Regulations, 2023. (2) They shall come into force on the date of their publication in official Gazette.
Discover how ChatGPT can benefit chartered accountants in research, calculations, compliance, financial analysis, and client communication. Enhance your professional practice with AI assistance.
India is widely recognized as one of the prominent players in the global economy. Despite being a developing nation, India’s economy has a significant impact on world trade.
Corporate Social Responsibility (CSR) refers to a company’s responsibility to contribute to the sustainable development of society. CSR is not only about fulfilling legal obligations but also going beyond them to ensure that the company operates in a way that benefits its stakeholders and the environment.
The name of Maharatta Chamber of Commerce & Industries, enlisted under Appendix 2E of FTP 2023, has been amended as `Mahratta Chamber of Commerce Industries and Agriculture’ and branch offices, address and contact details have been updated.
Introduction of new TDS codes, which have almost doubled from 36 to 65 in last eight years, led to increase in total reported transaction in FY 2021-22 to 144 crore as compared to total reported transaction in FY 2015-16 of 70 crore. This has resulted in increase in number of unique deductees — almost doubled from 4.8 crore (in F.Y. 2015-16) to 9.2 crore (in F.Y. 2021-22).
Explore an IBC case study on the breach of moratorium. Understand the legal implications, actions taken by NCLT, and the responsibilities of an Interim Resolution Professional. Get insights into sections 17 and 18 of the Insolvency and Bankruptcy Code, 2016. Stay informed on corporate insolvency resolution process intricacies.
