Penalty for Fake Invoices & False Entries- Section 271AAD

While showing Budget 2020 finance minister proposes about the Insertion of a new section for the penalty to a person who to evade tax liability made any false entry or oversight / omission of any entry which is important for computation. If during any proceedings under this act, if assessing …

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Banning of Unregulated Deposit Scheme Ordinance 2019

The Banning of Unregulated Deposit Schemes Bill, 2019 was passed by the Lok Sabha on 13.02.2019 yet couldn’t be passed by the Rajya Sabha. Since the Parliament isn’t in session, the BANNING OF UNREGULATED DEPOSIT SCHEMES ORDINANCE, 2019 has been issued by the President of India vide Notification dt. 21.02.2019. …

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Multi-vehicle option for E-Way bill

The new alternative has been presented wherein the transfer of one e-way charge must be moved in numerous vehicles, in the wake of moving to transshipment put. For instance, an e-way charge is created and should be moved from A to C. Here, the committal moves from A to B …

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List of IFRS corresponding to the Ind AS

  List of IFRS corresponding to the Ind AS   International Financial Reporting Standards in a broad sense comprise:   Conceptual Framework for Financial Reporting —stating basic principles and grounds of IFRS   IAS—standards issued before 2001 IFRS—standards issued after 2001   SIC—interpretations of accounting standards, giving specific guidance on …

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Seven Signs Your Co-Workers don`t Like You

Many individuals spend a large portion of their waking weekday hours with their colleagues.   So, if you figure you’re asleep a majority of your home hours, you’re getting to know what’s going on in the lives of your cubicle mates more than your family and friends most weeks.   …

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10 Telephonic Interview Tips

Before you get to travel to the face-to-face interview, you’ll in all probability have a phone interview to prove you are well worth the time, hassle and expense of an extended speech communication. Do phone interviews throw you off your game? Does one dread them? Does one feel that you …

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French Income Tax- Proposed Tax Reforms

  The French finance bill for 2018 issued on twenty seven September 2017 contains helpful measures for each people and firms. Creating sensible on President Macron’s campaign pledge, the bill contains 2 main reforms that might have an effect on individuals: the termination of the wealth tax and therefore the …

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Crux of 22nd GST Council Meeting 6th October 2017

The GST Council, in its twenty second Meeting that was held on sixth October 2017 in Delhi, Shri Arun Jaitley has counseled the subsequent helpful changes to ease the burden of compliance on small and medium enterprises:   Composition Scheme The composition scheme shall be created offered to taxpayers having …

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GST, Income Tax , TDS – Daily Updates

This Section will Be Updated on Routine Basis , Keep Checking. October 5, 2017 CBEC Relaxes Norms for Exports under GST: Exporters can Furnish Letter of Undertaking instead of Bond without Threshold Limit. it has been decided that the facility of furnishing Letter of Undertaking, in place of a bond, …

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