The world economy is evolving and quite complicated. With economies marching towards constant development through research, there are new opportunities along with unprecedented threats in the business environment. Banking failures and mortgage failures are few such examples of meltdowns. Stakeholders are concerned about strategies which manage financial risks. Implementation of proper risk management systems is […]
PAS-6 Reconciliation of Share Capital Audit Report (Half Yearly) 1. As per MCA notification dated 10th September, 2018 came into force on the 2nd day of October, 2018. In the Companies (Prospectus and Allotment of Securities) Rules, 2014, after rule 9, the following rule shall be inserted, namely: – (It is mandatory to for every […]
32 Amendments relating to Assessment Year 2020-21 (Finance Act 2019) alongwith Section 111A, 112, 112A, 115JB, 115JC, 115BAA and 115BAB explained RATES OF TAXES APPLICABLE TO ASSESSMENT YEAR 2020-2021 (FINANCIAL YEAR 2019-2020) A. INDIVIDUAL AND HINDU UNDIVIDED FAMILY a) Individual Below 60 years /HUF Particulars of Taxable income Rate a Income up to Rupees 2.50 […]
Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of Non-Banking Financial Companies (NBFCs) As per the RBI Notification DNBS (PD) CC.No.376/03.10.001/2013-14 and Notification No. DNBS(PD) 275/GM(AM)-2014 dated May 26, 2014 Prior approval of RBI is to be taken when there is change in management/ control of NBFC. After granting […]
CONVERTIBLE NOTES In India, in the recent years, there has been a huge start up growth. More people especially the youngsters come up with innovative ideas to start a business. There are many young people who have the potential and capability to initiate their own startup. Everyone is aware of the fact that one of […]
Section 11 – Made Easy – Never Before Ever After Section 11 of Income Tax Act, 1961- Income from property held for charitable or religious purposes Sub Section (1) of Section 11 Subject to the provisions of sections 60 to 63, the following income shall not be included in the total income (i.e. Exempt) of […]
Learn about the CBDTs e-campaign on voluntary compliance for Income Tax. Understand its benefits for taxpayers and the aim to increase transparency and accountability.
Impact of Overdue Fees (Section 410.7) of New Code of Ethics of ICAI All CAs celebrate 1st July as CA Day but it is also celebrated by all doctors and Agriculturists. India is a leading agri-oriented country wherein agricultural sectors continue to remain the biggest employer since ancient times. Given the cyclical nature of agriculture, […]
WHAT IS A STARTUP ? Startup refers to the new business ideas that intend to grow large beyond the solo founder. Startups are becoming very popular in India. Startups are being highly encouraged by the Government of India. On January 16, 2016 the Government of India launched the Startup India Initiative. Startups has Innovative Business model with […]
CONSUMER PROTECTION ACT Consumer Protection Act, 1986 Act 1986 ➢ provided for a three-tier consumer dispute redressal machinery at the National (NCDRC), State ( State Commissions) and District levels ( District Fora) SALIENT FEATURES OF Consumer Protection Act, 2019 Consumer Protection Councils Central Consumer Protection Authority (CCPA) Simplified Dispute Resolution Process Mediation Product Liability Rules […]
