In this Article we would be discussing on the Applicability and Structure of Income Tax E-assessment; Key features of scheme and some key points to think upon.
On 13th April, the Centre as a part of providing stimulus to the ailing Indian economy had announced series of measures. One of them being infusion of Rs 90,000 crore in ailing Electricity Distribution companies to help them repay their dues to the Generation companies. The step seems in the right indirection indeed, but there […]
As we all know that the government has recently decreased tax deduction at source (TDS) and tax collection at source (TCS) rates for interest, dividend, professionals, rent payments and other non-salaried payments by 25 per cent with effect from May 14, 2020 for the current financial year. The tax deduction at source (TDS) and tax […]
Manpower is the one of the most important factor to run any industry. Every sector whether it is manufacturing or servicing needs manpower for its smooth functioning. The Organisation hires contractual workers for its different functions like security services, construction work etc. In this article, we will discuss how an auditor should review an entity’s contracts with vendors related to manpower supply.
General Clauses Act to be referred in case of Doubt in the Statutory Provision In all the Acts and Regulations, made either by the Parliament or Legislature, the words and phrases as defined in the General Clauses Act and the principles of interpretation laid down in General Clauses Act are to be necessarily kept in view.
Legal Provisions SECTION 83. Provisional attachment to protect revenue in certain cases. (1) Where during the pendency of any proceedings under section 62 or section 63 or section 64 or section 67 or section 73 or section 74, the Commissioner is of the opinion that for the purpose of protecting the interest of the Government […]
As the the whole world is scared of corona and its impact is also clear on the economies of all the countries. as all the countries and their economies are struggling with the COVID19. The stock market of all the countries almost in a worst situation crashing down and a downfall in the companies share […]
Kalipeeli Taxi, the most traditional and long-running Taxi service in Mumbai got all that they could have to ensure their business is not ruined and they also had Union formed. There was a time that these Taxis always took their customer granted and their meter cheating was almost a headache. There is no doubt that […]
The term KYC (Know Your Customer) was first coined in the United States. The importance of KYC today is very much well known but still the MSME/Business entities are not giving relevant importance to KYC. The importance of why having KYC in your business system was aptly said by Dr Subir Gokarn, Deputy Governor, Reserve […]
The term MSME is often used to abbreviate Micro Small & Medium Enterprises; these are small sized enterprises operating in Manufacturing and Service sector. The category of these enterprises are determined considering the amount of Investment made in plant, machinery or equipments (the criteria is now proposed to be revised considering the Investment and Annual […]
