Under Income Tax Provisions, certain deductions are allowed for Computation of Total Income, if the payments are made within the due dates although appearing in the books of accounts. Sec 43B of the Income Tax Act, 1961 specifies that list of transactions which will be allowed for deduction on payment made within the year and …
Hinduism’s Spiritual Renaissance or Karmic Comeuppance? A Temple for All for All Ages: Jog your memory and retrieve the visuals of the images that were flashing on the TV screens on the morning of 22nd January 24 of Narendra Modi, the Prime Minister of the most populous country in the world without his usual retinue …
Do You Know What is PLI?
Watch ‘High Court, Supreme Court Proposes Bureaucracy Disposes on ITC’
Celebrating the ’27th Bizsolindia Foundation Day’
Watch ‘Parallel Proceedings by CGST and SGST authorities Against Same Matter Conflicts’ by Adv Nidhi Nawal, Director, Bizsolindia Services Pvt Ltd
Watch ‘Latest Updates in Table 14 & 15 of GSTR-1’ by Adv Kiran Sawale, Sr.Advisor, Bizsolindia Services Pvt. Ltd.
Concept Dollarisation: Dollarisation is the phenomenon where the US Dollar replaces a nation’s own currency. It is a complex economic exercise. Imagine a country where shopkeepers price goods in Dollars, wages are negotiated in Dollars and even savings are tucked away in greenbacks. This is dollarisation, where a foreign currency takes over often replacing or …
The Indian Medical Association (IMA) has a headache for which the Association does not seem to have a remedy despite it being the association of all doctors in India. The cause for the headache comes from none other than a ubiquitous Baba who challenged the efficacy and credibility of allopathic medicines and its practitioners. Baba …
CMA Ashok Nawal, Founder, Bizsolindia Wishes You a Happy New Year!
“Aspects to Consider when Replying to Assessment Notices under GST” By Adv Nidhi Nawal
Goods news for IT/ITES SEZ Developer & Units – SEZ Rules Amendment
The Lessons and Legacies of the Chinese ‘One Child Policy’ Macro-economic policies state and substantiate the cardinal economic principle that population growth fuels economic growth. The reality of both India and China, however, was that explosive population growth resulted in unmanageable consequences in the late seventies. China had an autocratic ruling dispensation and India was …
The favourite pastime post any cricket match for an average Indian is to dive deep into an in-depth analysis of the already concluded matches in the tournament. This year also after the recently concluded Cricket World Cup the self-styled cricket experts got sufficient vicarious opportunities to give vent to their bitter feelings of disappointments. The …
Currently lot of taxpayers has received Show Cause Notices for the financial year 2017-18 as due date of issuing SCN for FY 2017-18. Department is not even considering the submission made by the taxpayers before issuing SCNs. Due to this, many taxpayers are facing un-necessary hardship of replying to such baseless SCNs. Department can issue …
The ongoing Israel – Hamas war was something that was waiting to happen. The first instinctive question that crops up is why this war and why now? There is nothing about the ongoing war that has not been analysed threadbare in the newspapers or on the TV screens. I do believe that no conflict is …
CHALLENGES BEFORE THE HUMAN RESOURCE DEPARTMENT Even those who may have difficulty in defining organisational culture in precise terms with its varied hues and indeterminate characteristics, will have no hesitation in admitting to the fact that great organisations have been built over the years whether in India or elsewhere not just based on their performances, …
Background There are various schemes under the Foreign Trade Policy 2023 like Advance Authorisation (for raw material & components), EPCG (for capital goods), Export Oriented Unit (for raw material, components and capital goods). By availing these schemes read with corresponding exemption notifications issued by Ministry of Finance, the exporter ensures that the goods are exported …
