Latest Business Update, Notification, Learning Center at Neusource Startup

28

Mar

COVID-19: Social Responsibility Of Every Taxpayer

We have seen different announcements by the Government of India this week after the lockdown of 21days to avoid the Corona virus.

28

Mar

One Person Company V/S Private Limited Company

One person company means a corporation which has one member On the other hand a Pvt Ltd is that kind of organisation structure which is registered under Companies Act to provide a separate legal existence to the business from its owners and members.

28

Mar

Maintenance of Books of Accounts under Various Laws

Books of accounts including bills and receipts and that is required to be maintained under different statutory laws – Income Tax Act, Companies Act 2013 and GST Act.

28

Mar

GST on supply of lottery tickets

Hence,the sale of lottery tickets would be considered to be the supply of taxable goods and will attract GST on Lottery sales.There are two types of lottery tickets.One is "lottery run by state government" and the other is by Lottery authorized by SG

28

Mar

Treatment of GST on Canteen Services provided by employer

Supply refers all kinds of supply of goods and services

28

Mar

Taxation and Accounting as per ESOP

Exercise: It is the demonstration of an application being made by the Employee to the Company to have the Options vested in him gave as endless supply of the Exercise Price. Exercise can happen as determined subsequent to Vesting.

28

Mar

Corona Pandemics: The Finance Minister Declares 1.70 Crore Relief Fund

The union Finance Minister Smt. Niramla Sitharaman declares Rs 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana for the poor to help them fight the battle against Covid -19 pandemic

27

Mar

Relation of Productivity with Income Earned

Productive Impact is directly equated to income achieved based on the above three stroke if utilized Boosting your income welcome an opportunity to invest in the lives of others in the form of charity for people new jobs new products and services

27

Mar

Government Relief Packages Due to COVID 19

Government has implemented above mentioned tax reliefs to all the affected persons in the period of crisis.

27

Mar

Forms to be pre-certified by professionals as per Companies Act 2013

Once an e-Form has been pre-certified by a professional towards its originality based on the particulars contained in the books of accounts and records of the company, ROC is entitled to take on record the e-Form.

27

Mar

Sec 194I of Income Tax Act - TDS on Rent

Sec 194I of the Income Tax Act 1961 is related to the TDS deduction on payment of rent. The provisions explain the applicability, rate, time of deduction, and payment of TDS on rent

27

Mar

COVID-19: Relaxation By RBI

Reserve Bank will plan auctions of focused term repos of up to 3 years tenor of convenient sizes for a total amount of up to Rs. 1,00,000 crores at a drifting rate linked to the policy of repo rate.

27

Mar

IND AS – 38: Intangible Assets

For example Patent, Trade Mark, Goodwill, copyright, Customer details etc

27

Mar

Goods and Services under Reverse Charge Mechanism

So, if you want to know the goods and services that will be charged under RCM have a look at the table which represents every detail regarding the same.

27

Mar

Effect on financial statement due to Covid 19

Who might have envisioned this at start of the decade? Bill Gates said in his 2015-TED talk "In the event that anything executes more than 10 million individuals in the following not many decades

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