With effect from AY 2017-18 company would be resident in India if in any previous year: 1. It is an Indian Company (i.e. Incorporated as per Companies Act 2013 or 1956) 2. Its Place of Effective Management (POEM) is in India for a particular PY. POEM means a place where key managerial and Commercial decisions […]
We live in a world where business is ruling the roost. No matter what lane you come from or what locality you live in, you will always find thousands of business in the area. But does every business that you come across is performing well for its owners? Maybe not. In that case, how does […]
Notification No. 11/2020- Central tax dated 21st March 2020 has been issued prescribing the procedure of registration, filing of return, availing of input tax credit and further clarification has also been issued vide circular no. 134/04/2020-GST dated 23rd March 2020 on the same for registered taxpayers covered under Insolvency and Bankruptcy Code, 2016 (IBC).
Concessional rate of Tax applicability for individual business owners, Individuals, HUF and professionals as per the new amendment of Finance bill 2020 for Financial year 2020-21 Please read the entire article to get a hold of the optional tax benefit given to Individuals & HUF New tax structure is as follows: Annual Income New Income […]
MCA has relaxed the provisions for physical attendance and allowed video conferencing for meetings among Covid 19 pandemic situation vide General Circular No. 14/2020 Dated- 08/04/2020 Govt’s proactive steps In the Unprecedented times of Covid 19, the Indian government is taking proactive steps. The Govt is duly empathising with the concerns of the industry, SMEs, […]
Considering the coronavirus outbreak condition Central Government on 24th March, 2020 via Ministry of Corporate Affair notification S.O. 1205 (E) in exercising its power conferred under proviso to Section 4 of Insolvency Bankruptcy Code, 2016 (31 of 2016) enhanced the minimum default threshold from INR One Lakh to INR One Crore.
The foreign exchange market, which from this point on will be referred as forex, is a market that trades currencies from different countries. In this market two currencies are traded against each other according to what the market believes to be the relative strength between these two.
Wages & Salary 1. Whether employers can reduce the salaries or bonus of the employees for the lockdown period of COVID-19 due to effect on the turnover of the organization? Answer: The Ministry of Home Affairs vide Order no. 40-3/2020 DM-I(A) dated 29.03.2020 has directed all the employers, be it in the industry or in […]
COVID – 19- TRADE FRIENDLY INITIATIVES BY CBIC 1. 24*7Custorris Clearances of Goods to avoid any supply disruptions 2. Custom formations ore working for clearance of both import & export cargo. Assessment, examination and ancillary work such as bond acceptance, warehousing, port clearance, amendment to documents is happening smoothly. 3. Dedicated Novel Corona Virus helpdesk for […]
TAX SAVINGS INVESTMENTS AND WEALTH MANAGEMENT Why to save taxes..?? -Do you feel that you are paying too much tax? -Have you ever thought of saving tax? -Planning your taxes properly can help you save a lot of money. -Income Tax laws appear so complex that people are scared to deal with their taxes. Why won’t […]
