Assessment not to be invalid on certain grounds No assessment, notice, summons or other proceedings, made or issued or taken or purported to have been made or issued or taken in pursuance of any of the provisions of this Act shall be invalid or shall be deemed to be invalid merely by reason of any […]
Financial statements are reports compiled by businesses that detail the company’s financial activities and health. Financial statements are often audited by government agencies and accountants to ensure accuracy and for tax, financing, or investing purposes. The primary financial statements of for-profit businesses include the balance sheet, income statement, statement of cash flow, and statement of
Advance tax is the amount of income tax that is paid much in advance rather than a lump-sum payment at the year-end. Also known as earn tax, advance tax is to be paid in installments as per the due dates decided by the income tax department. Advance tax is a type of tax payment that
The Ministry of Housing and Urban Affairs (MoHUA) is a ministry of the Government of India with executive authority over the formulation and administration of the rules and regulations and laws relating to the housing and urban development in India. The ministry was under the charge of Venkaiah Naidu and was given to Hardeep Singh Puri when Naidu was elected Vice President of India. The Ministry became independent
Common Facility Center (CFC) is a well-established phenomenon for promoting MSME clusters in India.A number of Ministries of the Government of India including the Ministry of MSME, Ministry of Textiles,Ministry of Food Processing Industries, Department for Promotion of Industry and Internal Trade,Ministry of Environment and Forest, Ministry of Rural Development, various State Governments as wellas
An ABC ID is a unique identification number,a 12 digit number that is assigned to students in India when her or she enroll in a graduate or postgraduate course. It serves as a centralized link to your academic credentials, securely storing and managing details like: Degrees Diplomas Certificates Training details Co-curricular accomplishments The Ministry of
According to the city’s traffic police laws as well as the Indian Motor Vehicle Act, breaking, transgressing, or disregarding any of these restrictions is a serious offence. The implementation of these traffic laws (decrees, rules, codes of practice, and acts) can significantly reduce the number of road accidents. These laws are enforced by issuing challans in
Non-convertible debentures fall under the debt category. They cannot be converted into equity or stocks. NCDs have a fixed maturity date and the interest can be paid along with the principal amount either monthly, quarterly, or annually depending on the fixed tenure specified. They benefit investors with their supreme returns, liquidity, low risk and tax
The Unique Identification Authority of India (UIDAI) has recently issued a notification outlining revised rules for Aadhaar enrollment and updates. New forms have been introduced for both residents and non-residents (NRIs) who wish to enroll or update their Aadhaar information. Notably, Aadhaar holders are now allowed to update their documents or information within ten years
Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. It was introduced in India in 1990 with a view to enabling highly rated corporate borrowers/ to diversify their sources of short-term borrowings and to provide an additional instrument to investors. Subsequently, primary dealers and satellite dealers were
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