1. Equity-linked Savings Scheme (ELSS) is a type of mutual fund investment that can help you save income tax under Section 80C. ELSS invests in stocks, so the returns are linked to the market and can be risky. You can invest any amount in ELSS, but …
Introduction Limited Liability Partnership is a combination of both the features of the flexibility of a partnership and limited liability protection. It is a combination of partnership and company. This new type of business entity was introduced to provide a structure best suited for small enterprises …
The 49th GST Council Meeting was held on February 18, 2023, to discuss and make recommendations on several issues related to the Goods and Services Tax. The Council proposed several recommendations, including compensation for GST, GST Appellate Tribunal, capacity-based taxation, and special composition schemes for certain …
Supreme Court Changes Tax Relationship Between Airlines And Their Agents Case Details : Singapore Airlines Ltd. Vs C.I.T (Supreme Court of India); Civil Appeal No. 6964¬6965 of 2015; Dated: 14/11/2022 Section 194H- The provision requires deduction of tax at source (“TDS”) at 10% plus surcharge from …
A common investor generally does not have profound knowledge of basic financial concepts. It is seen that people often use financial and economic terms loosely without understanding its proper meaning. Gaining financial fluency allows you to evaluate news, understand economic trends and financial implications to plan …
As you are aware that a Company Secretary in a company is the Principal Officer and acts as a link between the Board of Directors, the company and government, regulators, judicial agencies, courts, enforcement agencies etc. A Company Secretary is responsible for compliance and disclosures of …
Cabinet approves signing of Memorandum of Understanding between the Institute of Chartered Accountants of India (ICAI) and The Institute of Chartered Accountants in England & Wales (ICAEW) The Union Cabinet, chaired by the Hon’ble Prime Minister Shri Narendra Modi, has approved the signing of Memorandum of …
Demonetisation, inter alia, led to detection of black money, increase in tax collection and widening of tax base. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today. Giving more information, the …
Vivek Johri, Chairman, Central Board of Indirect Taxes and Customs (CBIC), has said that Rs 1.5 lakh crore in goods and services tax (GST) collection has become the new normal and that the Board is confident that it will cross this figure in the coming year. …
