Most investors think replicating a mutual fund portfolio and creating their own portfolio with the same stocks is quite easy. It is the greatest misconception ever.
Article explains Clause 44 of Tax Income Tax Audit Report as applicable to Assessment Year in view of Recent ICAI Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 AY 2022-23. Clause 44 deals with Break-up of total expenditure of entities registered or not registered under GST.
Understanding Healthcare Taxation under GST: Learn how goods and service tax impacts the healthcare industry in India and its potential economic benefits.
As per section 12(9) the registrar has a reasonable cause to believe that the Company is not carrying on any business or operation, he may cause a physical verification of the registered office of the Company in such manner as may be prescribed however there were no any specific rule and procedure to carry out physical verification.
With the emergence of so many Start-Ups in recent times & the focus of Government on ease of doing business, LLP i.e. Limited Liability Partnership as the name suggests where the Liability of the Partners are limited to the extent of their capital contribution.
Arjuna, there was a rise in the arrests being made in GST offences, hence there was a need for directions to be issued by CBIC for their officers. This is a welcome clarification for the taxpayers and this should to some extent reduce the harassment which was caused to the taxpayers.
A deposit account explicitly designed for the needs of businesses is known as a current account. It assists organisations in handling a sizable volume of daily transactions and provides features and services that simplify planning and managing finances.
Understanding the new methodology for determining turnover in F & O transactions. Stay informed about the changes made by ICAI and their impact on tax audits.
Discover effective study strategies to pass any professional exam. Set your intention, maintain optimism, and stay focused on your goal.
So, all the stakeholders – Be Alert if you are not maintaining the registered office as per the requirement of the Law, in recent times the ROC has adjudicated various penalties for not maintaining the registered office as per Section 12 of the Companies Act, 2013
