INCOME TAX AMENDMENT RULES [Notification No. 28/2022/F. No. 370142/4/2022-TPL] CBDT has amended the following rules in In exercise of the powers conferred by clause (48) of section 2 and clause (47) of section 10 read with section 295…
General Limit of GST registration in case of supplier of goods is 40 lacs as per the CGST Act, 2017, but some of the following cases & Supply of goods this limit is not applicable Following (cases & described Goods…
Short Summary Union Budget Discussion 2021 Economic Reforms & Schemes – Budget highlights 2021 The overall capital expenditure for FY 2021-22 is Rs.5.54 lakh crore. Improvement of healthcare center is the priority of Government, FM proposed a new…
The benefit under Income tax differ among to class of person under the Income Tax Act. In Interim Budget 2019 has proposed rebated under income tax U/s 87A of full tax liability up to the net income Rs. 5,00,000/-, (…
Basic guide to deposit with request compliance In this article, we are supposed to cover one of the most open for discussion topic “Deposit” though the section is very ambiguous due to its vast definition of exceptions we are…
Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more…
Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…
Value Added Tax (VAT) is a tax on consumption levied in the United Kingdom by the National Government. It was introduced in 1973 and is the third largest source of government revenue after Income Tax and National Insurance. It is…
Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…
Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…