Every registered person who is eligible to take credit of eligible duties and taxes paid under existing laws in respect of input or input services or capital goods in his/her Electronic Credit Ledger, needs to file a declaration in Form GST TRAN – 1 within the specified period i.e. 01.10.2022 to 30.11.2022 as per the judgement made by the honorable Supreme court.
Employees are the backbone of any business as their diligence and hard work play a crucial role in the growth of any business. Many companies appreciate their employees and reward them in different ways. Rewarding employees motivates them to contribute more to the growth of the business. Sweat equity shares is one such reward which […]
Directors Report: A Directors Report is prepared and presented to shareholders mainly to explain or make the shareholders aware of the business and affairs of the company, its subsidiary and the scope of the Company business. The Report shall be based up to the date of signing of financial statements. It shall be a detailed […]
The section 269SS and 269T of the Income Tax Act, 1961 prohibits acceptance / repayment of loan, deposit, specified sum etc. otherwise than by an account payee cheque, account payee bank draft, ECS through bank account etc. The violation of the above provisions may attract stringent penalty under section 271D and 271E respectively. The clause […]
MCA widens scope of small companies; increases threshold limit for paid up capital and turnover : Small Company thresholds limit is revised by increasing the limit of paid up Capital from ‘Rs. 2 crore’ to ‘Rs. 4 crore’ and turnover from ‘Rs. 20 crore’ to ‘Rs. 40 crore’.
Understanding the impact of GST on international outbound freight. Learn about the exemption and extension periods for ocean and air freight services.
Understand the basics of audit materiality and its significance in financial statements. Learn how misstatements can impact users economic decisions.
Understanding the structured digital database under SEBI (PIT) Regulations, 2015. Learn about its importance, maintenance, and consequences.
Stay updated with the latest GST compliance changes and important due dates for October 2022. Avoid penalties and file your returns on time.
Understand important tax audit reporting clauses with funny Q&As. Learn and enjoy the Form 3CD Annexure in the Tax Audit Report (TAR) in a humorous and useful way.
