The taxpayers are curious as to what shall be done before this year end to better prepare for the new financial year 2023-24. How should a taxpayer prepare himself for this year’s march ending?
MSME sector is the backbone of Indian Economy. It generates huge employment in India. The Government of India also wants to empower the MSME Industries. Various steps are being taken by Government to enhance MSME Industry. Out of many, today we will discuss 2 major steps, which are taken in the Form of Udyam Registration […]
Assessee cannot be called upon to pay the tax which has been deducted at source from his income, even though not deposited by his employer – Quashes demand on employee arising from TDS not deposited by Kingfisher Airlines.
Understand the provisions for GST registration and revocation. Learn about the various situations in which registration can be cancelled.
Statement of Cash Flows (IND AS -7) by incorporating Companies (Indian Accounting Standards) Amendment Rules 2022 Statement of Cash Flows is an integral part of Financial Statements as per Indian Accounting Standards regime. Following are important Financial Statements of a Joint Stock Company as per IND AS regime. 1. Statement of Profit or Loss 2. […]
A comprehensive guide on the presentation of financial statements: IAS 1 and Ind AS 1. Learn about the similarities and differences in presentation criteria.
Understand TDS on Rent and TDS on Commission with this comprehensive summary. Learn about the provisions, rates, and thresholds for deducting TDS on these payments.
The sub section (4) of section 62 of companies act 2013, also talks about conversion of loans, debentures raised from government into equity of the company when it may be necessary in public interest however it doesn’t specifically mention conversion only when the company is in distress
Explore the impact of proposed amendments to the MOOWR scheme under the Customs Act, 1962, restricting deferment to duties other than IGST and compensation cess. Analyze the potential implications for importers and the manufacturing sector in India.
Learn about the appeal procedure under the Companies Act, 2013 in India, empowering companies to challenge orders by the Registrar of Companies (ROC) and seek justice.
