The stock market’s powerful rebound from last year’s pandemic-related plunge has put investors in a buying mood. Dalal Street is full of energy as initial public offerings (IPOs) are hot again. A mixed bag of companies ranging from young ones, some of them yet to post …
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench upheld the order passed by CIT(A) wherein the disallowance of Rs.4,02,837 on account of interest on office loan was confirmed. Facts of the case:- The assessee United Teleservices Ltd. appealed against the action of CIT(A) in confirming the …
a) The Institute of Chartered Accountants of India (ICAI) opened up registration for Online Home-Based Practical Training Assessment. b) It is announced that the next practical training assessment is being conducted online from March 13-15, 2021. The students who have completed their 1st or 2nd year …
1. The Institute of Chartered Accountants of India (ICAI) announced the dates for IPC, Intermediate and Final Exams. I) Firstly, the Intermediate (IPC) Course Examination under Old Scheme, Group-I exams will be held on 22nd, 24th, 27th & 29th May 2021 and Group-II exams will be …
The Finance Minister, Nirmala Sitharaman, presented the Union Budget, 2020, and introduced a new income tax slab. The new tax regime was introduced for regular individuals, senior citizens, and HUF, wherein they can pay taxes at lower income tax slab rates. Let’s check the income tax …
Saving for one’s retirement is an extremely crucial financial goal. The best way to save for retirement is to go for long-term small but regular investments. For this, the National Pension System (NPS) and the Public Provident Fund (PPF) are two commonly used products. Here is …
The Bombay High Court held that interest on the loan is not taxable in absence of a mechanism for bifurcation of service prior to March 2006. Facts of the case:- The respondent, Shriram Transport Finance Company Ltd. is engaged in the business of lease and equipment …