In this editorial author shall discuss the questions and step by step process of Resubmit or submission of Spice Part B if name approved in V2 portal. Que 1: If Name approved in V2 portal. Whether Spice Part B for the same can be file on V3 Portal? (DG) Ans 1: It is allowed to […]
The intention behind introduction of provisions of section 40A(3) of the Act was two- fold – 1. Firstly, putting a check on trading transactions with a mind to evade the liability to tax on income earned out of such transaction and 2. Secondly, to inculcate the banking habits amongst the business community. The provision was […]
♦ In case of Individuals, HUF, AOP, BOI, Artificial Judicial Person The amount of Income Tax computed in accordance with the preceding provisions of this paragraph (including capital gains under section 111A, 112, and 112A), shall be increased by surcharge at the rate of – 1. Having a total income (including the income by way […]
Technical and fundamental analysis are important tools when it comes to trading stocks, but traders often overlook the importance of psychology and emotional control. It is essential to maintain a disciplined approach when trading, as it can make all the difference in achieving success. Having a clear plan and understanding of the risks associated with […]
Accounting ethics are vital for decision makers, stakeholders, and the public; learn why in this guide for future accountants. Discover the importance of ethics in accounting and how to cultivate ethical practices.
The US federal bifurcates the taxpayers into two prominent heads – Non-resident Aliens (NRA) and Resident Aliens. Usually, a resident alien is taxed on their worldwide income, the same as a US citizen. Resident aliens have to report all types of income and the amounts earned inside and outside the US.
A Limited Liability Partnership is a business that requires at least two partners and there is no upper limit for number of partners in the firm. It is an alternative corporate business form.
Discover the key income-tax proposals in Union Budget 2023-24. Learn how 33% increase in capital spending plans to bolster of India’s infrastructure, create jobs and boost growth. 50 additional airports & 100 projects identified. Investment opportunities & 2.4 trillion rupee for railways budgeted.
Learn about the implications of Amendments in Budget 2023 on Trusts, their functioning and formation. Trusts are neither encouraged nor trusted in the Budget 2023, but every budget.
Corporate fraud is an act that misleads people by false representation of facts or wrongful concealment of facts, which results in an unethical or illegal gain.
