The 47th GST Meeting of Council has fetched numerous changes in the rate of GST, Announced GST on certain food items, removed certain exemptions, etc. of which, introducing the GST on residential house property is the one. Renting of any immovable property being residential house property was exempt till 17th July 2022. A specific exemption was given …
If you’re a small business owner, entrepreneur, or self-employed service provider, you’ve probably worked with a financial expert to file your taxes. From financial professionals, we mean the certified public accountants who play various roles in financial advising. A scalable and justifiable business model is not enough for growth where you can produce a …
Finance minister, Nirmala Sitharaman, made a declaration on October 12, 2020, of LTC cash voucher conspire for the focal government representatives. The Income Tax Department, through an official statement, gave on October 29, 2020, then, at that point, broadened the advantages of the LTC Cash Voucher Scheme to non-focal government representatives too, i.e., those utilized …
After implementing the Goods and Services Tax (GST), the Government received some feedback on the advantages and disadvantages of GST. The GST acts as a Value Added Tax (VAT) and is designed as a complete indirect tax charged on the manufacture, sale, and consumption of goods as well as services at the national level. It …
What is a section 8 company registration in India? If any company desires to promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment or any such other object then it can register itself under Section 8 of the Companies Act 2013. This kind of company is called a Section 8 …
Gold and What is the pattern of gold rate in India in 2021? In 2021, gold rates were exchanging positive however have been fluctuating all through the long stretch of February because of different elements in the global market. Contrasted with 2019, the normal gold costs for the year had expanded significantly because of the …
A board meeting is a formal gathering of a company’s top executives/Board of Directors that meets at regular intervals to make policy decisions and address company-wide concerns. Ordinarily, board meetings bring together an organization’s directors. The board of directors meets to examine the organization’s previous performance, engage in planned discussions, and certify plans of action …
Broker A broker is a person who is in the business of executing securities transactions on behalf of other people’s accounts. Investment advisors, independent contractors, financial consultants, and placement agencies hire him as an agent. Dealer A dealer is a person who buys and sells assets for his own account. He performs the role of …
Forward-thinking companies are already aware of the benefits of internal audits, and they’re pursuing audit transformation programmes based on data analytics, artificial intelligence, and automation. If you haven’t gotten there yet, learning about the advantages of internal audits is a wonderful place to start. Internal Audits: A Quick Overview Internal audits are a form of …
Capital Gain Account Scheme was introduced in 1991.It scheme allows individual to park their capital gains until the point when they can be reinvested in assets specified in Sections 54 & 54F of the Income Tax Act, 1961, protecting their capital gains. It allows us to make you eligible for the capital gains exemption you …