Understand tax implications of financing a wholly owned subsidiary through loans or equity, covering Sections 36(1)(iii), 57 of IT Act, and 186 of Companies Act.
Discover the meaning and significance of the CASA (Current Account and Saving Account) ratio in banking and its impact on a bank’s profitability and cost of funds.
Learn about Form MGT-14, its purpose, filing requirements, deadlines, and penalties for non-compliance. Essential for all ROC filings.
Explore the detailed analysis of buyback of shares under the Companies Act and Income Tax Act, covering key provisions, tax implications, and legal perspectives.
Discover how Dearness Allowance (DA) for PSU employees is calculated, accounting for inflation and the Consumer Price Index. Learn the formula and factors influencing DA rates.
Explore the Income Tax Calculator covering the last 28 years from FY 1997-98 to FY 2024-25. Analysis of Finance Bill 2024 and insights on choosing between old and new tax regimes.
Learn about Incoterms in international trade, their categories, and responsibilities of buyers and sellers. Choose right Incoterm for your trade transactions.
In this article we will discuss about GST applicability in case of Hostels. Hostels can be of two types: (1) Hostels maintained by educational institutions (like many school and colleges provides Hostel facility / boarding school facility either compulsory or optional basis) (2) Private Hostels (Provided by individual operators to students and working professionals)
Till FY 2020-21 contribution to Recognised Provident fund (RPF) was eligible for EEE (Exempt- Exempt- Exempt) This EEE implied that full exemption from tax is given on (1) investment in PF (u/s sec 80C), (2) Interest on PF (u/s 10 upto 9.50%) and (3) withdrawal of PF (u/s 10(12) subject to 5 year service condition) […]
Ethanol (primarily a by product from sugarcane and residue of rice and wheat) is mixed with Petrol in the range of 5% to 10% as of now and on world environment day (05.06.2021) PM announced to increase the same to 20% by 2025 for petrol and to mix the same upto 10% in case of […]
