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 …
No change in Income Tax Slab during the Financial Year 2022-23. Income from the transfer of virtual digital asset shall be taxes at 30% with no deduction of expenses. Tax rates for co-operative societies slashed to 15%, while start-ups are set to get one year of tax incentives till March 31, 2023 Alternate minimum tax …
Computer security, information technology security (IT security) or cyber security is the protection of computer systems and networks from information disclosure, theft or damage to the hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide. “Cyber security” focuses on protecting computer systems from unauthorised access or being otherwise damaged or made inaccessible. …
Business Valuation Services is usually carried out by a Registered Valuers in India , in line with Income Tax Act, 1961 and Company Act 2013 . For companies which are resident in India, the valuation of securities have to comply with the rule of arm’s length in the Foreign Exchange Management Act (FEMA) and as …
You would have heard this sentence probably 1000 times before and yes, you have heard it right. Like every other investment, mutual fund investments are subject to risks. This is because there is no way to predict what will happen in the future; whether given asset class will increase or decrease in value. This is …
Dear Clients, On 4th May 2021, our team suffered a terrible and an irreparable loss, Mr. Neeraj Bhagat- Managing Partner, PK Chopra & Co. passed away. He was the pillar of the organization and he shall always remain alive in our hearts. We understand this message may be difficult to process, however, courage is the most important of …
Intangible asset means an asset that is not in physical nature but have monetary value. Eg – Patents, Copyrights, Brand name, Tradenames, Goodwill and Software. As per Para21 of INDAS 38 Intangible Assets, Notified by MCA: An intangible asset should be recognized only when following conditions are satisfied i.e. a. future economic benefits will be earned by …
The Union Budget 2021-22 was presented by the Hon’ble Finance Minister Nirmala Sitharaman on 1st February 2021 in the Parliament. This year’s Budget lays focus on the seven pillars for reviving the economy – Health and Wellbeing, Physical and Financial Capital and Infrastructure, Inclusive Development for Aspirational India, Reinvigorating Human Capital, Innovation and R&D, and …
What’s Transfer Pricing? “Transfer price” means the worth charged for transfer for goods or services. However, as far as tax cares , in common parlance, “Transfer pricing: is taken into account as price charges for transfer of products or service between associate entities. For example: Let’s assume a UK computer manufacturer group buys the pc …
Facility of unblocking EWB has now been provided to the taxpayers on the GSTN Portal. To avail this facility, the taxpayer would be required to file Form EWB-05. the appliance so filed are going to be auto-populated on the dashboard of jurisdictional tax official, who can issue a Notice for private hearing to the taxpayer …