A. Income Tax Updates for the Month of September 2019 A. THE TAXATION LAWS (AMENDMENT) ORDINANCE, 2019 ♦ Tax on income of certain domestic companies- Option for Domestic Company for concessional tax rate of 22% (excluding surcharge & cess) subject to the condition that they will not avail any exemption/incentive. Exemptions / benefits that cannot […]
Definition:- A permanent establishment (PE) is a fixed place of business which generally gives rise to income or value-added tax liability in a particular jurisdiction. The term is defined in many income tax treaties and in most European Union Value Added Tax systems. Significance :- In all these years after qualifying as a Chartered Accountant whenever i […]
We all have appointed chartered accountants and think that everything should be alright after that.But have you checked that is it so? Or rather are you aware what exactly you want to be OK. We all are experiencing specialisation in every aspect of our life be it Doctor,Lawyer,Engineering or any other day to day field.But somehow […]
Various notifications have been issued by CBIC, notifying numerous changes with effect from 01.10.2019. These notifications hace been issued to implement decisions taken at 37th GST Council meet at Goa on 20.09.2019. A gist of the changes are as follows; Change in Rate of Goods & Services: (i) Dry Tamarind/ Plates and cups made up […]
One of the most prominent questions which chase every MD or an entrepreneur is where to invest and where to get healthy ROI. Corporate India has also gone global in its business expansion in the past 2 decades. Pre and Post-recession IFAN find that there have been many situations where Indian corporates succeeded as well […]
Gist of Notifications issued in order to implement the recommendations of the GST Council in their meeting held on September 20, 2019 There are several changes proposed in GST rates on specified goods and services during the 37th GST Council meeting held on September 20, 2019. The Central Government has now given effect to the recommendations […]
Today, mutual funds have emerged as one of the ideal investment alternatives for creating long-term wealth and achieving financial goals. One of the key reasons for the rise of mutual funds is the ease with which investors today can invest in Mutual Funds. With the advancement of technology, investing in mutual funds has become a […]
Starting a new venture is an exciting event for every budding entrepreneur. But they also encounter a lot of obstacles when it comes to starting a company from scratch. For example, Startup cost is the most common hurdle that every entrepreneurs face and one should know that there are SME loans. A business loan can […]
inance Minister introduced amendments in Income Tax to boost economy. Corporate tax Dandiya ground is of Income Tax, the players are corporate taxpayers. The music is being played to boost economy. The Corporate tax Dandiya is for coporate tax payers only and no passes are given to non-corporate taxpayers i.e. it is not applicable to individuals, HUF, partnership firm, etc.
DIN VERIFICATION- A identification of Director Verification of Director is being done through checking of unique mobile number and email id of each director by Registrar of companies whether he is alive or not. It is as per Rule 12A of The Companies (Appointment and Qualification of Directors) Rules 2014. The Rule came from financial […]
