A new way of online transaction without Bank Account – Digital Rupee What is Digital Rupee? Reserve Bank of India launched Digital rupee and it is considered as a mean to implement monetary policies to provide control growth, stability & influence inflation. Digital Rupee is a Centrally Backed Digital Currency (CBDC) which is like regular …
Tax & Statutory Compliance Calendar for January 2023 Income Tax Income Tax – Tax Deduction At Source/Tax Collection At Source Liability Deposit Dec-22, 7-Jan-23 Due date of depositing Tax Deduction At Source/Tax Collection At Source liabilities under the Income Tax Act, 1961 for the previous month. Income Tax: Tax Deduction At Source Liability Deposit Oct-Dec, …
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 …