World Bank forecasts 6.7% growth for India, surpassing global growth of 2.7% India is set to dominate the global economic landscape, maintaining its status as the fastest-growing large economy for the next two fiscal years. The January 2025 edition of the World Bank’s Global Economic Prospects (GEP) report projects India’s economy to grow at a steady rate of […]
The “CM Anuprati Coaching Scheme” was introduced by the Social Justice and Empowerment Department, Government of Rajasthan. The objective of the scheme is to encourage talented candidates from Scheduled Caste, Scheduled Tribe, Other Backward Class, Extremely Backward Class, Economically Weaker Section or Minority categories of Rajasthan by providing financial assistance after their selection in various
Lakme franchise is an excellent business venture for entrepreneurs. You don’t need to have a background in the beauty sector, franchising implies comprehensive training. Thus, Lakme cooperates with banks to ensure that female entrepreneurs can easily secure financing for franchise setup. Being beautiful and feeling content with one’s self is important for many men and
The Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly-owned subsidiary of the Reserve Bank of India (RBI), established to provide insurance protection to bank deposit holders. In the event of a bank’s failure, the DICGC insures depositors by covering their deposits up to a specified limit. Under DICGC’s insurance cover, up to ₹5 lakh (including principal and interest) per depositor per bank is
GST brings transparency and develops mutual trust between the Revenue and the taxpayers. Most of the compliance process- return filing, registration, and sometimes even proceedings intend to happen without meeting a tax officer in person! Let us now focus on one of GST’s new tools to achieve its objective-an Invoice Reference Number(IRN). Form INV-01 holds
The term ‘Audit’. Dictionary meaning of the term ‘Audit’ suggests that it is an official inspection of an organization’s accounts and production of report, typically by an independent body. In this blog, let us understand the following about Income tax audit: Meaning of Tax Audit Objectives of Tax Audit Turnover Limit for Tax Audit Tax
Small and Medium-sized enterprises (SMEs) are important for a country’s GDP, especially in a country like India. In India, these Small & Medium-size enterprises contribute to around 30% of the country’s overall GDP; along with creating & providing employment opportunities to a large chunk of population. That’s the reason, SMEs are the backbone of India’s
Input Tax Credit’ or ‘ITC’ means the Goods and Services Tax (GST) paid by a taxable person on any purchase of goods and/or services that are used or will be used for business. Input ITC can be reduced from the GST payable on the sales by the taxable person only after fulfilling some conditions. These conditions given
A stock, also known as equity, is a security that represents the ownership of a fraction of the issuing corporation. Units of stock are called shares, which entitle the owner to a proportion of the corporation’s assets and profits equal to how much stock they own. Stocks are bought and sold predominantly on stock exchanges and are the foundation of
The Cabinet has approved the formation of the 8th Pay Commission to revise salaries of Central government employees and pensioners. The commission is expected to be implemented by January 1, 2026, benefiting nearly 50 lakh employees and 65 lakh pensioners. What is a Pay Commission? Every 10 years, the government constitutes the Pay Commission to
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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