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Category: Knowledge Management

May 28, 2023 / Knowledge Management

All about the ONDC (Open Network for Digital Commerce)

All about the ONDC (Open Network for Digital Commerce) What is ONDC? ONDC (Open Network for Digital Commerce) is a NGO registered company under Section 8 of Company act which is established for non-profit basis by the Department for Promotion of Industry and Internal Trade (DPIIT) of the to introduce and launch the latest update …

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June 13, 2022 / Knowledge Management

Artificial Intelligence in FinTech: Way of Changing Industry

Artificial intelligence (AI) making grip on this industry- In the financial technology business, AI has emerged as a workable tool for businesses in numerous industries. In this industry, financial companies are developers and leaders. According to Autonomous Research, AI would save the sector up to 22% of its funds by 2030. According to Forrester, almost …

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May 2, 2022 / Knowledge Management

Will Current Boom in Real Estate Continue in India 2022?

Will the Current Boom in Real Estate Continue in 2022? The real estate sector revive and restructured post-COVID-19 pandemic. There are certain changes among people and a trend started to buy a piece of residence, in the urban area. Market is known to follow so many trends at a time but what we saw during …

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May 2, 2022 / Knowledge Management

Rise of millennials is changing Indian real estate landscap

Changing landscape of real estate in India – The rise of millennials In India, there are more than 400 million millennials, which is more than the whole population of the United States! In our country, millennials aged 25 to 40 have an estimated spending capability of $3.6 billion and account for 1/3rd of the total …

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March 12, 2022 / Knowledge Management

Financial Literacy in in India & its Significance

Don’t be just Literate become Financially Literate As Well Financial Literacy and its Significance:- Being financial literate is extremely pivotal in this era of globalisation where there is huge rush towards gaining more and more financial independence. Financial Literacy in simple words refer to the idea of being aware about different financial components and skills …

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August 30, 2021 / Knowledge Management

Difference Between Repo Rate & Reverse Repo Rate

WHAT IS THE DIFFERENCE BETWEEN REPO RATE AND REVERSE REPO RATE BRIEF INTRODUCTION The two Liquidity Adjustment Facility with the Reserve Bank of India are – Repo Rate and Reverse Repo Rate. Repo Rate is basically the rate of interest which the RBI, i.e. Reserve Bank of India, charges for granting loans to commercial banks. On the other hand, Reverse Repo Rate is basically …

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July 14, 2021 / Company Law Compliances

CORPORATE AND PROFESSIONAL UPDATE NOV 24, 2016

Today Update : Direct Tax:- The ITAT Visakhapatnam held that the amendment in Explanation 5A to Sec 271(1)(c) even when made effective by Finance Act ,2009 with retrospective effect from 01.06.2007 cannot be made applicable when both original return and the revised return u/s 153A of the Act have been filed before the amended provisions …

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August 23, 2021 / Company Law Compliances

CORPORATE AND PROFESSIONAL UPDATE OCT 3, 2016.

Today updates: DIRECT TAX:-  IT: Change in method of valuation of stock – from lowest price during the year to the weighted average cost formula – So long as the change made by the assessee in his method of accounting is bona fide and amounts to a permanent arrangement to be followed the Revenue has no …

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July 14, 2021 / Company Law Compliances

CORPORATE AND PROFESSIONAL UPDATES JULY 21, 2016

DIRECT TAX: Income Tax:  Interest paid by the contractor to finance its business wasn’t includible in cost of inventory; No understatement of WIP Deputy Commissioner of Income-tax, Central Circle 2(2), Bangalore v. JSR Constructions (P.) Ltd. [2016] 71 taxmann.com 184 (Bangalore – Trib.) Income tax: ITAT Chennai in the below-citied case held that Continuance of …

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July 14, 2021 / Company Law Compliances

CORPORATE AND PROFESSIONAL UPDATE AUG 22, 2016 :

Today updates: DIRECT TAX: CBDT Notification Reg.  Adoption of Indexed Stamp Duty Value for Income Declaration Scheme. Notification dated 17th August 2016. Those disclosing unaccounted wealth under (IDS) will have the option of paying the tax on such income in cash, the income-tax department has clarified through a fifth set of frequently asked questions (FAQs). Interest …

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    India Financial Consultancy Corporation Pvt. Ltd. is one of the leading providers of financial and business advisory, internal audit, statutory audit, corporate governance, and tax and regulatory services. With a global approach to service delivery, we are responds to clients' complex business challenges with a broad range of services across industry sectors and national boundaries. The Company has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting companies and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Assurance, Risk, Taxation, & Business advisory services to various clients and their stakeholders...
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    RCS Recent Posts

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    • Key deadlines of Compliance Calendar For FY 2025–26 June 15, 2025
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