CAG releases provisional score points of Chartered Accountant firms who have applied for Empanelment
The Comptroller and Auditor General of India ( CAG ) has released the provisional score points of Chartered Accountant firms...
Month: May 2021
Clarification of MCA on Offsetting Excess CSR spent for FY 2019-20 (Read Circular)
The Ministry of Corporate Affairs notified the clarification on offsetting the excess Corporate Social Responsibility (CSR) spent for Financial Year...
New Income Tax E-Filing Portal to be launched from June 7: Check Out New Features
The income tax department will launch a new e-filing portal on June 7, 2021, in order to provide a hassle-free...
Rate of Depreciation under Companies Act, 2013
Depreciation under Companies Act, 2013 1SCHEDULE II2 (See section 123) USEFUL LIVES TO COMPUTE DEPRECIATION PART ‘A’ 1. Depreciation is the...
Rates of Depreciation as Per Income Tax Act, 1961
Article provides Rates of Depreciation as per Income Tax Act, 1961 on Building, Plant & Machinery, Furniture & Fittings, Ships...
Govt. extends Validity of FCRA Registration Certificates up to Sep 30, 2021 [Read Circular]
The Ministry of Home Affairs has notified the extension of Validity of Registration Certificates issued under the Foreign Contribution (Regulation)...
Taxation of derivatives and shares in India – Trading in future & options, intraday and stock held for short term and long term by an individual
As per the Indian income tax regulations, purchase of shares made with the objective of earning profit is considered as...
Income Tax audit under section 44AB: FAQs
Articles deals with Income Tax Audit Provisions in India. It explains What is tax audit, objective of tax audit, who...
Non-Residents related Income Tax Provisions
Article explains Relevance of residential status of a person for determining the taxability of the income in his hands, different...