COVID-19 is affecting the insurance industry in multiple ways; from employee insurance and continuity of business issues to client service obligations and finally to sustain the financial outlook of the company.
Due to outbreak of the pandemic COVIT-19, there is severe disruption in the normal working of almost all the sectors of economy including income tax department. In such a scenario, to mitigate hardships of assessee as well as officers, the CBDT issues various direction / clarifications by exercising of its powers A. Extension of Validity […]
1. Introduction: Remuneration/dividend paid to directors/shareholders has always been a subject of ambiguity under any taxation law. Deemed dividend is a topic of ambiguity under the Income Tax Act, 1961 and applicability of GST as per reverse charge on remuneration paid to directors have been a topic of ambiguity under the erstwhile Service Tax Law […]
MSME or SME sector is seen as the backbone of Indian economy. It works at the ground level to uplift the class of the masses. And hence it is an important factor driving the economy of the nation. In this post we will take a look at the process of procuring MSME license and the […]
Nursing Home means any premises utilized or expected to be utilized for the gathering of people experiencing any ailment injury or sickness and the giving of treatment and nursing to them also, incorporates a maternity home, and the articulation ‘continue nursing home intends to get people in a nursing home for, any of the aforementioned purposes and to give treatment or nursing for them.
What is Portfolio ? Portfolio means a list of the financial assets held by an individual or a bank or other financial institution. What is Investment Portfolio ? Investment portfolio means a group of investments owned by an investor. An investment portfolio represents the set of assets that an investor holds, such as stocks, bonds, property titles, […]
It is said that with great disaster comes a great downfall. As we are currently going through the biggest disaster of all times, we all are well aware of how the economy is going to react once such a situation is under control and the biggest challenge, we will be facing is how to revive […]
FAQ on LLP Settlement Scheme, 2020 As Modified By MCA General Circular No. 13/2020 Dated 30.03.2020 With a view to deal with the current financial and economic fall-out, due to the outbreak of COVID-19, the Ministry of Corporate Affairs has come up with certain important reliefs for the Corporate Sector. On 4th March, 2020 the […]
Article compares EPF (Employees Provident Fund), VPF (Voluntary Provident Fund) and PPF (Public Provident Fund) with reference to Opening Account for such accounts, Interest Rate, Tax Benefit, Period of Investment, Loan Availability, Employer Contribution on Basic + DA, Employee Contribution on Basic + DA and Taxation on Maturity Returns. EPF (Employees Provident Fund) VPF (Voluntary […]
Startups are gaining popularity but most often the aspiring entrepreneurs are seen to lack knowledge about the business, how to develop it and what business structure to follow. The business structure must be the foremost concern of any entrepreneur because basis this decision the entire shelf life of your business gets decided. One has to […]
