Income Tax : Explore 151 FAQs on Finance Bill 2025, covering tax provisions, IFSC benefits, TDS/TCS, transfer pricing, and more for informed fi...
Income Tax : Understand key changes in proposed Income Tax Bill 2025. This FAQ covers definitions, tax year, non-profits, exemptions, salary, h...
Income Tax : Learn about the simplification, stakeholder consultation, and structural reforms in the new Income-Tax Bill aimed at reducing redu...
Income Tax : Explore how new tax rebate under Section 87A allows individuals to avoid tax on incomes up to Rs 12 lakh. Learn through illustrati...
Income Tax : Learn the TDS process for NRI property sales in India, including rates, forms, and filing requirements. Ensure smooth compliance a...
Income Tax : Learn about advance tax, who needs to pay it, due dates, payment methods, penalties, and exceptions. Understand advance tax instal...
Finance : Learn about IFSCA regulations enabling foreign universities to set up branches in GIFT IFSC. Details include eligibility, fees, co...
Custom Duty : This FAQ guide provides clarity on key aspects of customs duties and tariff structure updates in Budget 2025-26. Basic Customs Dut...
CA, CS, CMA : Updates to UDIN portal include a shift from alphanumeric to numeric data type for figures across Certificates, GST & Tax Audit, an...
CA, CS, CMA : Detailed clarifications on ICAI's Peer Review Mandate, phases of implementation, applicability, and key definitions for audit prac...
SEBI : Learn about NSEs guidelines for filing Business Responsibility and Sustainability Reports (BRSR). FAQs, observations, and guidelin...
SEBI : Find answers to FAQs on Trading Window closure under SEBI (Prohibition of Insider Trading) Regulations, 2015, in the National Stoc...
Fema / RBI : Explore the recent RBI action against Paytm Payments Bank under Section 35A of the Banking Regulation Act, its impact on accounts,...
Corporate Law : Explore the updated FAQs on the implementation of the EPFO judgment dated 04.11.2022. Understand proof requirements, pension compu...
Corporate Law : Explore frequently asked questions on the SOP for inspection of establishments by EPFO. Get insights from related circulars, guide...
Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 3 Dated: 02.07.2016 As you may be kindly aware that an ‘Ind AS Transition Facilitation Group’ (ITFG) of Ind AS (IFRS) Implementation Committee has been constituted by APEX body of Chartered Accountants for providing clarifications on timely basis on various issues related to the applicability and /or […]
Quick understanding of Composition levy under section 8: Who is eligible: Registered Taxable person whose aggregate turnover as defined by section 2(6) of Draft Model GST Law, 2016 which includes both taxable and non-taxable supplies, exempt supplies and exports in a financial year does not exceed Rs. 50 Lakhs.
FREQUENTLY ASKED QUESTIONS(FAQs) SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2014 Disclaimer: These FAQs are prepared with a view to guide market participants on SEBI (Foreign Portfolio Investors) Regulations, 2014 (“the Regulations”). For full particulars of laws governing the Foreign Portfolio Investors (FPI), please refer to the Acts/Regulations/Guidelines/Circulars etc. appearing under the Legal Framework Section of SEBI […]
8th floor, Vikrikar Bhavan, Mazgaon, Mumbai-400010. TRADE CIRCULAR To, No. VAT/MMB-2015/47/2016-17/ADM-8 dated 30th June 2016. Trade Cir. No. 19T of 2016 Subject: FAQ’s on Settlement of Arrears in Disputes Act, 2016. Ref. (1) The Maharashtra Settlement of Arrears in Disputes Act, 2016. (Act No. XVI of 2016) (2) Trade Circular No. 10T of 2016 dated […]
The Central Government has decided to levy Krishi Kalyan Cess @ 0.5% on the value of taxable services from 01/06/2016. As a result, there are bound to be questions as to how this levy will get integrated into the existing dynamic structure of the Service Tax provisions.
Whether a member of the Institute in practice can accept such assignment where advertisement of tender was issued prior to 7th April, 2016? The notification is effective for all tenders issued/hosted on or after 7th April, 2016. Therefore, a member of the Institute in practice can accept such assignment where advertisement of tender was issued prior to 7th April, 2016.
All the instructions are only for the Dealers who are not eligible to file form 704 Audit Report as per provisions laid down u/s 61 of MVAT Act, 2002. (Hence following instructions are not meant for the Dealers who are Eligible to file form 704 Audit Report.) As per provisions u/r 17(4) of MVAT Rules, […]
Are there any changes in the format of annexure and return? Ans. Sales and purchase annexures are replaced with annexures J 1 and J2. In sales and purchase annexures, invoice wise data of sales and purchase is required to be entered. Copy and paste option is also available to insert the data in sales and purchase annexures.
What is Audit Report in Form 704? Ans : It is a report under section 61 of MVAT ACT, 2002 to be submitted by eligible dealer within 10 months of the end of a particular financial year.
Q.1 WHAT IS COMPETITION IN THE MARKET? a In common parlance, competition in the market means sellers striving independently for buyers’ patronage to maximize profit (or other business objectives). a A buyer prefers to buy a product at a price that maximizes his benefits whereas the seller prefers to sell the product at a price […]
