India is now a net toy exporter. India is growing its toy exports more rapidly than China. Between 2012 and 2021, Indian toy exports increased at a compound annual growth rate of 25.3%, compared to Vietnam’s and China’s rates of 23.5% and 16.7%, respectively. India’s market share in the global toy trade has slightly increased, …
58% of participants to a poll demand Elon Musk’s resignation as CEO of Twitter. In a shocking turn of events, Elon Musk, the company’s owner, polled Twitter users on Monday and found that 58% of them wanted him to step down as the platform’s CEO because of a number of problems, including the banning of …
Basic features of newly launched Digital Rupee: Digital Rupee (eRs-R) would be in the form of a digital token that represents legal tender. above Digital Rupee would be issued in same denominations that paper currency & coins are existing issued. Digital Rupee (eRs-R) would be distributed via intermediaries ie. banks. 8 Pvt or Public sector …
Team ICAI enabling resolution of issues in relation to MCA21 Version 3 – issue 3 helplines The Institute of Chartered Accountants of India team has been enabling resolution of issues in relation to Ministry of Corporate Affairs – MCA21 Version 3. In this reference, in continuation to the support & helplines that have been set …
What are the Relaxation on Applicability of Accounting Standard for SMCs : MCA Notification dated 23.06.2021 Applicability Different Accounting Standard on Small and Medium Sized Companies & Non- Small and Medium Sized Companies S. No Accounting Standards (AS) Small and Medium Sized Companies Non- Small and Medium Sized Companies 1 Disclosures of Accounting Policies- Accounting Standard-1 …
What are Benefits of Business Incorporation in USA? Why Incorporate in USA? At this time of year, many sole proprietors and general partnerships may be wondering if it’s time to create a formal business structure. If your client is still on the fence, here are some major reasons a small business would choose to incorporate …
New GST Facility for a taxpayer to easily & quickly remove a GST Suspension via GST Portal GST Taxpayer can now undo the GST Suspension thanks to a new feature introduced by GSTN By using a single click on his own. The GST platform now allows taxpayers to commence Drop Proceedings for registration suspension and …
Due date of statutory Compliance Calendar Dec 2022 – Income Tax Dates Act Nature of Due date 7th Dec 22 Under Income Tax Deposit of Tax Deducted at Source / Tax collected at Source for the month of Nov 2022. But all sum deducted by an office of Govt shall be paid to credit of the …
Foreign Account Tax Compliance Act (FATCA) Reporting for investors: Internal Revenue Service must receive information about American citizens’ or NRI financial accounts located outside of the country under the terms of the FATCA. In 2010, the legislation was released. The law intends to create a transparent, traceable tax system and prevent American taxpayers from avoiding …
Directorate of Income Tax (Systems) issue instruction to AO on time bound reply to response against intimation U/S 245 Central Board of Direct Taxes has issued Instruction No. 06 of 2022 to the AO for response to notice / intimation U/s 245 issued by Centralised Processing Centre Bangalore for decreased in timeline for filling response …