The value of leasehold interest in land is to be included in assets while determining the fair market value of the shares held and owned by the shareholders as on 01.04.1981
Preference shares, more commonly referred to as preferred stock, are shares of a company’s stock with dividends that are paid out to shareholders before common stock dividends are issued. If the company enters bankruptcy, preferred stockholders are entitled to be paid from company assets before common stockholders. Most preference shares have a fixed dividend, while […]
Article explains What is XBRL, Does XBRL cause a change in accounting standards, Is India a member of XBRL International, Applicability of XBRL filing, Documents required for XBRL for MCA with FAQs. Introduction of What is XBRL?: XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting […]
The Govt. is sending ‘Intimation on DRC-1 for payment of 18% GST on Reverse charge basis on Royalty paid on mining lease’, under HSN code 997337.
Section 61 of the CGST Act, 2017, empowers the proper officer to scrutinize a return and related particulars furnished by the registered person to verify the correctness of the return and inform him of the discrepancies noticed, if any, and seek his explanation thereto.
In this article author has tried to throw some light on the procedure to be followed while conducting stock and receivable audit in a brief manner: Working capital finance in the form of cash credit against the security of hypothecation of stock and debtors is one of the most common method of finance frequently adopted […]
SC held that the Sale Certificate is merely the evidence of such title and the Auction Purchaser derives title on confirmation of sale in his favour and a Sale Certificate is issued evidencing such sale and title and no further deed of transfer from the Court is contemplated or required.
Unlocking the intricacies of Section 16(2)(aa) under CGST Act: Learn the critical conditions for availing Input Tax Credit (ITC). Explore the impact of the recent Finance Act, 2021 amendment and the significance of Rule 36(4).
Stay informed about the recent GST changes effective from 30 March 2022. Learn about the amendments under the Finance Act, 2022.
PRADHAN MANTRI FORMALISATION OF MICRO FOOD PROCESSING ENTERPRISES SCHEME – ODOP (ONE DISTRICT ONE PRODUCT) Introduction: I am a person with a foot firmly on the ground, I keep visiting the fishing town known as Malpe which is just 3 km from my place and one of the leading hubs for fishing which caters to […]
