Minimum Wage Compliance Framework in India
Learn about the importance of minimum wage compliance in India, the legal framework governing it, and the key components involved in ensuring compliance.
Author: Vinod Arora
GST in Restaurant Bills Explained: Know When You Don’t Need To Pay
Empower yourself with our in-depth guide to understanding GST in restaurants, including CGST, SGST, and the Composition Levy Scheme. Ensure you're paying the right taxes and protect yourself from …
Tax Rate of 15% for New Manufacturing Cooperative Societies: Finance Bill 2023
Finance Bill 2023 proposes to extend the concessional tax regime of 15% to new manufacturing co-operative societies that begin manufacturing operations before March 31, 2024.
Summary of Direct/ Indirect Tax Proposals: Budget 2023-24
Summary of the direct and indirect tax proposals in the Budget 2023 (Finance Bill 2023) as presented by Smt. Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs.
What is Double Entry Accounting System?
The foundation of the double-entry accounting system is the idea that each transaction should have simultaneous debits and credits recorded in at least two accounts.
Revised Central Minimum Wages/VDA w.e.f. 01/10/2022: GOI Notification
Central Government notifies revised rates of Variable Dearness Allowance (VDA) as well as the Minimum Wages that will come into effect on October 1, 2022.
Finance Act, 2022 notified by Govt.
Govt notifies Finance Act 2022, post assent from the President, in respect of the Budget Proposals (2022) for financial and direct/ indirect taxation relating to FY 2022-23/ AY 2023-24.
CBDT notifies the ‘e Advance Rulings Scheme 2022’, as part of ‘Faceless Schemes’
CBDT has taken yet another initiative under the 'faceless schemes' and has notified the 'e Advance Rulings Scheme 2022', applicable from 18/01/2022.
Govt. notifies the Finance Act, 2021
Govt. notifies Finance Act 2021, post assent from the President, making final the Budget proposals for financial and direct/ indirect taxation relating to FY 2021-22/ AY 2022-23.
ICAI Advisory on Certification of CSR Funds Utilisation
ICAI issues advisory requiring companies to obtain an Independent Practitioner’s Report on CSR fund utilisation from auditors/ CAs, ensuring compliance with Companies Act and ICAI Guidance Note, along with …