Import of Apples under ITC (HS) 08081000 is ‘Prohibited’ wherever the CIF Import Price is less than equal to Rs. 50/- per kilogram. Minimum Import Price (MIP) conditions shall not be applicable for imports from Bhutan.
Article contains a crisp summary on amendments introduced by Budget 2023 pertaining to MSME payments and implications of amendments on commercial transactions.
A non-performing asset is a loan or an advance where: (i) Interest and / or installment of principal remain overdue1 for a period of more than 90 days in respect of a Term Loan. (ii) The account remains ‘out of order’2 , in respect of an Overdraft / Cash Credit (OD/CC) and all other loan products being offered as an overdraft facility, including those not meant for business purposes and/or which entail interest repayments as the only credits.
Explore a summary of important TCS provisions and a comparison of TDS on the purchase of goods. Understand Sections 194Q, 206C(1H), 206C(1F), and 206C(1G) with insights from the article.
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
Learn about the statutory provisions mandating bookkeeping in India for companies. Understand criteria, responsibilities, and penalties under the Companies Act. Get insights from a practicing Chartered Accountant.
Understand income tax implications for buyers when purchasing immovable property below stamp duty value. Learn about Section 56(2)(x) and its consequences. Get expert advice for smooth transactions.
Explore essential stock market terms with explanations. Learn about stocks, dividends, indices, P/E ratio, volatility, and more. Enhance your financial knowledge!
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.
