The Article gives a summary of important TCS provisions and gives comparison of TDS on Purchase with TCS on Sale. Article explains Section 194Q (TDS ON Purchase of goods), Section 206C(1H): TCS on Sale of Goods, Section 206C (1F) : TCS on Motor Vehicles and Section 206C (1G) : TCS on foreign Tours. Section 194Q […]...

Carbon trading, also known as emissions trading or cap-and-trade, is a market-based approach to reduce greenhouse gas (GHG) emissions. It is a system designed to incentivize companies and organizations to limit their carbon dioxide (CO2) and other GHG emissions by placing a financial value on them. ...

According to RBI “securitisation involves transactions where credit risk in assets are redistributed by repackaging them into tradable securities with different risk profiles which may give investors of various classes access to exposures which they otherwise might be unable to access directly...

In India, there are different statutory provisions that mandate the keeping of books of account. These enactments are Income Tax Act 1961, Goods & Service Tax Act 2017, and the Companies Act 2013. All three statutes have different criteria for the books of account such as its retention period, type of records to be kept, […]...

Income-Tax Implications for the Buyers, if any Immovable Property is Bought for a consideration less than the Stamp Duty Value When any person buys an immovable property for a consideration that is less than the fair market value adopted for Stamp Duty purposes, then the Purchase Cost of the immovable property is governed by the […...

Technical terms and explanations thereof in the stock market: 1. Stock: A share in the ownership of a company. 2. Dividend: A portion of a company’s earnings paid out to its shareholders. 3. Index: A measure of the performance of a group of stocks representing a particular market or sector. 4. Volatility: The degree of […]...

TDS or Tax Deducted at Source is income tax reduced from the money paid at the time of making specified payments such as rent, commission, professional fees, salary, interest etc. by the persons making such payments....

The new FTP also introduces a one-time Amnesty Scheme for exporters to provide relief to the exporters who were unable to fulfil their Export Obligations against the EPCG and Advance Authorizations, in order to regularise the same....

. One of the most significant changes is the requirement for CAs, CSs, and CMAs to report suspicious transactions to the Financial Intelligence Unit (FIU) within 15 days of identifying them, up from the previous requirement of 7 days. Failure to comply with this requirement could result in a penalty of up to Rs. 10 lakh....

ANNEXED TO THE NOTICE OF GENERAL MEETING Explanatory Statements for preferential allotment pursuant to section 102 of the Companies Act, 2013. The Board of Directors on ……………………subject to necessary approval(s) , has approved the proposal for raising fund up to Rs………………………… by way of issue of equity shar...