Transfer pricing is an accounting practice that represents the price that one division in a company charges another division for goods and services provided. Transfer pricing allows for the establishment of prices for the goods and services exchanged between subsidiaries, affiliates, or commonly controlled companies that are part of the same larger enterprise. Transfer pricing can lead to tax […]
Higher education plays a significant role not only in national development but also in fostering the ability of individuals to face challenges. The unprecedented growth of knowledge necessitates higher education to be more dynamic than ever before, continually venturing into new domains. Between 2011-12, the Government launched programmes to provide greater opportunities for access to
The Chhattisgarh government issues ration cards through the Department of Food and Civil Supplies to provide commodities such as wheat, rice, pulses, sugar, kerosene, etc., at subsidised rates to the residents of Chhattisgarh. Types of Chhattisgarh Ration Card Priority Household (PHH) Ration Card Issued to – The households in rural areas of the state. Benefits – Provides
Accounting today is much more than bookkeeping. Two important aspects of accounting are debit and credit. We must only enter a transaction after understanding the detailed meaning of which account should be debited or credited. When a financial transaction takes place, it affects two accounts, and in the dual entry system of accounting, we have
LIC Mutual Fund was set up by the Life Insurance Corporation of India (LIC), a government-run insurance provider, on 20 April, 1989. Being in the asset management sphere for more than 2 decades, LIC Mutual Fund has managed to carve a name for itself by coupling systematic investment discipline, corporate governance, and a high degree of
Section 194Q of Income Tax Act, 1961 was introduced on July 1, 2021, by the Central Board of Direct Taxes. This section deals with the Tax Deducted at Source on the purchase of goods. It is predominantly a buyer-specific section that specifies the TDS provisions for buyers who purchase goods from Indian sellers. Under section
• Under this scheme an amount of Rs. 6000/- will be transferred annually in three equal instalments• Government Resolution No Kisani-2023/CR 42/11 A dated 15/06/2023 has been issued regarding the scheme. • Farmers which are eligible for PM Kisan Yojana will be eligible for the benefit of “Namo Shetkari Mahasanman Nidhi Yojana”The Pradhan Mantri Samman
From September 1, the Bhajanlal Sharma government of Rajasthan will provide gas cylinders for Rs 450 to the families covered under the National Food Security Act (NFSA) in addition to BPL and Ujjwala connection holders.According to the guidelines of the Food and Civil Supplies Department, every family will be given a cylinder every month at
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