The Finance Act 2021 has introduced a new section which has come into effect from 01.07.2021. Being a TDS Section, it focusses on the buyer who is required to pay for the purchase of goods if the aggregate value of the goods exceeds Rs 50 lacs in a financial year, to deduct TDS at the…
We all would have heard about virtual money and electronic fund transfers-digital payment methods used widely? Have we? Cryptocurrency which is running in today’s era-a virtual currency is not issued by the Central Government, is secured by cryptography and does not rely on banks to verify transactions. Table of Contents What is Cryptocurrency? Where is…
Every action has an Impact; choose wisely the impact you want to have. These words by Mindy hall put the picture of today’s taxpayer. In Budget 2020 the finance minister Nirmala Sitharaman declare a new tax regime with increased tax slabs and lower tax rates. This was long required by most taxpayers, but it came…
Have you ever wondered what a company does with its accumulated earnings or when its shares price goes up? Often it issues bonus shares to its existing shareholders based on the shares owned by them. Such shares are additional shares that a company provides to its current shareholders without any additional cost. These are the…
A Secretarial Audit is an audit to examine the compliances of various legislations including the Companies Act and other cooperative and economic laws applicable to the company. The Secretarial Audit is an audit where the Secretarial Auditor expresses an opinion as to whether there subsist appropriate systems and processes in the company proportionate with the…