Minimum Alternate Tax or MAT is a provision that is in direct tax laws which is for companies, it is the provision for limit the tax exemptions which is availed by the companies.
For bringing suit for infringement of copyrights it is not necessary that subject matter should be registered with Registrar of Copyrights. But in case of infringement of a trade mark, the registration of trade mark is necessary for bringing any suit for infringement.
Post qualifications, newly qualified Chartered Accountants usually have a dilemma either to enter practice or join the industry. However, there are other opportunities too for a qualified CA.
According to the 2017 World Economic Forum's Global Gender Gap Report, "Female talent remains one of the most underutilized business resources." It is especially evident in the finance sector.
MCA vide General Circular No. 16/2021 dated 26.10.2021 has provided relaxation in paying additional fees in case of delay in filing Form 8 up to 30th December 2021.
Post the implementation of the LPG Act in 1991, the demand for Chartered Accountants has seen a hike, especially during the last 2 decades, it has been in great demand.
I don't mean to demean any degree; however, the fact of the matter is that it provides you with no certainty that the person has toiled towards it in the right spirit.
In respect of income chargeable under Section 4(1), Income Tax shall be deducted at the source or paid in advance, where it is so deductible or payable under any provision of this Act.
The Initial Public Offering of Nykaa, with a price band of Rs. 1,085-1,125 per share, has opened for public subscription on Thursday and will conclude on November 1.
In case of a person adopting the provisions of section 44ADA, income will be computed on a presumptive basis, i.e. @ 50% of the total gross receipts of the profession.