"I am a Chartered Accountant working with a public sector company in petroleum industry. I have qualified my CA Final in the year 2009 with 44th All India Rank."
Being in taxguru website, we assume all the readers reading this publication have already heard of the acronym IRR. Internal rate of return, commonly known as IRR, is a capital budgeting technique that is used for evaluation of any investment proposition.
Intricacies of section 115BAA Introduction With the introduction of new section 115BAA, domestic companies now have the option to pay tax at a lower rate of 22% (plus surcharge and education cess) with effect from AY 2020-21. The section basically allows corporate assessees to pay tax at a lower rate on foregoing majority of deductions/exemptions […]
Cash transactions seldom leave any trail and has always been a facilitator of black money. Whereas, electronic transactions ensure a clear money trail and make it very difficult for tax evaders. Government, in this regard, has from time to time bought in various provisions in order to restrict/discourage cash transactions and incentivise/ promote non-cash mode. We […]
