“The management of accounts receivable, inventory and accounts payable is the least expensive way to manage cash flow .Account receivable should be monitored closely and actions should be taken to improve the collection of receivable and to encourage positive cash flow in a business. “Uncollected receivables are the main reason business owners are making money but don’t have any […]
India has been slowly awakening to the generality of violence against women in the net sphere. Whereas it lacks a nationwide comprehensive study on the problem, the widespread prevalence of gender-based principally online harassment and abuse against women has come back additional and additional beneath the spotlight owing to the national and international media.
Design protection plays a crucial role within the product market, increasing the aggressiveness of the manufacturer of the merchandise, and enhancing the quality of social life. Therefore it’s necessary to safeguard styles to reward the designer’s ability and to encourage future contributions.
Any person who wishes to carry on investment advisory services for its clients should get themselves registered as Investment Adviser (IA) with SEBI. SEBI has specified the eligibility criteria and conditions that one must fulfill before making an application with it. Before starting with the conditions that one must fulfill to become an IA, let […]
Introduction Individual Homebuyers are the backbone of the real estate sector of India as they collectively constitute the largest chunk of investors in a real estate project. However, the legal position of these important stakeholders is notoriously volatile due to the following reasons: Firstly, a tri-remedial mechanism under Real Estate (Regulation and Development) Act, Consumer […]
1. This section is applicable on domestic companies 2. This section is applicable from the AY 2020-21 3. Effective Tax rate under this section is 17.16% (Tax 15% plus, Surcharge 10% and Cess 4%) 4. The company should be incorporated and registered in India on or after 1st October 2019 5. The company should commenced […]
Understand the tax implications on reconstitution of firms, AOPs, and BOIs under the new taxation regime. Learn about section 9B and its interplay with other related sections.
1. Availing ITC: Crediting the ITC in Electronic Credit Ledger is availing ITC. Crediting ITC to credit ledger results in to ITC availed. 2. Utilization of ITC: Debiting the ITC in the Electronic Credit Ledger is utilization of ITC. Debiting ITC results in to ITC utilized. 3. Interest under section 50: Wrong credit taken i.e […]
The determination of residency under the provisions of Income Tax Act, 1961 (‘Act’) is critical in determining the taxable income to be offered to tax in India. One issue that has been noted is with respect to taxation of crew members of ship or individuals leaving for employment outside India during the year and another being the impact of the changes made in residency provision for individuals.
CBDT should clarify the taxability of prizes to Olympic players. Understand the controversy surrounding cash and kind prizes awarded by the government and private bodies.
