1. Latest updates by way of Notifications issued ♦ Notification No. 29/2021- Central Tax dated 30.07.2021 [Omission of Section 35(5) of the GST Act i.e. GST Audit and Substitution of Section 44 – by inserting Self-Certified Reconciliation Statement] The said notification omitted Section 35(5) of the GST Act i.e. GST Audit to be done away […]
Directors’ KYC is a new approach initiated by the Ministry of Corporate Affairs (MCA) in the year 2018 to check the existence of Directors of Company/s. This Form updates the KYC of the Directors. This Form needs to be filed every year by the Directors who have been allotted DIN by the MCA before 30th […]
What is Cryptocurrency? In simple words, cryptocurrencies are digital money that can’t be seen or touched but have certain value attached to them. They are support by blockchain technology which relies on a network of computers to keep track of transactions rather than on a centralized authority like a bank. Cryptocurrency is decentralized digital money, […]
Krishna, what advisory has been issued by CBIC regarding blocking of e-way bill generation facility which was temporarily suspended due to COVID-19 pandemic?
A neighborhood provision store owner in Roorkee, RM Nautiyal, often used to say, ‘Government is always a partner in your business, a partner asking for its share of profit as tax when there is profit, but if you are in loss, the government will not be your partner in the loss. So, if you want […]
‘THE TAXATION LAWS (AMENDMENT) BILL, 2021‘ introduced in Lok Sabha on 05th August 2021 (passed on 06th August 2021) proposes to amend the Income Tax Act, 1961 and the Finance Act, 2012 to scrap the effect of RETRO TAX amendment which took place in the year 2012 after Supreme Court judgement dated 20th January 2012 […]
When we go to a store to buy toothpaste, we often ask for Colgate and not for toothpaste. This is the power of Brand. The brand is nothing but the name of a company. Name decides the fate and future of the Company. One must be very diligent in choosing the name of the Company. […]
Sovereign Gold Bonds Scheme 2021-22, Open for Subscription Investing in gold is now much more easy and convenient, you just don’t have to buy any Gold bar or ornament from jewelry shop while you can purchase Sovereign Gold Bonds Issued by Reserve Bank of India , where we can enjoy Capital appreciation and fixed rate […]
TAAR held that, Applicant is a government entity liable to TDS provisions u/s 51 of CGST Act, 2017 and is also liable to pay tax under RCM in respect of legal services received by them.
There was a great contribution of Chartered Accountants in Indian economy post-independence, rather we should say world economy as members of ICAI has a presence in almost every developed and developing countries of the world engaged in providing quality services in the field of accountancy, finance, auditing , business consultancy etc. In India, CA.’s are […]
