Section 80-IAC of Income Tax Act, 1961 provides a tax incentive to domestic companies for promoting investments in startups and other eligible businesses.
Discover why the procedure for paying taxes has become so complex and how it can be resolved in the near future with e-payment hitches.
Recently in 48th meeting of GST Council it has been proposed procedure for refund to unregistered person. CBIC has issued circular stating detailed procedure for application of refund to unregistered person.
A Board Meeting requires a quorum per Section 174 of the Companies Act, 2013. Learn about the minimum number of directors required and how directors participating through audio-visual means also count.
This article explains the GST Penalty on Fake Invoicing & Wrong ITC Claim. Learn about the applicability of Section 73 & 74 penalties for dishonest ITC. GST registered suppliers beware!
Gullak introduces Gold leasing with their new feature Gold+. Lease your Gold to get 5% extra returns, giving 16% overall returns on your gold investments
Find out why Indian intermediaries rendering services to a foreign principal may be liable for GST despite the general principle of place of supply being the place of recipient. Learn more in this blog post.
Benford’s law describes the relative frequency distribution for leading digits of numbers in datasets. In this article we are discussing the possible ways to implement this theorem with understanding our needs and business practices of record keeping.
Goods Transport Agency means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called. Individual truck/tempo operators who do not issue any consignment note are not covered within the meaning of the term GTA.
RED Flag is an essential tool for forensic audit to uncover potential fraud and unethical activities. Use RED Flag to detect fraud, financial mismanagement & legal risk.
