The Goods and Services Tax has eased the process of indirect taxation considerably since its introduction in India in 2017. However, despite the relative simplification in regards to the previous tax regime, it’s still in the nascent stages. Hence, there is still some degree of blurriness concerning its functioning among the business community in India. […]
The National Small Industries Corporation (NSIC) is a Public Sector Undertaking (PSU) that comes under the purview of the Ministry of Micro, Small & Medium Enterprises of India. It was set up by the Government of India in 1955 to foster, promote, and aid the growth of the micro, small, and medium enterprises (MSME) in
Section 194IA of the Income Tax Act, introduced in 2013, mandates the deduction of Tax Deducted at Source (TDS) on the purchase of immovable property (House Property, Commercial Property, Plot, or unconstructed land) valued above a specified amount. The buyer is responsible for deducting TDS at a prescribed rate and depositing it with the government.
Department for the Welfare of SC/ST/OBC, Government of NCT of Delhi invites applications for Financial Assistance for Purchase of Stationery to SC/ST/OBC/Minority Students, Delhi 2021 from students studying in Class 1 to 12 of all government/aided/recognized public schools of Delhi. This scholarship aims to provide financial assistance to eligible students so that they can purchase the necessary
Anti-dilution provisions are clauses built into convertible preferred stocks and some options to help shield investors from their investment potentially losing value. When new stock issues hit the market at a lower price than that paid by earlier investors in the same stock, equity dilution can occur. Anti-dilution provisions are also called anti-dilution clauses, subscription rights, subscription privileges, or preemptive rights.
The various sections under the Income Tax Act, Section 194A is specifically distinct because it focuses on the Tax Deduction at Source (TDS) on interest income, excluding interest on securities. This section plays an essential role in ensuring that tax on interest income is collected at the source itself, thus preventing tax evasion. What is
women are pivotal in shaping society, personally and professionally. Recognising woman’s unique financial needs and aspirations, ICICI Bank proudly presents the ‘Advantage Woman Savings Account’. It is an exclusive offering designed to empower women. It is an exclusive offering designed to empower women and support their journey. Bank ICICI Bank Category Savings Account Minimum Balance
Return on capital employed (ROCE) is a financial statistic that may be used to analyze the profitability and capital efficiency of a firm. In other words, this ROCE ratio can assist in determining how successfully a firm generates profits from its capital when it is used. When evaluating a firm for investment, financial managers, stakeholders,
Cross-border transactions call for stringent measures to be taken. Corporates have to go through a process that is cumbersome when it comes to cross-border transactions. An increase in the inbound and outbound process calls for an increase in the level of compliances. Foreign Exchange Management Act, 1999 (FEMA) was introduced to ensure smooth external transactions,
The deadline for employers to process and upload wage details of applicant members under the higher EPS Pension Scheme has been extended by the EPFO to January 31, 2025. Despite multiple extensions, there are over 3.1 lakh pending applications for validation of options or joint options with employers. The EPFO has received numerous requests from
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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