BSE and NSE had released another circular on March 31, 2023, providing an additional list of items under Schedule III that need to be disclosed in XBRL format.
Section 44AD of the Income tax Act is one of the most important sections which come in to use most frequently. There is a misconception / issue regarding the interpretation of the provisions of this section, regarding declaration of profits at minimum 8% / 6% rate even though the actual net profit earned is more.
Explore the taxability under GST for personal guarantees offered by directors when companies raise loans. Understand the implications of the GST department’s application of the Reverse Charge Mechanism (RCM) and valuation rules on personal guarantees, even when no consideration is flowing from the company to directors.
Among the provisions outlined in the act, Section 185 has garnered substantial attention due to its impact on loans and advances to directors. This article aims to provide a comprehensive overview of Section 185 and its implications for companies and directors.
A comprehensive look at the Prevention of Sexual Harassment at Workplace Policy. Understand its scope, definition, responsibilities, complaint mechanisms, and the company’s commitment to ensuring a safe work environment.
Unlock the complexities of Purchasing Power Parity (PPP) with our comprehensive guide. Explore the theory, intuition, and calculation methods behind PPP. Understand its implications for global economies, trade imbalances, living standards, and currency valuation. Delve into real-world examples and economic forecasting. While PPP is a valuable tool, we also highlight its challenges, ensuring you grasp the nuances of this crucial economic concept. Master PPP with our insightful guide to make informed decisions in the world of international finance.
Section 2 (94A) of companies act of 2013 refers to winding up under the act or juxtapose as per IBC, 2016. To begin with the prima facie understanding of the said procedure, a company winding up will always have an administrator who will act like a liquidator responsible for the distribution of remaining resources by assuming control.
Discover expert views on the prolonged growth potential of the Indian economy, with the Chief Economic Advisor projecting a growth rate of over 7 percent in the current financial year. Get insights into the latest GDP forecast by the OECD and stay updated with key GST updates, including extension of due dates, guidelines for GST registration, the upcoming GST Council meeting, and measures to combat fake registrations.
Unlock the secrets to securing funding for your startup with our expert guide. From refining your pitch and building a strong network to targeting early-stage investments and leveraging crowdfunding, we cover strategies for success. Tailor your approach to investors, demonstrate traction, and prepare for due diligence. Let us help you navigate the complex landscape of startup funding and turn your entrepreneurial dreams into reality. Consult CS Srajan Garg, your trusted Startup Consultant and Ecosystem Enabler.
Master the nuances of lease rent taxation with our comprehensive guide. Learn how courts, including the Supreme Court, determine if lease rent is business income or income from house property. Uncover the impact on tax liabilities and deductions, with insights into claiming benefits like a 30% standard deduction or business expenses.
