Income Tax Budget 2023 If the budget predictions for 2023 are accurate, the new taxation system will likely be made more attractive, which may also herald the demise of the previous tax system. This seems to be the unavoidable consequence of sweetening the new “concessional tax regime” by introducing a few restricted exemptions/tax deductions and/or …
Goods subject to reverse charge mechanism under GST: The supply of goods subject to reverse charge mechanism (RCM) where the recipient is needed to pay GST, have been notified vide Central Board of Indirect Taxes & Customs Notification No. 4/2017 dated 28 June 2017 U/s 9(3) of the Central Goods and Services Tax Act, 2017. List of …
WORLDWIDE CRYPTO LICENSING Our lawful service includes helping the world’s leading blockchain and cryptocurrency ventures to enhance and retain adherence with securities law, representing investors and consumers in high personal and class action lawsuits, resolving disputes between clients and virtual currencies, helping peer-to-peer traders and exchanges comply with the Bank Secrecy Act and the State …
What is the process when Aadhaar and PAN Mismatch? In data mismatch cases the only solution is to have it rectified. For instance, if your name’s spelling in Aadhaar is wrong then get it corrected from UIDAI. If there is an error in the PAN card, get it corrected either from UTI or NSDL — …
Valuation of Share value for Start-UP Company The value of a startup shows how much it is now worth. The product or service’s stage of development, market proof of concept, the CEO and their team, valuations of competitors or startups with a similar business model, current business relationships with customers and key partners, and sales …
Govt of India introducing new 1-time tax Amnesty scheme to decreased litigation which may be announced in Budget 2023 New one Time Tax Amnesty/Dispute Resolution Scheme May Be announced In Budget 2023 Central Board of Indirect Taxes & Customs, CBDT Studying Possible Contours Of Dispute Resolution Scheme or New Amnesty The Central Board of Indirect …
Basic Responsibilities & Liabilities of Forensic Auditor Forensic auditor must also be familiar with legal concepts and procedures, including the ability to differentiate between substance and form when grappling with any issue Help formulate recovery of funds misused and deriving the end beneficiary of diversion Preparing financial evidence and analysis and presenting in court against …
Risk of Material Misstatement and Risk of Fraud Will we chartered accountants now place a greater priority on the ROF (Risk of Fraud) than the ROMM (Risk of Material Misstatement)? While both are essential and sometimes compliment or complement each other, we need ferocious bloodhounds to protect for larger participation of both public & Foreign Institutional …
Budget Expectations various deduction limit will increase: Budget2023 Indian Govt is expected to evaluate the deductions that are now available and that have stayed unchanged for a number of years in order to encourage the lower and middle class, which have experienced the most hardship during COVID. As according to experts, the following Budget 2023 …
The dos & don’ts of business incorporation It may initially appear difficult to start a formal company and incorporate your firm, especially when you have to take into account abiding by the various rules regulations surrounding incorporation guidelines for incorporation. incorporation of business has many benefits as well including as reduced liability in the event …