Importance of Cyber Security in today Situation Cybersecurity is comprehensive and includes everything related to the protection of our sensitive information, personally identifiable information (PII), protected health information (PHI), private details, intellectual property, data and industry and government information technology against theft or damage by criminals and adversaries. The Covid-19 pandemic has made a huge …
GST Council Meeting Updates: The council has allowed the state of Kerala to impose a cess of up to 1 percent on intrastate sales for two years, says Finance Minister Arun Jaitley. The Goods and Services Tax (GST) Council on Thursday i.e. January 10 doled out a few benefits to medium and small-scale enterprises (MSMEs). A committee …
What is a limited liability partnership company? BRIEF INTRODUCTION Limited Liability Partnership (LLP) is business form which provides benefits of limited liability partnership and adaptability of a partnership business. Compliance requirement is a smaller amount in LLP as compared to company type of business structure. Audit is exempted up to certain level of turnover just in case of LLP. Minimum two people can form …
Direct Tax Updates: The Details of the Income tax circular is asked by the Government. The Circular was issued and then Reverted By the CBDT (Central Board Of Direct Tax) showing the ongoing case on Rahul Gandhi and Sonia Gandhi. A latest assessment order is asked By the Government Form the Income Tax Department Stating …
RBI Updates: After a great run in building a liquor business of Vijay Mallya is became the poster boy of India in the 21st century. If Banks is blamed partly for the magnitude of the losses in Kingfishers Airlines Default But which remains is present on the doorstep of RBI. It Increased the Corporate Debt …
GST Guidance on GST composition scheme GST Composition Scheme Particulars Supply of services [Section 10(2A)] Supply of goods [Section 10(1)] Applicability of the GST Composition Scheme. Whose aggregate turnover in the preceding FY did not exceed Fifty lakhs Ø Registered persons who are not eligible as mentioned in the left column. Ø The value …
Income Tax Updates: It is notified by CBDT that DTAA between India-Hong Kong for avoiding double taxation and Preventing Fiscal Evasion with Respect to taxes on Income. Indirect Tax Updates: In GST there would be no profiteering if Base Price of the Product is Not Changed after Reducing the Tax. CBIC has notified new …