KNOWLEDGE HUB
Complete TDS Rates DTAA Vs. Income Tax Act
There is always difficult to find DTAA rates when we have to make a foreign payment to a party, Income tax rates can be found easily but to find DTAA rates you have to check each DTAA every time which is quite daunting tasks, We have compiled complied complete list of...
RBI Complete Statement 22nd May 2020
Statement on Developmental and Regulatory Policies This Statement sets out various developmental and regulatory policy measures to improve the functioning of markets and market participants; measures to support exports and imports; efforts to further ease...
TDS,TCS revised rates applicable from 14th May 2020 for A.Y. 2020-21
Reduction in rate of Tax Deduction at Source (TDS) & Tax Collection at Source (TCS) In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, the rates of Tax Deduction at Source (TDS)...
Finance Minister of India announced Rs 1.7 lakh crore relief package.
Finance minister announced various measures for poor section of society. Today's measures are aimed at people who are immediate need of food, money and cooking gas, said FM Sitharaman.Workers' welfare fund of Rs 31,000 crore to be utilised for construction workers. We...
EXCISE POLICY OF U.T. CHANDIGARH FOR THE YEAR 2020-21
The Excise Policy 2020-21 (commencing from 01st April, 2020 to 31st March, 2021) has been approved by the Administrator, U.T., Chandigarh. The new Excise Policy for the year 2020-21 aims at balancing the aspirations of the citizens, consumers, manufacturers,...
MINISTRY OF CORPORATE AFFAIRS ORDER
New Delhi, the 25th February, 2020 S.O……………(E).—In exercise of the powers conferred by sub-section (11) of section 143 of the Companies Act, 2013 (18 of 2013 ) and in supersession of the Companies (Auditor's Report) Order, 2016, published in the Gazette of India,...
Blackstone have acquired Trident Hotel for Rs.585Cr
NCLT: US PE firm Blackstone Group have got the NCLT approval for to acquire Trident Hotel Hyderabad, owned by Golden Jubilee Hotels and managed by Oberoi group East India Hotels(EIH) for 585Cr, Blackstone Group infuse Rs.384 Crore upfront to clear dues of...
Major Tax proposals in “PART B” of Budget 2020
Corporate tax rate @ 15% for new companies in the manufacturing sector. Also, tax rate for existing companies is brought down to 22%. Income tax slab as per new regime: > upto 2.5L – NIL > 2.5L to 5L – 5% > 5L to 7.5L - 10% > 7.5L to 10L- 15% > 10L to...
Extension of due date of filling AOC-4 & MGT-7
Ministry of Corporate Affairs on 29th October, 2019 vide General Circular No. 13/2019 has extended the due date of filling of forms MGT-7 (Annual Return) and AOC-4 (Financial Statements) for the financial year ended 31.03.2019. The extended due dates are 30.11.2019...
Risk Base Auditing
RISK BASED AUDITING Over the past few years, the need to manage risks has become an important part of good corporate governance practice. The increasing pressure on organisation to identify all business risks and explain how they manage them. With the responsibility...