Finance
All you need to know about the Production Linked Incentive Scheme announced for Textile Sector.
Union Cabinet on 08th,September 2021 has approved the Production Linked Scheme for Textiles for MMF (Manmade Fabric) Apparel, MMF Fabrics and 10 segments/ products of Technical Textiles with a budgetary outlay of Rs. 10,683...
Finance
Why do countries want to host the Olympics?
Hosting the Olympics is considered to be prestigious for developed nations. The Olympics create a high constrain on the economy, So the question arises why do countries want to bid to host the Olympics?...
Finance
All you need to know about Sovereign Gold Bonds Scheme – a substitute for investment in physical gold
What is Sovereign Gold Bonds? Is investing in Sovereign Gold
Bonds better than investing gold? Is it a good investment options for Middle
class Citizens?, and many other questions arise whenever any body talks about
investing in...
Finance
What is Professional Tax? View Tax Slab and Applicability
What is Professional Tax?
Professional tax is a tax that a state government levies on any individual who earns income through any medium. Unlike the name suggests, it is not just for professionals but for...
Finance
Relaxation In Applicability of Accounting Standards Commencing From April 1, 2020.
Announcement by The Institute of Chartered Accountants of India
Criteria for classification of Non-company entities for applicability of Accounting Standards. The Council, at its 400th meeting, held in March, 2021, considered the matter...
Finance
Is RBI’s latest circular on Crypto currencies a green signal for Legalization/Regularization of crypto currency trading in India?
Legalization/ Regularization of crypto currency trading in India?
Finance
Cash deposited by a client in insurance agent’s bank account is mere remittance.
Ashish N. Vashi vs ITO
Facts of the case The assessee is an insurance agent, he used to collect cash from various parties and deposit them into his bank account and out of...
Company Law and IBC
No addition can be made in respect of completed assessments if no incriminating material is found during the course of search.
The DCIT Vs. M/s.Creative Trendz Pvt. Ltd.
Facts of the case
The assessee is a company engaged in the business of embroidery of cloth and job work. The assessee filed its Return of...
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