According to the World Bank’s Doing Business 2020 report, India was ranked 63rd out of 190 countries, marking a significant improvement of 79 places since 2014. This progress can be attributed to a series of reforms implemented by the central government, including the Business Reform Action Plan (BRAP)
Right now, MSME’s are in a bind, there are lot of suppliers who are not paying MSME’s their dues on time and it’s causing MSME’s a ton of stress. Is there any help available from government to MSME’s ?
ITO Vs Rajesh Kumar Chhanalal Patel (ITAT Ahmedabad) Ahmedabad ITAT upholds CIT(A) order deleting the addition of Rs. 86.75 Cr under Section 69A as Assessee’s unexplained income; Holds that the cash deposited in bank account cannot be treated as unexplained as the Revenue himself in the remand report and on verification accepted that the entire […]
DCIT Vs U.K. Paints (Overseas) Ltd. (Supreme Court of India) As found by the High Court in none of the cases any incriminating material was found during the search either from the Assessee or from third party. In that view of the matter, as such, the assessments under Section 153-C of the Act are rightly […]
Andhra Pradesh GST Authority for Advance Ruling (AAR) has ruled on the applicability of GST on the export of pre-packaged and labelled rice.
Appendix-I Declaration of no PE in India Declaration required u/s 9 of Income Tax Act, and for claiming relief under an agreement referred to in section 90 and 90A i.e. (for claiming the benefit of DTAA – Double Tax Avoidance Treaties) To, _____________________ _____________________ Declaration : No PE in India Sir, The Following letter is […]
In re Andhra pradesh corporation for Outsourced services (GST AAR Andhra Pradesh) Order from the Authority for Advance Ruling (AAR) in Andhra Pradesh regarding the applicability of GST (Goods and Services Tax) on the services provided by Andhra Pradesh Corporation for Outsourced Services (APCOS). Summary of the key points mentioned in the order: 1. APCOS […]
Explore the final accounts of joint stock companies in India under Ind AS-1 and Schedule III. Understand the changes as per Companies (Indian Accounting Standards) Amendment Rules 2023, covering financial statements, shareholding details, cryptocurrency disclosure, and more. Stay updated on the latest amendments and comprehensive guidelines for presenting true and fair financial statements, including the significant accounting policies and notes.
Internal audit serves as the sentinel of controls within an organization. By meticulously examining control systems and processes, internal auditors identify vulnerabilities and weaknesses that fraudsters may exploit.
Kharghar Co-op. Housing Societies Federation Ltd Vs Municipal Commissioner (Bombay High Court) Bombay High Court in the matter of property tax didn’t entertain the petition as effective and effacious remedy of filing an appeal under section 406 of the MMC Act available with the petitioner. Facts- Petitioner No.1 claims to be a federation of co-operative […]
