Learning

The Schedule III of the Companies Act, 2013 describes instructions of presenting financial statements of the company as per “Accounting Standards (AS) as...

Introduction- At the time of submitting the TDS return a very common error that occurs is that the PAN of the applicant entered wrongly, which as a result...

PAN Card is a Permanent Account Number which consists of 10 digits alphanumeric characters and is assigned to every taxpayer in India. It is a computer-bas...

On 18th February 2017, the GST Council in its 10th meeting approved the “GST Compensation to the state to provide compensation to the States for loss of...

GST is a game changing reform for the Indian Economy as it brings uniformity in the taxation structure. It is a consumption-based indirect tax charged on s...

TCS stands for Tax Collected at Source and, it is the tax payable by a seller which the seller collects from the buyer at the time of sale. Section 206C......

Capital gain is a gain or profit that arises from the sale of a ‘capital asset’ and comes under the category of ‘income’, therefore a person is req...

The Reserve Bank of India (RBI) has revised its guidelines on Liquidity Risk Management framework for NBFCs and Core Investment Companies. This revision to...

The Income-tax Department checks the income declared and tax paid by the person with the details available with them. As per the Income-tax Act 1961, if th...

What is NBFC? Non-Banking Financial Companies (NBFCs) are financial institutions registered under the Companies Act, 1956 which are engaged in the business...

The Peer to Peer lending platforms is subjected to exercise P2P lending compliances as required by the Reserve Bank of India and the Ministry of Corporate...

As per Maharashtra Authority for Advance Ruling (AAR): GST will not be levied on the premium recovered from employees salary for their parents Mediclaim A...