Import duties on gold and silver findings and coins of precious metals is 15%.
GST on mobile phones is a consumption tax levied on the selling price of the phone. The taxes generated are paid to the government to streamline taxation and replace multiple indirect taxes.
The Indian cement industry is one of the largest in the world, both in terms of production and consumption. The sector has been experiencing steady growth due to infrastructure development, housing projects, and increased demand from the real estate sector.
As you are aware that for sake of ease of doing business , development of insurance industry and achievement of its target " Insurance for all 2047",the IRDAI has established Regulations Review Committee(RRC).
An audit trail is a chronological record of all changes made to financial transactions within an accounting system. It helps maintain the integrity and accuracy of financial records.
This article outlines various recommendations put forth by SEBI's Ease of Doing Business (EODB) working group and additional proposals aimed at streamlining processes and enhancing investor experience within the portfolio management industry.
RBI's 2024 Guidelines: Master Direction on Commercial Paper and Non-Convertible Debentures with Up to One-Year Maturity
It is high time that necessary amendments should be made in the Income Tax Act/Rules to incorporate the process of claiming the tax credit, where the foreign tax credit certificates are received by an assesses even after the end of the assessment year.
Companies have been granted a year to implement the Ministry of Corporate Affairs' latest change in accounting software to use the audit trail (edit log) feature. The audit trail will be mandatory for private limited firms starting April 1, 2022, according to a decision made this year.
In this article we discuss 3 AI-driven innovations, actively used by accountants to improve the accuracy of financial data, to free up time and make accounting more efficient.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English