The objective of IND AS 12 is to ensure that the financial statements of an entity provide information about the current and future tax consequences of its transactions and events.
Explore the implications of Corporate Social Responsibility (CSR) expenditures under Companies Act, Income Tax Act, and GST. Gain insights into tax laws, deductions, and proposed changes. Stay informed to make informed business decisions.
Learn the step-by-step process to link your Aadhaar card with PAN for compliance with Indian tax regulations. Ensure you meet the deadline to avoid penalties and keep your financial records in order. Follow the simple instructions on the official Income Tax Department website to complete the PAN-Aadhaar linking effortlessly.
Explore the new provisions on round-tripping under RBIs Overseas Investment Rules. Learn about the impact on cross-border transactions and the relaxation of regulations for Indian businesses expanding globally. Understand the complexities of layers of subsidiaries and compliance under the latest Foreign Exchange Management guidelines.
Reliance Industries Limited (RIL) is proposing demerger in coming months with its Financial Services unit Reliance Strategic Investments Limited (RSIL) which is Currently Non deposit taking systematically important NBFC and wholly owned subsidiary of RIL.
An Audit Trail is a detailed, chronological record where accounting, and other financial data are tracked and traced. It is advisable to have an Audit trail as it would verify and track all kinds of transactions, work processes, accounting details, trades, accounts etc, especially now that the MCA has made it mandatory.
A strong foundation of financial literacy can help support various life goals, such as saving for education or retirement, using debt responsibly, and running a business.
Explore the challenges and legal measures addressing women’s safety in India. Learn about key laws like Protection of Women from Domestic Violence Act and Sexual Harassment at Workplace Act. Government initiatives play a crucial role, yet persistent issues demand collective efforts for a safer society.
The Budget! Whether it’s your teenage Goa trip, planning for a baby, arranging funds for an event, or planning for the future of your family or institution, we all need to do it; we all need to plan for it. But let’s be honest, the game is on a whole another level for the central government.
ECO would be liable to pay tax on any restaurant services supplied through them included by an unregistered person. Invoice in respect of restaurant service supplied through ECO under section 9(5) will be issued by ECO.
