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Under new guidelines of the Companies Act that specify how account books must be kept in electronic format, every company that uses accounting software to maintain its books of accounts must use only accounting software that has a feature for recording an audit trail. For complianc...
Per the Income tax Act, 1961, income tax is deducted at the source by the receiver of the service at the time of advance payment or accounting of credit, whichever occurs first. The person who makes the payment must deduct the tax amount and pay only the net balance to the provider of...
Enactment of Finance Act, 2010 (14 of 2010) [Clean Energy Cess Notification]Email thisPrint this
They must incorporate more circuit breakers and track the enormity of the scams that are taking place. Tracking is not good enough; they must also act on it. With Budget 2025 to be tabled next week, I hope our reform-minded Finance Minister introduces stronger and better measures to help ...
In the private sector we are known for our expertise in helping lenders to invest securely and profitably including in the Middle East where we act for a large number of banks as well as corporate borrowers across those jurisdictions. We have a long track record of helping investors to ...
s more important than ever that conscious investors play a role in the path forward. The failure of the COP26 summit where world leaders could not put aside their own interests to act for the good of the world showed that it’s up to each individual to take action to build a resilient...
The new chairman, Psaila added: “I’m grateful for being granted the opportunity to act as chairman of FinanceMalta. Whilst we remain cognisant of the challenges present in the financial services and fintech industry, together with the board of governors, our members, the government and all ...
Are you aware that Section 80 E of the Income Tax Act, by the Government of India, has a provision under which Indian students who have taken education loans from Indian banks/NBFCs can availincome tax exemptionon the interest amount? Yes, such a clause exists!
This article explains how to create a day-based fiscal calendar for one fiscal year. Before you complete this task, set Companies Act depreciation to Yes on the Fixed assets parameters page to create a day-based calendar. The demo data company used to create this procedure is INMF.Go...