Many countries limit the amount of interest expenses of multinational companies (MNC). An enterprise who has borrowed capital in form of loan from its associate enterprises can claim deduction of interest paid and payable to associated enterprises. Foreign companies have several models to infuse capital in its associated company situated in another country. Some may […]
This Standard prescribes a set of principles for convening and conducting Meetings of the Board of Directors. This Standard is applicable to the Meetings of Board of Directors of all companies incorporated under the Act except One Person Company (OPC) in which there is only one Director on its Board and a company licensed under […]
You certainly lose your spirit after spending a long time to prepare a return just to see, or to say more aptly ‘not to see’ the DSC users name in the utility for signing the document. Then you conclude that somehow your PC does not support the facility to sign using a DSC. This just […]
While starting business anxiety and uncertainty hits every time in minds of start-ups. The main role of entrepreneur is to cross the ocean of uncertainty and impossibility and by positive attitude monetize the idea. The main difference between entrepreneur and businessman is that entrepreneur makes his imagination true by positive attitude and businessman earns profit […]
Private Limited Company is the most popular form of starting a business, there are various compliances which are required to be followed once your business is incorporated. Here is a list of compliances for the Private Company: Sr. No. Particulars Due Dates/Status 1. Company Name Board Every Company shall paint or affix its name, and […]
et’s study 9 major updates in GST, which are important for the taxpayers to take note of. Due to future changes & implementation of e-invoicing, it seems that’s the GST department is willing to play Virtual Dandiya with a great enthusiasm with the taxpayers.
The Scheme of New returns was designed to be implemented by 1st Oct 2020 and accordingly the present scheme of GST return filing was mandated till 30th September 2020. However, due to delay in system changes and situations arising on account of COVID-19 the present scheme of filing of returns is continued which is explained below.
Whether audit of accounts under clause (d) & (e) of section 44AB read with section 44AD & 44ADA of the IT Act is compulsory for an assessee? It is pertinent to mention that out of the total 5 (Five) conditions of compulsory audit of accounts of certain persons carrying on business or profession, under section […]
A cost audit represents the verification of cost accounts and checking on the adherence to cost accounting plan. Cost audit ascertains the accuracy of cost accounting records to ensure that they are in conformity with cost accounting principles, plans, procedures and objectives. A cost audit comprises the following; -Verification of the cost accounting records such as the accuracy of the cost accounts, cost reports, cost […]
In the following article I have elaborated certain mistakes that one does un-knowingly and ultimately leads to financial crises. Here are some of the reasons due to which a person is not able to save or invest. 1. CHOOSING WRONG INVESTMENTS MISTAKES CORRECTIONS Keeping money in bank account, F.D., R.D. you might be wrong if […]
