DPIIT has created Startup India Seed Fund Scheme (SISFS) with an outlay of INR 945 Crore to provide financial assistance to startups for Proof of Concept, prototype development, product trials, market entry, and commercialization It will support an estimated 3,600 entrepreneurs through 300 incubators in the next 4 years.
The pandemic has put not only lives in danger but also many out of jobs resulting in a financial crisis. This has alarmed people to save for the rainy days.
The Government has changed the rules for calculation of interest on EPF/GPF/RPF Accounts and has set threshold limit for contribution in EPF Rs. 2.50 Lakhs and GPF Rs. 5.00 Lakhs on which interest received will not be taxable.
Let us analyse some of these budget amendments proposed in the Finance Bill, 2022, aimed at overturning the well-known and established judgements
INC-20A is a Declaration for Commencement of Business form. According to the new section 10A(1)(a), of the Companies Act, 2013, and Rules 23A of the Companies (Incorporation) Rule 2014, it is imperative for a director of an incorporated company to file an INC 20A form with the Registrar of Companies (RoC).
In the final analysis if the bank employees are vigilant and alert to take deterrent actions without any let up on the first sign of fraud itself, the incidents of fraud can be minimized to a great extent.
From the Financial year 2021-22, CARO 2020 is replacing CARO 2016. What is the difference between CARO 2020 and CARO 2016? Is there any additional reporting requirement under CARO 2020? All these questions are answered here
Electronic Invoicing is an electronic authentication mechanism under GST.
Every CA Inter student after giving exams enroll themselves for ITT and OC (which is basically a 15 day program about your IT skills and soft skills). But everyone knows that one friend or senior or teacher, who may say that ITT is main and all practical knowledge, OC is not that important or not so useful).
Limitation period for initiation of CIRP is 3 years from the date of default even if a default took place prior to the enactment of IBC,2016.